Credit Card Charges: This charge is applied suddenly on the credit card, the bank or agent never gives information about them.

If someone tells you that you get a credit card for free and there is no charge on it, then he is saying wrong. You will find plenty of people who tell you about all the discounts and reward points on credit cards, but no one tells that if you do not pay attention, then a credit card with many benefits can become a cause of loss.

A credit card that offers cheap things can cost you a lot if you are not aware of the charges on it. Some charges are levied on every card, some are levied due to your carelessness. Some of the charges are not even mentioned by the bank or the agent. Let us know about 5 such important charges.

1- Annual charge i.e. annual charge is such a charge, which different banks levy differently. There are many banks that do not charge these charges, while there are some that do charge these, but if you use the credit card for more than a certain limit, then they refund these fees. So if you take a credit card, then first check that the bank is not charging it annually and if it is, then it should have a policy that after spending up to a certain limit, it should return the money. On the other hand, if the bank is charging annual charges in any case, then take that credit card only when you need it a lot.

2- Interest on credit card dues Although this charge is levied by every bank, but only on those who do not pay the credit card bill on time. That is, if you pay by your due date, then fine, otherwise the credit card company will charge you a huge interest. Keep in mind that even paying the minimum due cannot save you from huge interest. Therefore, always make sure to pay your credit card bill by the due date, even if you have to borrow money from somewhere else, otherwise you may be charged up to 40 per cent interest.

3- Charges on cash withdrawal Before using credit card, understand that every rupee spent on credit card is a kind of loan. In such a situation, if you withdraw cash from a credit card, then keep in mind that the charge will start from the day of cash withdrawal. That is, if you shop with a card, then you have to pay the money without any interest till the due date, but if you withdraw cash, then interest will have to be paid on it from the day of withdrawal till the day of payment. In such a situation, keep in mind that until all the roads are closed, do not withdraw cash from the credit card, otherwise there will be a huge loss.

4- Keep in mind the surcharge Surcharge is levied on filling oil on credit cards of almost all banks. Although most of the banks make it clear at the time of giving the credit card that the surcharge will be refunded, but if the bank does not give such information, then definitely make it clear from it. Most of the banks offer surcharge refunds only up to a certain limit. For example, you may get surcharge refund on transactions of minimum 500 and maximum 5000 rupees. Also, you may get a refund of 100 or 200 in a month or any other fixed amount by the bank as surcharge. In such a situation, before taking a credit card, take complete information about this charge.

5- While giving overseas transaction charge credit cards, many banks include in their features that you can use their credit card abroad as well. However, it needs to be noted that using a credit card abroad also incurs hefty charges, which the bank does not disclose. If you are also planning to travel abroad and plan to go there and do some shopping with your credit card, then first make sure with your bank that how much it is going to charge you.