Accepting Credit Cards
Credit and Debit Cards

Why do credit card companies charge a monthly membership fee?


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2005-03-23 15:13:20
2005-03-23 15:13:20

Basically it is to pay business expenses. The cost of keeping track of the account, billing statements, postage, customer service expenses,and so forth. Every business includes costs of operation to whatever merchandize or services that are provided.


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A basic Second Life account does not require any credit card details or payment information. Premium membership does however incur a monthly charge.

No, if you buy something, it will charge it to your credit card.

Although Poptropica is free to play, there is a paid monthly membership that provides benefits for a monthly fee. Parents or adults can use their credit cards to buy credits, gift cards, and memberships at the Poptropica store.

Pay more than your monthly minimum. Credit companies watch that.

Credit Card companies issue terms concerning interest rates, that the user must agree to as part of the condition of being offered credit by the issuing company. If a user pays only the monthly minimum amount, required by the issuing company, the issuing company can charge a monthly interest rate that has nothing to do with the actual amount of credit used by the user. Issuing companies can also charge an Annual interest rate. In addition to interest rates, credit issuing companies can sell a debt to a Debt Collection Agency, if the user defaults on a pre-determined amount of payments. It is actually more lucrative for a Credit issuing company if a user does not pay their balance in total and only makes the minimum monthly payments

Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.

There is no way to have paid monthly membership without an adult registration of a credit card for the cost involved, or by using a prepaid Poptropica gift card.

Yes Credit cards have an interest charge that applies to your monthly balance as well as a monthly fee for having a card . Credit cards are vwery expensive . You are better off only using cash .

Free Credit Score and Experian are the two main companies that provide credit scores. However, beware of free trials with the companies. They are often difficult to cancel and could charge your credit card.

For membership in the Wine of the Month Club a person must be over the age of 21 and provide a from of payment to the club for the monthly purchase such as a credit card.

Yes. But cards are not sold in their area, so you'd have to pay for a monthly fee with a credit card.

They can get profit to those who are in need of financial assistance and those who do not update their monthly due payments, where finance charge will be charge to the card holders. +++ Put more simply, they collect the interest on the loans. Each time you use a credit-card you are buying the goods or services by loan. Although credit-card companies do not levy interest on 100% repayments within one month, they do so on any debt carried beyond that.

No. Cell phone companies do not report monthly payments to the credit bureau. They only check your credit for worthiness.

Many smaller companies inquire into credit, but they do not report credit on a monthly basis. On a single-bureau credit report, you'll see the companies that have made a credit inquiry using that particular credit bureau: Experian, Equifax, or Trans Union. (A 3 bureau merged credit report is more appropriate if you want to see companies who have inquired into your credit from all three credit bureaus.)

Free credit checking can be obtained through companies such as FreeCreditReport, and CreditKarma. Another option is monthly trial offers from Equifax, TransUnion, and Experian.

It's a basic process in which one gives the company their credit card information and depending on the type of plan you get, they charge you monthly.

"No, most reputable credit counselors do not charge a fee. Instead they look at your debts, monthly payments, and income and help you make a budget that will allow you to get back on you feet."

Credit card companies charge companies a sale percentage of the purchase price on every credit card purchase. Often smaller companies will not accept credit cards to avoid these charges, whereas bigger companies will pay them to open up to more potential business.

Auto insurance companies do not chrge you on the status of your credit report. They only look at your driving history.

Merchant Total ... it is a monthly charge from your credit card processor for running Mastercard/Visa transactions.

Yes; the credit card companies charge the merchants in order to receive payments from them. In some cases (usually at small businesses or ones that do not do a lot of business monthly) the merchants can charge a small fee associated with using the credit card, or set a minimum amount to avoid the fee i.e. any purchase under $5 gets charged a fee, anything above that amount doesn't.

The companies are Tran Union,Experian and Equifax.You can get your credit score for all three companies on the web.Some companies do charge a fee for their services.You can also send a request in the mail for r you credit scores for free once a year.

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