This video from YouTube provides some good advice for Wednesday on Credit Card Gotchas. In the five minute video, Steve Diggs provides ideas about five important things you need to note:

1. grace periods,
2. 2-cycle average daily balance, .
3. pre-approved card tricks,
4. “fixed rates” periods, and
5. default rate trap.

Watch the video for some good advice. And remember you should shop around for your credit card.