Oct 12, 2009

Credit Card Care Tips

I hate it when a bank and credit card company send you a card you didn’t applied for. The worse thing is I’ve received it almost three months late from their activation period (I’ve even missed the freebies) and says; no need to call for activation it has been automatically activated and ready for use. – sh_t… Anyway if you’ve already got a credit card, here are some Tips to Secure Your Credit Card Accounts, from Credit Card Association of the Philippines. 

1. Keep a record or memorize your credit card number and your issuing bank’s contact details which can be found at the back of your credit card.

2. If you are issued a PIN (Personal Identification Number) for ATM Cash Advance Transactions, memorize it and destroy the mailer on which on which it was sent to you. Never change your PIN to combinations that could easily be identified such as your birthday.

3. Keep a copy of your transaction receipts so you can match them against your monthly statement of account. Report any changes that you do not recognize immediately or within the designated timeline stated in your statement of account.

4. Never share your credit card details and PIN to any person. Transactions that use your credit card number and PIN may be charge to you.

5. Notify your issuing bank of any changes in your contact details and address.

6. Personally hand over your credit card to the cashier when paying for transactions.

7. Always make sure that the amount on the transaction slip is the actual amount of your purchase before you sign. Never sign a blank transaction slip.

8. Make sure to secure your card while shopping. If your card gets lost, immediately call your issuing bank to avoid paying fraudulent transactions.

9. To ensure that you are not logged on to a spoofed website, check that the URL address starts with “https”. Moreover there should be a padlock icon located at the lower right portion of the webpage to indicate that it is a secured website.

10. Your issuing bank will never call you to ask for your credit card or your account information. Should you receive such calls or letters, always call your issuing bank on the number at the back of your credit card for verification.

11. Endorse or sign all credit cards as soon as they are received from the bank.

12. Keep a list of your card numbers and the card company’s call center/emergency hotline numbers in case of disputes, questions or to report a lost or stolen card.

13. Never allow the use or your credit card as references (credit card number) or as an identification card.

14. Take note whether your card is held for more than the regular time. Be alert when it is not returned to you after an unusually long period.

15. Keep your credit cards in a secure place.

16. It is the cardholder’s responsibility to know their payment due date. The cardholder should make sure to make payment on or before this date, to avoid any penalty or late fees.

(It always annoying when a call center from a credit card company call and offer me some sort of business… whatever… from my credit card. - It sucks!)

2 comments:

  1. Thank you so much for posting this. I learned a lot of things. Also read some of your postings and thank you for sharing them.

    ReplyDelete

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