cash advance fees
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For sure everyone has come across some outrageous fee one day or another, which emerged out of an ordinary transaction. You may have overdrawn your account a bit and got $30 charge, or see a “resort fee” of about $50 per day while being on a vacation.

It’s almost impossible to avoid these fees completely, but with some forethought lots of them can be eluded.

Cash-Advance Fees

For receiving cash with your credit card you may pay 4 to 40% of the deal and the interest grows immediately, usually with a minimum rate of 20%. Such fees are often charged for getting cash through the ATM or bank clerk, however they can emerge even when transferring means from credit card to checking account.

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How to avoid:

Consider getting cash from alternative sources like a trustworthy online lending service.

Car Rental Insurance

If you often rent cars, you should be familiar with CDW (collision damage waiver), the insurance covering the rental car damage, if any. It often costs between 20$-30$ and almost doubles you auto bargain

How to avoid:

In most cases CDW can be skipped due to your personal auto insurance policy. It insures the damage of a rental vehicle to the same limit as of your own car. Additionally, credit cards often have the option of damage reimbursement to the rented auto if it’s not presupposed by your personal policy. You should remember to reserve and to pay for the vehicle with the card.

Car Rental Extras

Car charges may entail a number of other fees like the ones for GPS (about $13 a day),for a car seat for a child (about $11 a day) or for smoking, a fee of several hundred may be charged from you in case the cleaning crew notices smoke on the covers.

How to avoid:

Don’t hesitate to use your own devices, like CPS or E-ZPass, check if the latter requires registering.

Hotel: Cancellation and Check-In

Changing plans the last moment can cost you a penalty equal to one night’s stay for cancellation. To check in early or to checkout late you may be charged more than 20 dollars at times. Luggage storage can also cost you a certain amount.

How to avoid:

Always read the cancelling regulations carefully and the small print, it may be quite reasonable to pay a bit more for the room getting flexibility in return. Some hotels offer such options.

Having a solid reason for the late check out like a flight delay for instance, you may demand waiving the fee.

Annual Credit-Card Fees

The annual fees range from 50$ to 100$ and more, but the charge is only worth it if the card provides proper benefits, like cash-back rewards or miles.

How to avoid:

Choose cards without a fee, refuse from the cards charging you, but not bringing benefit any more. Try to transfer your account so that the date of the initial account opening would be maintained, as the average account age matters for your credit rating.

Overdraft Fees

Having given permission to the bank to cover your overdrafts, you may lose 30$ every time you overdraw, even when it’s due to automatic payments, draining your account just for several days.

How to avoid:

Link your checking and savings accounts, so that means could be withdrawn from the saving account in case of exceeding the checking balance. You may get 10-13$ in fees, still certain banks do it for free. If you fail to have savings, keep in mind that installment loans suit people with bad credit even and you can rely on them in case of need.

Ticket Service Charge

Buying a concert ticket through a third party, you often have to cover service and convenience charges, inflating the total cost of the ticket, sometimes almost 2 times.

How to avoid:

Purchase tickets at the box office, pick them up at the box office if ordering online. Print tickets at home or flash them on your mobile.