2. Credit card with refund guarantees (CCRP): The credit card companies make a lot of money from you when using their cards. But wait they want to do something else. Only in the event of dying or losing their job that provides credit card protection for a monthly fee. These are usually more expensive. Most credit card companies make a fortune with these policies as most people do not understand how these fees are calculated so you do not know that there is a real value. What many people are buying is the piece of mind.

3. Fines: If you do not pay on time will be charged a late payment penalty. These vary depending on your credit card company. The best way to prevent this from happening is the creation of a direct debit. You get charged for exceeding your credit limit.

Again this is a very clever way for the credit card companies to make money with us. Most of us slip without even knowing it and a load of 25 pounds is quite easy to go unnoticed in our statements. Be diligent and do not give the card companies any excuse to make these accusations. 4. Protection Plans: This is another money-making machine juicy for card companies. For an annual fee get your credit card protection in the event of them stolen, lost or used fraudulently. Most credit card companies usually do not charge for it and we will refund the money to fraudulent transactions. I suggest getting this. 5. Credit Limit Increase: You had a credit limit of 3,000 and have been diligently paying off your card every month and suddenly your new credit card says you have a credit limit of 10,000. You probably did not ask for the increase but hey they gave it to you anyway. Psychologically this makes you think they have more money to spend, but it is actually a sneaky way to get to spend more money on your card. If you do not need to ask your credit card company to remove the limit again. 6. Foreign transaction charges which are usually quite comfortable using your credit card abroad on holiday or business trip. No need to carry large sums of foreign currency with you. But wait? .. You are charged for the privilege, not (surprised I'm sure). You will be charged a commission depending on the amount spent abroad that can range from 3% to 5%. 7. Cash withdrawal fees: Not much new here. If you withdraw money from an ATM with a credit card will be charged for the privilege. Remember that nothing slips through. The card companies may charge in the region of 3% of the amount extracted and the bad news as if this were not bad enough, will not benefit from any promotional 0% introductory offers that are currently running on your card. As you can see credit card companies make more money from us that in most cases are aware. Be smart and remember all these crucial aspects when using your credit card. You can be one of the few to the limits of the credit card companies only make the minimum you. Grant Marwick is a freelance writer and owner of where you'll find tips and more articles on credit cards Low Interest