Some banks are eliminating the standard interest free period within which you may pay your credit card bill without being charged interest. This is the normal grace period before interest kicks in.
It is recommended that you, your friends and colleagues check your statements carefully so as to avoid and complain about such interest charges or to seek out a card issuer that offers very low interest rates plus an unlimited grace period on purchases.
Be especially weary of institutions that periodically offer upgrades or cards with no fee for the first year as a promotion as this practice is more common with them.
Finally, don't be lulled into the seasonal promotions offering "premium" credit cards such as "goldcards" and Premier VISA. The only significant premium with these cards is the extra amount you pay in higher interest and fees!
Knowledge provided by - www.uk-credit-secrets.info