Credit Card No Annual Fee

Credit card companies charge various fees for credit card usage. These fees are important for the consumer as they increase the ownership costs of the credit card. Knowing these important fees types will help a consumer choose the right credit card in a better way. The most important fees associated with credit cards are:

1. Annual fees

Fees charged by credit card companies to use the credit card. This fees is charge on an annual basis and is charged just for keeping the credit card. Example an annual fee of 45$ per year.

2. Late Payment fee

When a credit card holder is not able to repay his monthly balance on time a late payment fee is charged. This fee is not charged if you repay even the monthly minimum, but if you miss an installment get ready to pay the late payment fees. Example: Based on your balance on the late fee posting date - $15 if $100 or less; $29 if between $100.01 and $250; $39 if over $250.

3. Over-the-credit-limit fee

Every credit card issued has a credit limit associated with it. If you draw more than your credit limit from your credit card over the limit credit fee is charged. Example :Based on your balance as of the day the fee is assessed - $15 if $500 or less; $29 if between $500.01 and $1000; $39 if over $1000.

4. Cash Advance fee

When you take out cash advance with your credit card a cash advance fee is charged. This is generally a percentage of the amount taken as cash advance. The credit card company can also fix a minimum amount of sum that will be charged with every cash advance. Example: 3% min $10.00

5. Balance Transfer Fee

When a credit card holder transfers his balances from one credit card to another this balance transfer fees is charged by the credit card company. This fees is generally a percentage of the amount for which balance transfer is desired. The credit card companies can fix a certain amount as the minimum fees for balance transfer. Example 3% (min $10)

1. Cash back credit cards
Want to earn cash as you spend? The Blue Cash from American Express® gives Up to 5% Cash Back with Unlimited Cash Rewards and offer to Earn unlimited cash back.

2. Credit Card with Cash Rebates
Amex Blue Cash for Business gives Up to 5% cash rebate, Platinum Business Cash Rebate Card from OPEN: The Small Business NetworkSM gives Up to 5% cash rebate on purchases and no cash back limit.

3. No Annual Fee Credit Cards
Platinum Business Cash Rebate Card from OPEN(SM) The Small Business Team gives No annual fee, The IN:NYC® Card from American Express also comes with No annual fee, Blue from American Express® has No Annual Fee with Low Balance Transfer APR - 4.99% Fixed APR for the life of the balance -- especially good if you want to transfer your balances.

4. Fee free Cards
American Express Preferred Rewards® Gold Card is First Year Fee-Free with Online Fraud Protection Guarantee, Blue from American Express® has Fee-Free Rewards Program, Platinum Business Credit Card from OPENSM The Small Business Team has an Option to Enroll in Fee-Free Rewards Program, the Business Green Rewards Card from OPEN: The Small Business Network(SM) is also Fee-free for the first year - a $95 savings, The American Express Prefered Rewards® Green Card is First Year Fee-Free with Many other travel and shopping benefits. The Starwood Preferred Guest® Credit Card from American Express is First year fee-free and only $30 thereafter it also comes with -- Earn 10,000 Starpoints® with your first purchase offer, enough for up to 3 free nights. The Gold Delta SkyMiles® Business Credit Card from OPENSM the small business team is also First Year Free, plus 15,000 SkyMiles with your first purchase, The Business Gold Reward Card from OPENSM the small business team SM has No finance charges.

5. Credit cards with 0% Intro APR
Blue Cash from American Express® has 0% Intro APR for 6 months, the Amex Blue Cash for Business has 0% APR during your first 6 months, Blue from American Express® has 0% APR for up to 15 months, Platinum Business Credit Card from OPENSM The Small Business Team offers 0% Intro APR for Purchases along with the option to Pay Over Time or In Full,Blue Sky® Credit Card has No annual fee and a 0.00% intro APR, The IN:NYC® Card from American Express has 0% Introductory APR for 6 months on purchases and balance transfers.

This information will definitely help you save more on your next American Express credit card.