The credit card has been a wonderful invention for a lot of individuals for a long period of time, some people even use their credit card account as their main account where their salary is deposited and all their debit orders are taken off, simply because the rates on a credit card are generally lower than a cheque or savings account and credit cards are accepted almost everywhere for purchases of anything!
Photo Credit: The Sydney Morning Herald
Unfortunately the credit card companies have a few devious ways of taking more of your money for a variety of charges than allowing you to manage your money effectively and try and save something each month. The article on Investopedia lists five ways that credit card companies charge you for services which land up costing you a lot more than you expect.