What types of fees can low interest cards have?

Low APR cards and fees

When you are comparing various low APR credit card offers you need to look beyond the interest rate to figure out if the card is actually a good deal.

Be certain that a low interest rate doesn’t come along with extra fees. You should be able to get a good sense of the fees attached to a card by looking at the terms and conditions of the account, which should be listed along with the application.

If you are applying online, the terms and conditions will be linked to the application with something that says "Click for information" or "Terms & Conditions." If you are applying using a paper application, the terms and conditions will be listed either on the back of the application or as a supplemental insert.

Here are some things to look for: Annual fees, application fees, maintenance fees, over-the-limit fees, late fees and balance transfer fees.

It isn’t that these fees are bad or unnecessary, but you should not be paying a ton of money out to a credit card company just for the privilege of carrying one of their cards. This is why you need to look beyond the interest rate of a credit card and dig deeper to find the additional costs associated with the account.