U.S. financial consumers are big credit card users. A recent survey by Experian found 62% of Americans have between one to five credit cards.
With that much familiarity, you may think consumers know how to optimize their card experience. But ask the average card user about common (and costly) credit card mistakes and you’ll get an earful.
“A couple of years ago, I was traveling to the USA for a holiday with my family,” said James Gall, founder of the U.K.-based Money Builders, a consumer financial website. “I wanted to take a credit card and after some research found a card that charged zero commission on dollar transactions while in the U.S.”
While traveling abroad Gall could use the card in any store or restaurant with zero fees — a big advantage on a