Apply For Credit Card
Apply For Credit Card/Credit Card Use
You've taken the plunge and have applied for a credit card either on or off-line from a credit card company - and you now know that getting credit isn't as difficult as you might have thought. Now what!
First things first, - take heed that 'the Terms Of Use for your credit card apply!'. The second thing you will need to do once you receive your credit
card, is to sign it immediately on the strip at the back. Be sure to read the additional information that accompanies your credit card, since this will incude the terms of use - essentially, the 'using credit card do's and don'ts'.
It is critical that you do not simply put this information to one side. Remember, that when you apply for credit card, you are bound by a legal agreement and it is important that you read carefully all the credit card guidelines issued by the credit card company. It will not only tell you how to use your credit card but more importantly, how to do so safely.
You will also be provided with contact information, customer services and details of how to report your credit card should it
be lost or stolen. It is your responsibility to keep this information safe and accessible should you need it in future.
One of the requirements when you apply for credit card and receive it, is that you must contact the credit card company by telephone (where requested to do so), prior to using your credit card. In doing so, you will activate your credit card, enabling you to use it. If you omit this step - your credit card will not work as it will remain inactive. You will be taken through some security questions to which only you will know the answers.
This important safety measure is put in place by the credit card supplier for the sole purpose of minimising unauthorised use of your card by other parties.
Using Credit Card Safely
When you apply for credit cards, the onus is on
you to ensure you are looking after and using your credit cards responsibly. Under no circumstances should you divulge to any one, any of your credit card account information, nor allow them to use your credit card.
Unless you are dealing with a reputable merchant you can trust, you should never divulge your credit card number nor the start/
expiration dates over the phone. In less reputable hands, this information can be used to take money from your account or even
worse, to steal your credit indentity.
Another important piece of advice you will be given once you apply for credit card, is the steps you will need to take in the
event your credit card is lost or stolen. Generally speaking, applying for a credit card gives you a degree of protection. should you experience either of these scenarios, you will not be liable for any costs, on condition that you report the loss or theft before the credit card is used.
If however, you delay in reporting it and your credit card is subsequently used before doing so, you may incur a small
charge.
Record-Keeping When You Apply For Credit Card
Managing your finances becomes even more important when you apply
for a credit card. With cash, once it's gone - it's gone. It is
all change though when you apply for credit card. It can be very
easy to take your eye off the ball and spend, spend, spend - unless you keep a careful eye on your credit card receipts.
In any event, it is good practice to check your receipts against
your credit statements just to be sure everything is in order. This will also ensure any discrepancies can be promptly taken up with the credit card company by telephone and in writing.
You must see to it that you keep within your pre-approved credit limit and that you pay your credit card bills on time. This way you will avoid additional high interest charges as well as falling into credit card credit debt. Sticking to these basic principles will help keep your credit-worthiness and credit rating in peak condition.
Benefits Of Applying For A Credit Card
Your Guide On How To Apply For Credit Card Online
The content on this site is purely for information purposes only and is not intended to replace your seeking professional financial advice.
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