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1. Standard Credit Card Features

Any services, features or terms and conditions that apply to your credit card account on an ongoing basis are known as “standard credit card features”.

In this section, you will learn about nine standard features that play an important role for every credit card:

  • Interest rates
  • Interest free days
  • Annual fees
  • Credit card foreign transaction fees
  • Cash advance fees
  • Other credit card fees
  • Additional cardholders
  • Anti-fraud security; and
  • Contactless credit card technology


We’ll explore both the potential benefits and pitfalls of these features, so that you can make smarter choices about the cards you choose, avoid common traps and maximise the value you get out of using a credit card.