Help Desk FAQ

Credit Cards

 

Can I be charged an upfront fee for a new credit card? Is there a limit?

You can be charged upfront fees, such as an application or annual fee, but they can’t total more than 25% of the initial credit limit. For example, if your credit limit is $300, your first year’s fees can’t exceed $75. (This limit doesn’t include penalty or other fees you incur for such things as a late payment or a cash advance.)
 

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credit cards, credit, fees


 
 
 
 

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