In recent years Europeans have made increasing use of credit cards, a bank tool whose costs are not low but on the other hand can be relatively content with some precautions. There are three major mistakes to avoid.
1. Do not withdraw money with your credit card as you do with the ATM. The Committee on cash advance can tap up to 4%.
2. Avoid as much as possible to withdraw money abroad in foreign currency. The currency conversion fee is 1.5%, but that is to be added to the previous Committee on cash advance of an average of 3.9% , coming to an exaggerated 5.4%.
3. Avoid the repayments in installments or those with revolving cards. The annual percentage rate applied to the repayments in installments ranges from 19 to 25%!
There are then two other thorny chapters. Using credit cards for payment of the foreign accounts in countries outside the euro. This is for the same reason we mentioned above, the Board of currency conversion. Using credit cards for online purchases. Pay attention especially to the purchase of travel, airline tickets and e-commerce sites. You are often prompted a surcharge that is revealed only at the end of the long path of purchase. The practice has been illegal since 2010 and many operators have repented but other important sites continue to apply this despite everything.