Every CREDIT CARD Fee Ranked by How Badly It Hurts

Chapters

1. 00:00The Hidden Cost
2. 00:17The CARD Act Cap
3. 00:34The Most Common Fee
4. 00:51Total Late Fees Collected
5. 01:06Worse Than Late Fees?
6. 01:23Average APR 22.8%
7. 01:39Foreign Transaction Fees
8. 01:56Vacation Surprise
9. 02:11The Sneaky Fee
10. 02:27Annual Fees: Worth It?
11. 02:43Perks Offset Cost
12. 03:00Predictable Cost
13. 03:15Penalty APRs: The Long Tail
14. 03:32Penalty APR Duration
15. 03:49Avoid the Spiral
16. 04:06$150 Fee on $5,000 Transfer
17. 04:23One Fee You Can Skip
18. 04:40Avoid the Pain
19. 04:55Avoid the Pain
20. 05:11Interest Compounding
21. 05:26Fee vs. Savings
22. 05:41Over-Limit Fee Opt-In
23. 05:56Fee vs. Perks
24. 06:12Cash Advance Pain
25. 06:28Autopay Saves
26. 06:43Smart Moves
27. 06:59Over-Limit Opt-In
28. 07:16Fee vs. Savings
29. 07:33Foreign Fee Impact
30. 07:50Autopay Saves

About this video

In this video, we rank every common credit card fee from mild to brutal based on real-world pain. You'll learn which fees to avoid at all costs and when a fee might actually be worth it. Chapters: 00:00 The Hidden Cost 00:16 The CARD Act Cap 00:31 The Most Common Fee 00:47 Total Late Fees Collected 01:02 Worse Than Late Fees? 01:18 Average APR 22.8% 01:33 Foreign Transaction Fees 01:49 Vacation Surprise 02:03 The Sneaky Fee 02:18 Annual Fees: Worth It? 02:33 Perks Offset Cost 02:49 Predictable Cost 03:03 Penalty APRs: The Long Tail 03:19 Penalty APR Duration 03:35 Avoid the Spiral 03:51 $150 Fee on $5,000 Transfer 04:07 One Fee You Can Skip 04:23 Avoid the Pain 04:38 Avoid the Pain 04:53 Interest Compounding 05:07 Fee vs. Savings 05:21 Over-Limit Fee Opt-In 05:36 Fee vs. Perks 05:51 Cash Advance Pain 06:05 Autopay Saves 06:19 Smart Moves 06:35 Over-Limit Opt-In 06:51 Fee vs. Savings 07:07 Foreign Fee Impact 07:23 Autopay Saves Sources & further reading: • Consumer Financial Protection Bureau (CFPB) - Credit Card Late Fee Rule — https://www.consumerfinance.gov/rules-policy/credit-card-late-fees/ • Federal Reserve - Consumer Credit - G.19 — https://www.federalreserve.gov/releases/g19/current/ • Pew Charitable Trusts - The Plastic Safety Net — https://www.pewtrusts.org/en/research-and-analysis/reports/2022/10/the-plastic-safety-net • Bankrate - Credit Card Fee Survey — https://www.bankrate.com/finance/credit-cards/credit-card-fee-survey/ • NerdWallet - Guide to Credit Card Annual Fees — https://www.nerdwallet.com/article/credit-cards/credit-card-annual-fees • Credit CARD Act of 2009 (Public Law 111-24) — https://www.congress.gov/111/plaws/publ24/PLAW-111publ24.pdf

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