When you have decided to apply for a credit card, you pay attention and compare several credit card offers. The first thing you pay attention to is the main features of the card and its perks. It's a usual thing. If you'll make up your mind to read all the terms and conditions, it will take about a year to do this.



Still if you apply for a credit card just after looking through the most attractive terms and conditions, it can cause unexpected consequences. So, when you narrowed the range of credit cards available for you, look through the terms and conditions of these cards attentively. It can prevent you from facing surprising troubles after you activate the account.

There are some unexpected facts that you can learn only after you have a look at the fine print:

?No grace period. Even the best credit card deals can have no grace period at all nothing to say about bad credit cards.

?Balance transfer fee. This is a great option for those who want to get rid of their credit card debts. If the card you have chosen offer zero APR during the introductory period, you have a wonderful chance to pay off the debt without any interest rate. But there is one thing that not every cardholder takes into account. Practically every credit card has a balance transfer fee that is between 3% and 5%.

?Interest rate rise. Your credit card company has a right to change your interest rate even if it a fixed APR. But it should notify you beforehand. So, if you read credit card statements, you will be aware of any changes of the terms and conditions.

?Minimum payments. If you have a look at your credit card agreement, there you will see the amount of money you have to pay every month. Your credit lenders don't force you to make large payments, but if you make minimum payments, there are some extra fees that can be charged.

?Default. When you look through the terms and conditions, you will see penalty and default fees that can be charges in certain situations. There are cases when you should be obliged to pay default fee if are late with both credit card and car or house loan payments.

To get more information on every credit card and its features, you are free to visit . So, these are some troubles you can face when you own a credit card. But if you carefully read the terms and conditions, you will be able to avoid them.