Compare Credit Cards »
You may be subject to credit card charges if you go outside the contract that you have with your credit card provider, be it a bank, building society, or any other lender. This could include such things as:
You may also get charged for:
- withdrawing cash from an ATM, which usually incurs a handling fee
- using your card abroad
using your card for purchases under a certain amount, usually £5 or £10 pounds, where the provider of your credit card charges a fee to cover the administration costs of sending you a letter to inform you of the problem.
You can avoid credit card charges by always paying your bill on time, never going over you credit limit, and withdrawing cash from your current account or as cashback from a supermarket etc. It has recently come to light that many credit card charges are unfair, or even illegal, as they are disproportionately higher than the cost incurred by the company.
As a result, many people are now claiming back money owed to them that has been paid in unfair credit card charges. Make sure you read the small print before applying for a credit card, and are aware of any charges that may incur.