Very few people know about these charges on credit cards, and understand the whole thing before taking it.

Very few people know about the charges levied on credit cards. You have to pay many types of extra charges for using credit cards. Today we are going to tell you about these charges. Let us know.

Nowadays the use of credit cards has increased a lot. Most people are using credit cards to make payments. The biggest reason for this is the benefits of credit cards. There are many benefits of making payments through credit cards. It includes many benefits like discount offers, reward points. While using credit cards, many people forget that credit cards are a kind of loan. After a certain time, we have to repay this loan along with interest. Along with this, many charges also have to be paid.

Very few people know about the charges levied on credit cards. Actually, you have to pay many types of extra charges on using credit cards. Today we are going to tell you about these charges. Let's know.

Annual charge

Annual charge is a common charge levied on credit cards. After getting a credit card, you do not have to pay annual charge in the first year but from the second year onwards you have to pay annual charge. This charge can be from Rs 1000 to Rs 5000. At the same time, this charge is different according to different credit cards.

Transaction charge

Transaction charge is taken from you even if you do any kind of transaction with a credit card. This charge ranges from 2 to 4 percent of the transaction.

Late payment charge

If you delay in paying the credit card bill, then also you are charged. This charge varies according to different credit cards. This charge usually ranges from Rs 500 to Rs 1000.

Charges on making minimum payments

Due to lack of money, many times people make minimum payments of their credit card bills, on which they have to pay a charge. This charge ranges from 2 to 4 percent.

Cash advance charge

Cash advance charge is levied on withdrawing money from ATM. This charge ranges from 2 to 5 percent. The interest you have to pay on cash advance is more than the interest charged on the money spent.