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What does reading the fine print reveal?

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What does reading the fine print reveal?

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Reading the fine print really helps you decide whether it is a good or bad idea to go with. Reading the fine print will also help not get scammed.

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A period of time a credit card company gives you to pay your new charges, without having to pay interest on the new balance

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What extra fees and penalties may be charged?

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What extra fees and penalties may be charged?

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Fee for a cash advance in Canada $2

- Fee for a cash advance outside Canada $4

- Fee for a bounced cheque  $25

- Fee for an extra copy of your
monthly statement $2

- Fee for going over your credit limit $20

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What is the credit limit with the particular card?

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What is the credit limit with the particular card?

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It does not state credit limits.

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If you owe less than $200, your minimum monthly payment will be $10.

If you owe over $200, your minimum monthly payment will be 5% of the total amount you owe.

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There is no annual fee for the silver credit card

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The APR does not increase over time.

The interest rate for purchases is 18% per year.

The interest rate for purchases is 12% per year, if you choose to pay an extra fee of $15 per year

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Annual percentage rate is a low rate offered by a credit card company as an incentive to apply for the card but later goes up after the period is over.