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Credit Card Interest Rates & Fees FAQs

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What's an annual fee?

An annual fee is the yearly fee charged for some credit card products. Visit Better Money Habits for more information about choosing the right card for you.

What's an annual percentage rate (APR)?
What's a balance transfer fee?
What's a late fee?
What's a transaction fee?
What's an interest charge, and when does it occur?
What's a periodic rate?
What's the Prime Rate?
What's a cash advance fee?
What are the fees charged in a foreign country?
What's a checkout fee, and when and how does it get charged to me?
Who is charging me this checkout fee, Bank of America or the merchant?
How much will I be charged?
Which states restrict or prohibit adding surcharges to credit card transactions?
Why was I charged a checkout fee when I reside in a no-surcharge state?
How will I know before I buy something if the merchant charges this fee?
Will the checkout fee be listed on the receipt?
What if I am charged too much, or my merchant didn't disclose its fee policy?

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