For ultimate procrastinator who will wait until last minute and pay online. Once again credit card companies will most likely make you pay for that convince. I have seen anywhere from $1 to $15 just to make your payment online.

This one is my favorite one and it took me awhile to figure this one out, because like you I really just didn't pay attention. And man did they make me pay for it too. Some credit card companies offer cash advances. You really have to think to yourself "How good of a deal is it really going to be?" after all they already charge 15%-18% or higher!

Why is it such a bad deal?

I'm glad you asked.

In most cases when you use your credit card to withdraw cash more fee kick in:

- A cash advance fee is normally an up front fee any where from 2%-4% of cash you take out

- The cash advance on credit card ALWAYS has a higher interest rate than your normal purchases

- The interest starts as soon as you get money out of ATM

- Many of credit card companies also require that you pay off all balance from your purchase before you can pay off your cash advance.

Here's a little example on how they get you with those extra fees:

Let's say you regularly charge $200 dollars a month with purchases on your credit card and you keep a running balance on your credit card of $1000. If you went out and needed cash right away and took out a $100 cash advance you would have to pay off $1000 dollars before you would be able to get to paying off cash advance. Now let’s not forget $200 you put on every month that you would have to pay off before they would pay off cash advance. I was going around in circles on this one for years before I figured it out. Free advice don't use a cash advance unless you absolutely have to. Taking time to read little "junk" credit card companies send you in mail and knowing where all these fees go will save you a lot of money in long run.

Identification and employment information:

Your name, date of birth, national insurance number, employer, and spouse's name are noted routinely. The consumer reporting company also may provide information about your employment history, home ownership, income, and previous address, if a creditor asks.

Payment history:

Your accounts with different creditors are listed, showing how much credit has been extended and whether you've paid on time. Related events, such as referral of an overdue account to a collection agency, also may be noted.

Inquiries:

Consumer reporting companies must maintain a record of all creditors who have asked for your credit history within past year, and a record of individuals or businesses that have asked for your credit history for employment purposes for past two years.

Public record information:

Events that are a matter of public record, such as bankruptcies may appear in your report.

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