Are you considering getting a credit card from Amaze Holding Company? In this article, we will discuss the various fees, rates, and policies associated with an Amaze Holding Company credit card charges. We will also provide tips on how to avoid unnecessary charges and manage your credit card usage wisely.
What is the Amaze Holding Company Credit Card?
The Amaze Holding Company credit card, also known as the Amaze debit Mastercard, is a new product that Amaze launched. It offers a unique feature allowing you to transact with zero foreign currency fees on overseas purchases that are not S.G.D. denominated.
Amaze Holding Company is a leading financial institution that offers various financial products and services, including credit cards. Their credit cards come with multiple features and benefits but also charges you must understand and manage.
Annual Fees and Charges
- With the Amaze Holding Company Credit Card, you can put your mind at ease knowing there are no annual fees. This means you won’t be charged yearly for using your credit card.
- You can take advantage of the card’s benefits without any extra costs. Keep in mind that while there are no annual fees, other charges may still apply to the credit card, such as transaction fees, penalty fees, and interest charges.
- Being aware of these charges helps you avoid any unnecessary fees and maintain control over your expenses. Choosing a credit card with no annual fees can be a wise decision for those looking to save money and manage their spending effectively.
Interest Rates and APRs
- The Amaze Holding Company Credit Card offers a variety of interest rates, with annual percentage rates (APRs) ranging from 19% to 29%. The APR represents the total cost of borrowing money, including interest and other charges.
- The interest rate on a credit card is the cost of borrowing money. This rate varies depending on the type of credit card and your creditworthiness.
- The APR for purchases refers to the interest rate charged on credit card purchases, while the APR for cash advances is the interest rate charged on cash advances made with the credit card.
- It’s essential to understand the APR to avoid unnecessary interest charges and fees, helping you make informed decisions about your credit card usage.
| Loan Amount | APR | Monthly Payment (12 months) | Monthly Payment (24 months) | Monthly Payment (36 months) |
|---|---|---|---|---|
| $5,000 | 19% | $458.27 | $245.29 | $178.64 |
| $10,000 | 19% | $916.54 | $490.59 | $357.27 |
| $15,000 | 19% | $1,374.80 | $735.89 | $535.91 |
| $20,000 | 19% | $1,833.07 | $981.18 | $714.54 |
| $25,000 | 19% | $2,291.34 | $1,226.48 | $893.17 |
| $30,000 | 19% | $2,749.60 | $1,471.78 | $1,071.81 |
| $35,000 | 19% | $3,207.87 | $1,717.08 | $1,250.44 |
To calculate your emi and interest per month for a particular amount:- click here
This table shows how the monthly payment and total interest paid change depending on the loan amount and the loan term. Note that the monthly payments are higher for shorter loan terms, but the total interest paid is lower.
It’s important to keep in mind that these numbers are based on a fixed interest rate of 19% APR, and actual rates may vary depending on the credit card issuer and other factors.
Cash Advance Fees and Rates
Amaze Holding Company credit cards charge a cash advance fee of 3% to 5% of the total cash advance. The interest rate for cash advances is usually higher than for purchases, and interest starts accruing immediately.
A cash advance is a loan taken out against your credit card balance. Cash advances comes with higher interest rates and fees than regular purchases.
Late Payment Fees and Penalties
Late payment fees and penalties are charges that you incur when you fail to make the minimum payment by the due date.
Amaze Holding Company credit cards charge a late payment fee of up to $35. If you consistently make late payments, your interest rate may increase, resulting in higher interest charges.
Overlimit Fees
An over-limit fee is a charge you incur when exceeding your credit limit. Amaze Holding Company credit cards do not charge an over-limit fee.
Foreign Transaction Fees
Foreign transaction fees are charges you incur when you purchase in a foreign currency or outside of the United States. Amaze Holding Company credit cards charge a foreign transaction fee of up to 3% of the total purchase amount. It is essential to understand these fees if you plan to use your credit card when traveling abroad.
Balance Transfer Fees
A balance transfer fee is a charge you incur when transferring a balance from one credit card to another. Amaze Holding Company credit cards charge a balance transfer fee of up to 5% of the total transfer amount.
It is important to consider the balance transfer fee when deciding whether to transfer a balance to an Amaze Holding Company credit card.
Benefits of Amaze Holding Company Credit Card
- Low-interest rates: Amaze Holding Company Credit Card has some of the lowest interest rates in the market, the lowest 19.24% – to 29.24% Variable. This means you’ll pay less interest charges if you carry a balance on your card.
- No annual fee: Unlike other credit cards, Amaze Holding Company Credit Card doesn’t charge an annual fee, so you can save money on fees and put more money towards your purchases or paying off your balance.
