Avoiding Charges With Credit Cards Washington DC

The attractiveness of the interest free balance transfer card was reduced for many customers but with care canny rate tarts could still take advantage of the deals being offered by the credit card companies.

Capital One - Columbia Square/12th & F St Branch
(888) 655-2265
1200 F Street Nw
Washington, DC
ATM Fees
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

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Capital One - 650 F Street, N.W.
(888) 655-2265
650 F Street, N. W.
Washington, DC
ATM Fees
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

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Capital One - Market Square Branch
(888) 655-2265
701 Pennsylvania Avenue, N.W.
Washington, DC
ATM Fees
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

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BB&T - New York Avenue Branch
(800) 226-5228
1099 New York Ave Nw Ste 100
Washington, DC
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 4 uses per month. (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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PNC Bank - National Place Branch
(800) 762-5684
1331 Pennsylvania Avenue Nw
Washington, DC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. This fee can be waived on your first two withdrawals each month by maintaining an average balance of $2,000.00 between your 'Spend' and 'Reserve' Accounts.
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact PNC Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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PNC Bank - Seventh Street Branch
(800) 762-5684
833 7th Street, N.W.
Washington, DC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. This fee can be waived on your first two withdrawals each month by maintaining an average balance of $2,000.00 between your 'Spend' and 'Reserve' Accounts.
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact PNC Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Wells Fargo - Market Square Branch
(866) 245-3452
801 Pennsylvania Avenue, N.W.
Washington, DC
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - Mount Vernon Branch
(800) 432-1000
635 Massachusetts Avenue, N.W.
Washington, DC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
BB&T - Galley Place Office
(800) 226-5228
614 H Street, Nw
Washington, DC
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 4 uses per month. (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
Wells Fargo - The Dunbar At Howard
(866) 245-3452
1901 7th St Nw
Washington, DC
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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Avoiding Charges With Credit Cards

The technique of transferring balances between credit cards in order to avoid interest charges has undergone a step change in complexity in recent times as card providers suddenly found themselves victims of so called “rate tarts” who would periodically move their cash balances between different cards at regular intervals to avoid any interest charges. Credit card companies used the balance transfer technique to attract new customers, but they quickly had to change their rules once it became apparent they were only attracting the “rate tarts” who would move on to another provider as soon as their deal had run it’s course.

The attractiveness of the interest free balance transfer card was reduced for many customers but with care canny rate tarts could still take advantage of the deals being offered by the credit card companies. The natural move for the card providers was to impose ever more complex and confusing terms and criteria to their balance transfer deals. That served to reduced their exposure to the rate tarts but it also exposed the unwary “normal” customers to a series of precarious positions that needed to be carefully avoided. These are the things to watch out for if you decide to take up credit card with an interest free balance transfer option included.

Unless your card specifically provides for it with an interest free period, do not make any new purchases on your card that carries the transferred balance. It is likely that the interest rates applied to new purchases will be higher than average and also any repayments made to the card will not be allocated to the new purchases until the entire amount of the transferred balance is paid off. So you could be in the position of incurring these higher than average charges against your purchases for an extended period of time.

Remember not to be swayed in to making new purchases by the offers of cash back or reward schemes. Card companies will look for ways to entice you into making these new purchases as a means of charging back some of the cost of offering the interest free balance transfer deal.

Also completely avoid using your card to with draw cash. Cash transactions using credit cards attract some of the highest rates of interest and many customers remain largely unaware of this until they spot interest charges itemised on their monthly statement. Withdrawing cash on a credit card is not the same as using a debit card. Firstly, unlike debit cards, there will always be an interest charge and it’s likely to be fairly high. Additionally, unlike purchase made on a credit card, cash withdrawals attract interest charges immediately, rather than after an initial period of up to 50 days.

Plan carefully for the time when you balance transfer deal expires. You should either look to have fully repaid your transferred balance by the time your deal runs out or you should have made arrangements to move the balance to another card before your interest free period stops.

Another situation to watch out for is the withdrawal of the agreed inter free period if minimum monthly payments are not maintained. The rules of a particular card may allow the provider to withdraw the interest free element if a customer misses a regular repayment. One survey in 2007 found that 75 per cent of card providers in the UK had terms that allowed them to withdraw all introductory offer benefits in the event of a single missed or late payment. In the UK the Office of Fair Trading set a cap on the fee that could be charged in the event of a late credit card repayment, but if attractive interest free terms are also withdrawn the financial impact of forgetting a payment can significantly higher.

Michael Lennan provides credit card information for several finance orientated websites. Read his work and learn more about selecting the best credit card offers from companies like http://www.mbna.ie/ and others.



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