So how can I avoid these charges
Well, it’s quite simple really – just make sure you stay within the rules of the game. So don’t take money out on your credit card, use your debit card instead (it’s what it’s there for) and don’t go over your limit.
When it comes to balance transfers, do your homework and check that it’s actually worth your while transferring the debt over to another card bearing in the mind any transfer fees.
Set up a DirectDebit so that the monthly instalments on your credit card are always paid off, on time and in full and make sure you’ve got money in your account to pay for it. There’s nothing worse than being super organised only to discover you spent all your money even before the DirectDebit came out.
Before going abroad it could be a good idea to find a credit card that won’t charge you all the holiday nasties like foreign exchange fees. Try to avoid using your credit card for cash withdrawals. If you’re given a choice of paying in pounds Sterling or the local currency always choose local. Opting for pounds Sterling might sound like the right thing to do, but it means you could fall foul of the dynamic currency exchange which means the exchange rate used won’t be as good as the one your credit card company will give you.