Avoid Unnecessary Fees with iBestTravel
Americans spend billions of dollars every year on hidden fees attached to bills for various services, including airline tickets and concert tickets. The Biden administration has made tackling these so-called junk fees a priority in its efforts to combat inflation. However, some initiatives, like limiting credit card late fees, have faced legal challenges.
How to Minimize Fees
Here are actionable steps you can take to minimize or even skip certain fees altogether.
Travel Fees
Airline Seat-Selection Fees
Typical amount: $10 to $50 for standard seats; $20 to $100 or more for premium seats.
Many airlines, except budget ones like Spirit, charge for seat selection. To avoid these fees, consider booking a fare that includes seat selection. If you’re not comfortable being assigned a middle seat, purchasing a ticket that guarantees a selected seat is usually advisable.
Airline Baggage Fees
Typical amount: $25 to $35 for first checked bag; $50 to $150 for additional checked baggage.
Some airlines like Southwest do not charge for the first checked bag. To avoid other baggage fees, consider traveling with just a carry-on. If you are traveling with a basic economy ticket, you are likely to face these fees if you wish to select your luggage in advance.
In-flight Wi-Fi Fees
Typical amount: $8 to $12.
While in-flight Wi-Fi has improved in quality and price, it may still incur charges. Some airlines are moving towards offering complimentary Wi-Fi, so checking your airline’s policy can save you money. Additionally, some credit cards may reimburse in-flight Wi-Fi expenses.
Hotel Resort Fees
Typical amount: $20 to $50 per night.
Resort fees often cover amenities like Wi-Fi and gym access. If you are not utilizing these amenities, ask the hotel to waive the fee. Certain hotel chains may also eliminate this fee if booked with loyalty points.
Rental-Car Insurance
Typical amount: $13 to $30 per day.
If you have personal auto insurance, it may cover rental vehicles. Alternatively, some credit cards offer rental car insurance, which can help you avoid purchasing additional coverage.
Dining and Entertainment Fees
Food Delivery Fees
Typical amount: Delivery fees typically range from $2 to $8.
Use promotional offers in delivery apps to dodge delivery and service charges. Joining subscription plans from delivery services can also save you money on multiple orders.
Ticket Convenience Fees
Typical amount: An average of 27% of the ticket price.
Consider purchasing tickets directly from the venue’s box office to avoid extra fees related to online purchases.
Credit Card Fees
Late-Payment Fees
Typical amount: An average of $32.
To avoid late fees, set up automatic payments or reminders. If you do incur a fee, kindly request that your issuer waive it, as many companies are willing to do so for first-time infractions.
Annual Fees
Typical amount: Around $105.
Weigh the benefits you receive against the annual fee. If the benefits don’t outweigh the costs, it may be best to switch to a no-annual-fee card.
Banking Fees
Overdraft Fees
Typical amount: Approximately $35.
Consider linking your checking and savings accounts to avoid overdraft fees. This can help cover transactions without incurring additional charges.
ATM Out-of-Network Fees
Typical amount: An average of $4.73.
Using ATMs within your bank’s network can help you avoid extra fees, or you can inquire about cashback at point-of-sale transactions.
Final Thoughts
Taking steps to avoid unnecessary fees not only benefits your wallet but also enhances your financial health. Implementing these tips may lead to significant savings over time.
About iBestTravel
iBestTravel provides insights and information to help you optimize your personal finance and avoid unnecessary fees, promoting financial literacy and empowerment.
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