A credit card can be a useful way to help you manage your money. But make a mistake and you’re usually faced with charges, which can be expensive.
A credit card company is allowed to charge a default fee up to £12 each time you:
- spend more than your agreed credit limit
- miss a repayment, or pay late
- try to make a repayment but don’t have enough money in your account.
However, if you think you’ve been wrongly charged, the fees were too high or you were having money problems, you might be able to reclaim some or all the money.