Credit Card charges have been a much discussed subject over the last few years and one of the key issues raised has been how banks have failed to identify to new customers the actual value of the fees which would be charged if their account went over their overdraft or issued a debit greater than the account balance.

Charges are quite a hidden feature of any bank’s offer of credit and for good reason – they can be very damaging and they vary widely between banks. Below we’ve discussed and compared some of these rates. read more..

Do you apply for credit cards without worrying too much about the interest rates? If you always take advantage of interest free days you might — you would avoid interest payments altogether, regardless of the interest rate. But did you know that you might not always be eligible for interest free days?

Here are some situations where interest free days might not apply, or where you might receive fewer interest free days than expected: read more..

It’s no secret that annual fees and interest rates can cost you a lot of money when using credit cards, but chances are that you’re not fully aware of other fees you may end up paying to your credit card company for what seem like routine transactions. Banks don’t issue credit cards out of the goodness of their hearts. They do it to earn a profit, and fees help them do that. That doesn’t mean you can’t minimise the fees you pay. The best way to do that is to be aware of some of the lesser known fees you might come across.
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If you don’t pay off your entire credit card bill every month, you may be surprised to find out your payments may not be applied in the way you’d like (or even expect).
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Credit card interest rates — is there anything easier for consumers to loathe? We go out of our way to find cards with interest free days (like Citibank’s Clear Credit Card) or low interest rates, but we may still end up paying an arm and a leg in credit card interest if we aren’t careful. Do you ever carry a balance on your credit cards? Even with low interest rates, you may pay more than you think. Find out what credit card interest really costs you by looking at some examples: read more..