Do the math to figure out if you'll save money. In most cases you'll save time and money by switching to a lower interest rate. Using your credit card during foreign travel just got more expensive. Some of the largest issuers are charging a small percentage for foreign transactions. For many years that cost was absorbed by the banks, but no more.
Most fees are for rule-breakers.
Also, don't be afraid to negotiate with the credit card company to remove the fee if you accidentally pay late or go over your limit. The best way to protect yourself from rising credit card fees is to read your statements every month and understand your credit card company's rules. You'll protect yourself from fraud and inaccurate postings on your account, too. For example, we've heard from an increasing number of clients who are finding unexpected charges, such as auto club memberships, disability insurance and credit life insurance on their statements. Md. Founded in 1994, Myvesta.org has helped more than four million people through its programs and educational resources.