Archive for the 'trick' Tag
I like to think I'm a very sensible credit card user. I treat my credit card as a charge card. I build up transactions over the month and then pay it all off in one go at the end of the month. I never over extend myself and accordingly, I never stumble upon any of these 12 ways your credit card company is ripping you off.
The £5 Repayment Trick
Most credit card companies set the minimum default payment to the monthly interest plus £5. This makes the repayment charge appear attractively low and a lot of people fall for this. If your debt is so big you can't pay it off in full at the end of the month, come up with a more reasonable repayment schedule that you can afford and ensure it's considerably higher than the minimum repayment.The Negative Payment Order Trick
This is where the … Continue Reading »
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