Describe at least four costs associated with the use of a credit card that would affect your personal finance.

Finance fees, surcharges, card fees and convenience fees are the four costs involved with credit cards

Explanation:

Finance fees are the interest which every individual owes when he carries many dollars of debt which is unpaid beyond the grace period. Card fees are the charge which every individual has to pay when he applies for the purchase of the credit card. Some credit card providers may waive the card fees when they maintain minimum balance and no debts in their account.

Convenience fees are the charge which is levied when a n amount is paid using the credit card in order to pay taxes and renew the vehicles. This fee is normally paid to the agency which in turn pays to the third party service provider. Surcharges are the small amount which is levied on the customers when services are utilized by them. Generally, these retailers may avoid levying these charges as it would upset the customers and their good terms with them.