Credit Card Guide
What Is Copy Charge?
Many companies are trying to find ways to cut down their expenses which has led to a great deal of them moving towards online statements. Obviously, it costs money to print your bill and send it through the mail. Because of this, you could be assessed a copy charge if you want a physical copy of your bill.
Paperless billing is becoming very popular because it is both good for the environment and for the bottom line. Indeed, it on paper waste and printing costs so it saves green in more ways than one. This is why some companies might assess a copy charge if you elect traditional billing.
There are many companies cutting back on paper billing because it is bad for the environment and it costs a lot of money. If you choose to continue receiving traditional physical statements from one of these companies, you may have to pay a copy charge.
When you open a credit card account or opt for a check card with your bank, there are a number of fees that you may have to face during the lifetime of your account. While interest rates are associated strictly to credit cards, there are a variety of fees that are common to credit, debit, and check cards. Of course, fees can vary between companies and depend on the type of card you have, but every card will possess at least a few fees.
Fees are auxiliary charges that are often voluntary, meaning that you may not always have to pay them. Some fees are penalties, like for missing a payment or for charging over your card limit. Other fees are standard, like the annual fee or various maintenance charges. There are many traditional fees that are common to most credit and debit cards. You are probably familiar with many of them:
- Account setup fee / Application fee
- Annual fee
- PIN transaction fee
- Over-the-limit / NSF fee
- Cash advance fee
Of course, there are many more, but this is just an idea of the more common fees that are associated to credit and debit cards.
Obviously, there are many fees that can be assessed to your account, but some of these are far less common. Some credit cards, for instance, charge a fee for balance transfers. Others usually also charge for foreign exchange access. As far as debit cards are concerned, you may also have to pay a fee for things like:
- Internet purchases
- Physical copies of bills
- Account maintenance
Again, there are a handful of fees that could be associated with your card but it depends on the type of card you have as well as the issuing institution of the card.
Many companies have chosen to go green by making your statements available online. This also reduces a number of costs that are associated with printing and sending your bills to your home. Nearly all companies who have the need to send a bill to your home either provide an online option or are in the process of updating their system in order to do it. Again, it makes a gesture towards ecological sensitivity but it really does reduce costs. Reducing costs helps to reduce the amount of fees and other excessive charges that you could pay as well.
A copy charge is one of many simple, optional charges that you could be charged depending on the way you choose to manage your account. If you can handle online statements, you could save some money and do your part to help the environment!
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