Some credit cards may require an annual fee. This is the yearly cost of owning a credit card. The annual fee may be posted to your balance when you open the account and added each year on the anniversary of your account opening.
Late Fees Late fees are charged when you fail to pay the minimum payment due by its due date. To be sure your payment arrives on time, mail it at least five to 7 days before it is due. Many credit card companies offer online payments through your checking account. This option is generally much faster than traditional mail and usually posts to your account within 24 hours.
Remember, late fees are avoidable and late payments can harm your credit history, making it harder for you to get credit in the future.
Companies may charge a fee if your balance exceeds your credit limit. You may also be charged fees for returned checks, returned cash advance checks or stop-payment requests.
Account management tools
Most fees, such as late and over-the-limit fees, can be avoided. To help manage your credit card accounts, ask your issuer if they offer the following tools:
- Automatic alerts notify you about important account activity such as due date, current balance or payment notifications. Have friendly reminders about your Citi credit card account sent to your email inbox or phone. Sign on to www.citicards.com and click on "Set or Change Alert Preferences" under "Account Profile" to set up your alerts.
- Call us to learn more about customizing your Citi credit card statement due date.
- Enroll in Citi's AutoPay service to automatically pay your Citi credit card bill from a linked bank account.