In the last article I gave you some tips on how to use your credit cards in a smart way. These tips covered education and interest rates. Now I will write about late fees. Credit card late fees can vary from fifteen dollars to as high as thirty nine dollars. And as if this weren’t enough, if you are late on a payment, most credit card companies will raise your interest rate on top of your late fee. Analysts reveal to us that almost a third of credit card business revenue comes from collecting late fees. But want to know a secret? Most credit card companies will waive your late fees if you call them up and request that they do so.
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