The Complete Guide To-Credit Card Surcharge!

 When you use your credit card to make a purchase, you may be charged a surcharge by the merchant. This surcharge is also known as a credit card convenience fee.


The amount of the surcharge varies by merchant, but it is typically around 3% of the total purchase price. For example, if you use your credit card to buy a $100 item from a merchant that charges a 3% surcharge, you will be charged an additional $3.


Some merchants do not charge a surcharge for credit card purchases, while others only charge a surcharge for certain types of credit cards. For example, some merchants may only charge a surcharge for American Express cards.


If you are unsure whether or not a merchant charges a surcharge, you can always ask before making your purchase.


Some credit card companies also charge their own surcharges, in addition to any surcharges charged by the merchant. These surcharges are typically around 1% of the total purchase price. For example, if you use your credit card to buy a $100 item from a merchant that charges a 3% surcharge and your credit card company charges a 1% surcharge, you will be charged a total of 4% in surcharges.


Surcharges are sometimes confused with credit card fees, but they are two different things. Credit card fees are charges that are assessed by the credit card company, such as annual fees, late payment fees, and cash advance fees. Surcharges are charges assessed by the merchant.


If you are ever charged a surcharge that you believe is unfair, you can dispute the charge with your credit card company. You may also want to file a complaint with the Federal Trade Commission.


The best way to avoid paying surcharges is to use a credit card that does not charge them. Unfortunately, not all credit cards are created equal and some do charge surcharges. If you are unsure whether or not your credit card charges surcharges, you can check with your credit card company or read the terms and conditions of your credit card agreement.


Some credit cards that do not charge surcharges include:


Capital One Venture Rewards Credit Card


Chase Sapphire Preferred Card


Citi Prestige Card


Gold Delta SkyMiles Credit Card from American Express


Platinum Delta SkyMiles Credit Card from American Express


If you frequently use your credit card to make purchases, you may want to consider getting a card that does not charge surcharges. This will save you money in the long run and help you avoid any unwanted charges.

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