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Credit cards often have a bad reputation for charging high fees and writing far too many details between the lines. However, your credit score and a bit of knowledge on the best credit cards available now can score you a great deal. (more…)

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Everybody has a credit card, and everybody knows the basics of how it works. But there are a few lesser known facts that could cause you problems. They’re not secrets, as such – they’re public knowledge, often found in the small print of your credit card contract – but they’re facts that you should be aware of to avoid getting into trouble with your credit card.

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Recent tips at CNN Money about the surprise fees on your credit card had a few reminders of other ways your credit card debt can mount up. Luckily, they also provide a few tips on how we can either avoid or minimize some of these costs.

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It’s bad enough if you end up in some financial difficulties yourself and harm your credit rating, but if someone steals your identity and you end up with a bad credit rating without doing anything yourself, that can be very annoying and extremely inconvenient. Not only that, it’s becoming increasingly common, as we leave details of our identities in more and more places. (more…)

You’re on vacation abroad and enjoying lazy days on a tropical beach, shopping for souvenirs and eating some of the local cuisine. It’s very convenient to cover these costs using your credit card - no need to convert cash to the local currency or try to work out foreign bank machines.

You might be in for a shock when you get back home and read your next credit card statement. Your credit card provider is probably charging you a “foreign currency conversion fee” of up to 3%, and sometimes another “transaction fee” on top of that. Additionally, some overseas merchants will charge you up to 6% to convert the cost into US$ before they charge it to your card.
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