British citizenship test & types of information

Like the citizenship test, our credit card information can be difficult to obtain.

08:29 18 June 2013

Many times in life it seems that the information we should know is the least forthcoming. Such is the case with the British citizenship test.
It was recently reported that the test is full of data that British natives may struggle to answer.

It is not just citizenship tests that can make accessing pertinent data difficult, but credit card companies as well. Here are a few suggestions to help you figure out the information you should know.

• Interest rates—this is one of the most important factors when considering a credit card. The trick is that there are typically multiple interest rates that you might qualify for. There might be a regular interest rate, one for defaulting on the terms, one for taking out cash, and sometimes introductory interest rates that expire after a certain amount of time.

 

• Terms—terms and conditions are sometimes tricky to understand, or sometimes even see due to small print, or lengthy ambiguous sentences. If you have a family lawyer, you might want to have them look at the terms so they can explain it you in a way you might prefer regarding your credit card account.

 

• Fees—these may be listed in the terms and conditions of your credit card, but sometimes the terms are listed separately. Beware of unusual fees such as fees assessed if you have not used your credit card in a certain amount of time. These can pop up at unexpected moments and cause financial distress.

 

• Balance transfers—you may get a special introductory rate for balance transfers, but find out how much of a fee (if any) would be charged as well as what interest rate normal purchases would be charged. Find out expiration dates of the introductory offer if possible, and any other applicable information where your credit card is concerned.