Costs, Fees, and Payment Details

In this section, we explore the costs and fees associated with using Yendo. Understanding these details is crucial for making informed financial decisions.

Overview of Costs and Fees

Yendo offers a fixed interest rate on purchases, which provides predictability in managing expenses. However, it's important to note that while the Mastercard is internationally accepted, it incurs a 3% foreign transaction fee. This makes it a less ideal choice for overseas travel or international transactions.

Additional fees apply to cash advances and balance transfers, similar to other credit cards. Late or returned payments also attract fees, so it's advisable to avoid these transactions unless absolutely necessary.

Payment Terms and Conditions

The minimum payment due each month is either 5% of your balance at the statement's close or $50, whichever is greater. For example, if you make $1,000 in purchases, your minimum payment would be $50. Paying off the full balance by the due date ensures no interest is charged.

It's important to remember that cash withdrawals will incur interest charges on the cash balance.

Considerations for International Transactions

Due to the 3% foreign transaction fee, using this card for international purchases can be costly. It's recommended to consider other options for travel-related expenses.

For more information, you can explore other sections such as Frequently Asked Questions and Comparisons with Other Financial Products.