What are typical credit card fees?

Question

ClearValue Editorial Team · Accepted Answer

Cards can charge annual fees ($0-$895+), late fees, cash advance fees (typically the greater of ~$10 or 3-5%), foreign transaction fees (1-3%), and balance transfer fees (3-5%). Many cards waive some of these — always read the Schumer Box first. Every fee is disclosed in the standardized Schumer Box that federal law requires on each application. Annual fees run from $0 on basic cards to several hundred dollars on premium ones, sometimes waived the first year. Late fees are capped by regulation, and the exact cap has been the subject of ongoing CFPB rulemaking and litigation — verify the current figure at cfpb.gov rather than relying on a static number. Cash advance and balance transfer fees are usually 3-5% of the amount; cash advances also accrue interest immediately with no grace period. Foreign transaction fees run 1-3% and are waived by many travel cards, and a returned-payment fee applies if a payment bounces. The purchase APR appears in the box too, but it's technically an interest rate rather than a fee.