1. Annual Fees:

Charged for the privilege of using the card.

Can range from zero to a significant amount, depending on the card and its features.

There's no annual fee for first 5 years and then 0.50% of credit limit.

2. Interest Charges:

Applied when you don't pay your full balance by the due date.

Calculated as a percentage of the outstanding balance, often referred to as the Annual Percentage Rate (APR).

Interested charges are 3% per annum

3. Late Payment Fees:

Charged when you fail to make at least the minimum payment by the due date.

Typically a fixed amount, but can be higher if you have a history of late payments.

Late payment fee is fixed at £5 per month for every late fee.

4. Over-limit Fees:

Charged when you spend more than your credit limit.

Can be a percentage of the overspent amount or a fixed fee.

Over-limit fee can be 2-7% per annum

5. Cash Advance Fees:

Charged when you withdraw cash using your credit card.

Can be a percentage of the cash advance amount or a flat fee.

The fee on cash withdrawal is 2% of fixed amount every month.

6. Foreign Transaction Fees:

Charged when you make purchases in a currency other than your card's currency.

Typically a percentage of the transaction amount. Which is 1.5% of transaction.

7. Balance Transfer Fees:

Charged when you transfer a balance from one credit card to another.

Can be a percentage of the transferred balance.

There's no balance transfer fee

8. Other Fees:

There is not charges for returned checks, statement copies, or expedited payments.

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