The Learning Center
Terms that begin with P
Penalty fees are fees charged by credit card companies for not following the terms or your card agreement. A common practice among credit card issuers is they generally encourage good financial behavior by penalizing bad behavior. You can expect to be charged for things like going over your limit, making late payments, and bouncing checks. Be aware that these penalty fees can be very excessive and can add up fast.
Copyright © 2002-2018
Best Credit Card Reviews
* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.