Wednesday, June 24, 2009

Articles & Guides - Use abroad

You are charged a fee – generally around 2.75% of the purchase price - every time you use your card abroad (Image © Getty Images)

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

Credit card cheques attract a higher rate of interest (Image © Getty Images)

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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