- Low credit score required: The Amaze Holding Company Credit Card prefers applicants with a credit score of 650 or higher. So, checking your credit score and ensuring it’s in good shape before applying for the card is a good idea.
- Fraud protection: Bank takes the security of your card seriously and provides 24/7 fraud monitoring to help detect and prevent unauthorized use of your card. In case of any fraudulent activity on your card, you won’t be held responsible for any charges you didn’t make.
- Travel and emergency assistance: As a Visa cardholder, you can access Visa’s global customer assistance services, which can help you with emergency travel and medical services, legal referrals, and more.
Types of Amaze Holding Company Credit Cards
- Rewards credit cards: These cards offer rewards such as cashback, points, or miles for every purchase you make.
- Balance transfer credit cards: Struggling to pay off high-interest credit card debt? These cards allow you to transfer your balances to a new card with a lower interest rate, making it easier to pay off your debt.
- Secured credit cards: If you’re new to credit or have a low credit score, these cards can help you build or improve your credit. You provide a security deposit that becomes your credit limit.
- Low-interest credit cards: Carry a balance on your credit card. These cards can help you save money on interest charges and pay off your balance faster.
- Student credit cards: As a student looking to build credit, these cards offer features such as low credit limits, no annual fees, and rewards for good grades.
Credit Score and Eligibility
You must have a good credit score to be eligible for an Amaze Holding Company credit card. Your credit score is a measure of your creditworthiness and is used by lenders to assess your ability to pay back borrowed money. Amaze Holding Company credit cards typically require a credit score of 650 or higher.
To know more about Amaze Holding Company Credit Card Charges:- click here
How to Avoid Amaze Holding Company Credit Card Charges
To avoid Amaze Holding Company Credit Card Charges you must manage your usage wisely. Here are some tips:
- Pay your balance in full and on time monthly to avoid interest charges and late payment fees.
- Avoid cash advances, as they come with high fees and interest rates.
- Stay within your credit limit to avoid over-limit fees and penalties.
- Use your credit card responsibly and only for necessary purchases.
Read how to use credit card wisely: CLICK HERE
How to Manage Amaze Holding Company Credit Card Charges Wisely
Managing your credit card wisely can help you build good credit and avoid unnecessary charges. Here are some tips:
- Make a budget and follow it and avoid overspending.
- Monitor your credit card usage and check your statements regularly to detect unauthorized transactions.
- Use online tools and resources to track your credit score and manage your credit card usage.
- Consider setting up automatic payments to ensure you pay your balance in full and on time every month.
Also read: sauls-investing-discussions
Conclusion
Understanding the fees, rates, and policies associated with an Amaze Holding Company credit card is essential to manage your credit card usage wisely and avoid unnecessary charges. By following the tips provided in this article, you can make the most of your credit card while avoiding unnecessary fees and charges.
FAQs
What charges are associated with the Amaze Holding Company credit card?
The Amaze Holding Company credit card charges 0 annual fee.There are no foreign currency fees or dynamic currency conversion fees. visit website to know more about charges.
What is the interest rate for the Amaze Holding Company credit card?
The interest rate for the Amaze Holding Company credit card is 16% to 26% per annum. visit website to know more about interest charges.
How can I avoid late payment fees on my Amaze Holding Company credit card?
To avoid late payment fees, be sure to make at least the minimum payment by the due date each month.
Can I increase my credit limit on the Amaze Holding Company credit card?
Yes, you can request a credit limit increase on the Amaze Holding Company credit card.
Are there any transaction fees associated with using the Amaze Holding Company credit card?
There are no transaction fees for purchases made with the Amaze Holding Company credit card.
How can I redeem my cashback rewards earned with the Amaze Holding Company credit card?
You can redeem your cashback rewards earned with the Amaze Holding Company credit card through the Amaze mobile app.
Can I use my Amaze Holding Company credit card overseas?
Yes, you can use your Amaze Holding Company credit card overseas without incurring foreign currency fees or dynamic currency conversion fees.
How can I check my Amaze credit card balance and transactions?
You can check your balance and transaction history through the Amaze mobile app or online banking portal.
What happens if I miss a credit card payment?
you may be charged a late fee fine and your credit score may negatively affected If you miss a payment . It's important to make at least the minimum payment on time each month.
What is the foreign transaction fee for Amaze credit cards?
There is no foreign transaction fee for Amaze credit cards, which means you can use your card for purchases overseas without incurring additional charges.
Hi there, I’m shiv singh, a financial advisor at Tata Group with a Master’s degree in Commerce from SRCC – Shri Ram College of Commerce. With over three years of experience in the financial sector, I possess a wealth of knowledge and expertise that I share through my blog posts on FinancialMajestic.com. Join me as I simplify complex financial concepts and empower readers with valuable insights.