 TITLE: What to Consider When Choosing a New Credit Card CONTENT: 3\\. Fees\n--------\nCredit card fees can impact your cost for using the card even if you never pay interest. Some of the most important fees to consider are:\n*   **Annual fee:** An annual fee isn't necessarily a bad thing, but it can definitely impact the value you get from a credit card. There are plenty of good options that don't require an annual fee, including some of the best credit cards for beginners, such as the Capital One Platinum Credit Card. When looking at a card that has an annual fee, consider the benefits that come with the card. Premium cards like the Chase Sapphire Reserve® may have a high annual fee, but they can also offer benefits that more than outweigh the cost. If you think you'll end up taking full advantage of the card's benefits, it may well be worth paying the annual fee.\n*   **Balance transfer fee:** Balance transfer fees are often around 3% to 5% and can apply to every balance transfer. You may be able to save money by finding a card that charges a lower balance transfer fee.\n*   **Late fee:** Card issuers may charge a late payment fee if you don't make the minimum payment by the due date. There are a few cards that don't have late payment fees. But you can also avoid accidentally getting charged the fee by setting up autopay for at least the minimum payment amount.\n*   **Foreign transaction fee:** A foreign transaction fee may apply when making purchases outside the U.S. or shopping online if the purchase isn't in U.S. dollars. It's often around 3%, but there are also many credit cards, including many travel cards, that don't have this fee. END