Credit Card Charges
Credit Card Charges
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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
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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.
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Archived. Disclaimer All credit card APRs, features, charges, benefits and other information listed by Fair Investment Company Ltd represent the most recent information available at the time of writing. Every effort is made to keep the site accurate, however we cannot guarantee that a credit card issuer has not increased or decreased one or more of the APRs or fees/charges associated with a particular card or changed its features, obligations or benefits. Please be sure to read the credit card agreement fully and carefully before making any agreement.