It comes as a surprise how credit cards have found their way into our lives in form of wallets. Credit cards have gradually turned into becoming a necessity.
The emergence of electronic age made almost everything possible to people. Determining and curing terminal diseases made convenient, reaching uncharted territories became a possibility, and most of all; everyday life of people is made easy by the technology. We now have more convenient stores, easier means of transportation and a variety of gadgets that makes work and pleasure almost effortless.
When it comes to finances, technology through efficient banking system and services has given people better alternatives and options how to manage their finances. Among the so many financial management schemes that emerged, one alternative stands out among the rest – the credit card.
Regardless of the type of credit card you choose, be sure to remember the do’s and don’t before applying for any credit card.
Do’s
- Put your signature on the card immediately upon its receipt.
- Make the photocopy of both the sides of your card and preserve it at a safe place to remember the card number, expiration date in case of loss of card.
- Change the default personal identification number (PIN) received from the bank before doing any transaction.
- Always carry the details about contact numbers of your bank in case of loss of your card.
- Carry your cards in a separate pouch/card holder than your wallet.
- Keep on eye on your card during the transaction, and ensure to get it back immediately.
- Preserve all the receipts to compare with credit card invoice.
- Reconcile your monthly invoice/statement with your receipts.
- Report immediately any discrepancy observed in the monthly invoice/statement.
- Destroy all the receipts after reconciling it with the monthly invoice/statement.
- Inform your bank in advance, about any change your control details such as home address, cell phone number and E-Mail address.
- Ensure the legitimacy of the website before providing any of your card details.
- Report the loss of the card immediately in your bank and at the police station, if necessary.
Dont’s
- Store your card number and PIN in your cell.
- Lend your cards to anyone.
- Leave cards or transaction receipts lying ground.
- Sign a blank receipt (if the transaction details are not legible,ask for another receipt to ensure the amount instead of trusting the seller).
- Write your card number/PIN on a postcard or outside of an envelope.
- Give out immediately your account number over the phone (unless you are calling to a company/ to your bank).
- Destroy credit card receipts by simply dropping into garbage box/dustbin.
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