{"id":210566,"date":"2021-02-26T19:00:00","date_gmt":"2021-02-27T00:00:00","guid":{"rendered":"https:\/\/milesopedia.com\/news\/how-to-avoid-credit-card-fees-in-canada\/"},"modified":"2025-01-02T09:33:23","modified_gmt":"2025-01-02T14:33:23","slug":"how-to-avoid-credit-card-fees-in-canada","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/reviews\/credit-cards\/how-to-avoid-credit-card-fees-in-canada\/","title":{"rendered":"How To Avoid Credit Card Fees In Canada?"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text el_class=”checkmarks”]<\/p>\n

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Credit cards<\/a> can offer you a great deal of convenience when you are short on cash. <\/span><\/p>\n

Be careful, however, as credit cards can have many fees attached to them. In fact, the average credit card can have up to 10 fees that can eat into your income. Here are the 10 most common credit card fees and how to avoid them<\/strong>. <\/span><\/p>\n<\/div>\n

[\/vc_column_text][vc_custom_heading el_id=”type_of_credit_card_fees_in_canada” text=”Type of credit card fees in Canada” google_fonts=””][vc_custom_heading el_id=”1_late_fees” text=”1). Late fees” font_container=”tag:h3|text_align:left” google_fonts=””][vc_column_text el_class=”checkmarks”]<\/p>\n

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A late fee (or penalty) is a fee you will have to pay if you<\/span>do not make the minimum payment by the due date<\/span>.<\/span> With the late fee, you could pay up to $35. Therefore, you should do your best to avoid paying these fees. <\/span><\/p>\n

So how do you avoid late fees? First, you need to know when the minimum payment is due on your credit card. Also, make your payment at least 5 business days before the due date to ensure that it is processed on time. You can set up automatic payments with your financial institution to ensure that you do not<\/strong><\/span>
\n miss any payment<\/strong>
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[\/vc_column_text][vc_custom_heading el_id=”2_atm_fees” text=”2). ATM fees” font_container=”tag:h3|text_align:left” google_fonts=””][vc_column_text el_class=”checkmarks”]<\/p>\n

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If you use your credit card to withdraw money from an ATM, you may incur fees. These fees do not come from the credit card company itself. They come from the distributor. <\/span><\/p>\n

So how do you avoid those ATM fees? Chances are, some ATM networks have a relationship with your credit card company and offer free transactions. Be sure to use ATMs that are part of your credit card network.<\/strong> If your credit card does not offer free ATMs, do your best not to use your credit card to get cash advances.<\/span><\/p>\n<\/div>\n

[\/vc_column_text][vc_custom_heading el_id=”3_foreign_transaction_fees” text=”3). Foreign transaction fees” font_container=”tag:h3|text_align:left” google_fonts=””][vc_column_text el_class=”checkmarks”]<\/p>\n

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Si vous utilisez votre carte de cr\u00e9dit dans un pays \u00e9tranger dont la devise est diff\u00e9rente de celle de votre pays d’origine, des frais de transaction \u00e9trang\u00e8re peuvent vous \u00eatre factur\u00e9s. Ces frais peuvent repr\u00e9senter jusqu’\u00e0 3 % du co\u00fbt total de la transaction. <\/span><\/p>\n

La meilleure fa\u00e7on d’\u00e9viter les frais de transaction \u00e0 l’\u00e9tranger est d’obtenir une carte de cr\u00e9dit qui ne facture pas de frais de change.<\/a> <\/span><\/strong><\/p>\n<\/div>\n

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Voici trois cartes de cr\u00e9dit populaires qui ne comportent actuellement aucuns frais de transaction \u00e9trang\u00e8re. Ces cartes sont des options int\u00e9ressantes si vous aimez voyager souvent \u00e0 l’\u00e9tranger :<\/p>\n