Your credit card is your flexible friend on holiday, the adverts say, accepted in thousands of shops around the globe. What they don't tell you is that you are charged a fee – generally around 2.75% of the purchase price - every time you use your card abroad. Think 2.75% isn’t much to pay for convenience? Banks made £650 million last year from unsuspecting Brits using their cards abroad.
Articles & Guides - Credit card Cheques
Have you ever asked to be sent a credit card cheque? Credit card companies routinely send them to customers to encourage further spending. That seems very generous, but what’s not immediately apparent is that credit card cheques attract a higher rate of interest and – as with cash withdrawals – this interest is charged from the day the cheque is cashed.
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