An article explaining basic terms from credit card applications.Transaction Fee - Credit card issuers usually charge a fee for transactions other than purchases, such as cash advances and balance transfers, though they sometimes waive these fees for new cardholders as part of their introductory offer. The fee amount is usually calculated as a percentage of the transaction, though a minimum fee applies. Some issuers cap the fee at a certain dollar amount, but those are now few and far between.
Full Article At: Basic Credit Card Terms and What They Mean to You - Part I