Annual fee
Credit cards require an annual fee. This is the amount you pay for you to own and use 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
Make sure you pay your credit card bills on time. Late payments may affect your credit standing and make it harder for you to get credit in the future. You may also be charged a late fee if you don't pay the card company by the due date. One convenient way of card payment is to arrange for an automatic debit arrangement with the issuer, if you are maintaining a savings or checking account with the same bank. A good number of credit card companies also offer online payment options. Payments made this way are usually posted to your account within 24 hours, if not on real time.