Mellody Hobson: Credit Card Fine Print
To Avoid Extra Fees, It's Crucial to Familiarize Yourself With Your Credit Card
April 21, 2005 — -- According to the non-profit consumer group Consumer Action, credit card fees cost cardholders about $13 billion every year. All of these fees can be found in your card agreement's fine print, which many people overlook until it's too late. Here is a quick guide to some of those finely printed fees that can really add up:
The Fees
What You Can Do:
Mellody Hobson, president of Ariel Capital Management (arielmutualfunds.com) in Chicago, is "Good Morning America's" personal finance expert. Ariel associates Matthew Yale and Aimee Daley contributed to this report.