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You Are Here: Home > Personal Finance > Credit Cards > FAQ
Credit Card FAQs
Last update : March 2010
Page Summary:
Offers some of the more common questions & answers relating to Credit Cards

General Q&A
What to do if you've got serious Credit card debt?
What does 'variable interest' mean?
Minimum monthly repayments have been lowered from 5% to 2%. Is this good news?
I missed a monthly payment because of an emergency. Can I get refunded?
How can I reduce my monthly interest rate (APR) on my card?

How is my spending limit determined?
What does 'grace period' mean?
How is it possible to spend more than my credit limit?
Can I be fined if I don't tell my Credit Card provider when I move house?
What is the difference between a Credit Card and a Charge Card?

How long to pay off a balance if only the minimum monthly repayment is made
Have the late penalty charges on Credit Cards been lowered?
How do Airmiles Credit Cards work?
What are VISA and Mastercard?
When and why were Credit Cards first introduced?

The different styles of Credit Cards Q&A
What is a Cash Back Credit Card and how does it work?
What are Reward style Credit Cards?
What is an Affinity Credit Card?
What are Football Credit cards and are they worth having?
Are Charity Credit Cards worth having?

Balance transfers Q&A
What is the Golden Rule that cannot be broken when using a 0% Balance transfer Card?
What is a 'life of Balance' Credit Card and are they better than 0% Balance Transfer Cards?
What's the difference between a 0% Balance Transfer Credit Card and a 0% Purchases one?
What does a 'capped fee' mean on a 0% balance transfer card?
With a 0% Balance Transfer Card can I transfer an overdraft that I've got with my Bank?
Is it possible to get a time extension on a 0% Balance Transfer deal?

Credit Card & online fraud Q&A
What is Section 75 and how it protects Credit Card holders
Credit Card Fraud - Your rights and entitlement to compensation
To combat fraud should I call my Card provider before I go on holiday to let them know?
Worried about security and fraud when shopping online? Here's an idea.
Can Credit Card fraud be reduced if the small 3 digits on the back of a Card are hidden?

Using your Card abroad Q&A
How can I get cheaper costs and less fees when I use my Credit card abroad?
What is Dynamic Currency Conversion when using a Credit card abroad?
I'm worried about fraud when I'm on holiday is it a good idea to use Pre Paid Credit Cards.
Are goods/services bought abroad with my Card offered protection under 'Section 75'?
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