Credit Cards – Bankinginfo

expiration date. The interest rate in effectafter the promotion period is disclosedmuch less prominently, i.e. in a smaller fontsize and may only appear on the reverseside of the application or on the last pageof a multi-page promotional material.You should understand the T&C for thepromotion and be aware of when thepromotion period expires as you may becharged the regular or substantiallyhigher fees and charges after the promotionperiod ends.• Finance charges, fees and interest free periodCredit card business generates profits mainlyfrom finance charges. You will be imposedfinance charges if you do not settle youroutstanding balance in full after the interestfree period. However, for cash advance andbalance transfer, you may be charged a fee aswell as finance charges starting from thetransaction date. Pay attention to the fees forcash advance and balance transfer transactions,the finance charges and the interest freeperiod offered by the credit card issuers.7