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Showing posts with the label amda charge

AMDA charge on credit card: what it is and how to avoid it

Are you wondering what an AMDA charge is on your credit card statement?  If so, you've come to the right place. In this blog post, we'll discuss what an AMDA charge is, why it appears on your credit card statement, and how to avoid it. We'll also cover other important information you should know about this charge. By the end of this post, you'll have a better understanding of AMDA charges and how to prevent them from appearing on your statement. What is the AMDA charge? The AMDA charge is a fee that is imposed on consumers for using their credit card for certain types of purchases. This fee can be as high as 5% or more of the total purchase amount. It is commonly charged for online purchases, travel-related expenses, car rentals, and other services. The acronym AMDA stands for Access Merchant Discount Account. This fee is imposed by the card issuer to cover the costs associated with processing the transactions. It is also used to recover some of the losses incurred when