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Hold That Piece of Plastic Close to Your Heart

By: Ajeet Khurana

In this new millennium, most of us rely on our good old credit cards to pay for our everyday expenses. No matter how many zeroes appear against the number on the bill, we know that our piece of plastic will finance it. Hand it over to the sales person, a swipe here, a sign there, and the payment is made. Easy, convenient, and instant.



They are our shopping buddies no matter how bad things seem to be. We can rely on them when the ATM machine is of no help to you. Thanks to them, we don't have to carry around stacks and stacks of money. But do we know how to take care of our darling credit cards?



One of the first things to remember with regard to credit card safety is to not tell your credit card number to all and sundry. Even while giving the number to somebody over the phone or while entering it on a website, make sure that the person or website is legitimate.



Then, when your credit card statement arrives, check every entry to make sure that there are no incorrect entries. If a payment does not sound familiar, make sure that you check it out thoroughly. Store the bills, and check them against your monthly statement. This will help you eliminate any doubts that you may have about the accuracy of the statement. Also, even while making payments check the receipts before you put down your signature. Don't sign any receipt which contains blank spaces.



Also, you don't have to carry your entire credit card collection when you go anywhere. Carry only the ones that you know you will need. Store the others away in a safe and handy place. Also, keep a track of all the credit cards that you have. See to it that none of your credit cards disappears suddenly. You are the one who will be landed with an enormous bill if you remain oblivious of whether or not a credit card of yours has been lost.



If you lose your credit card, give the details of the card to the credit card company and make a note of it. You might also have to make a report at a nearby police station. Be prepared with a list of the formalities that have to be sorted out.



The chances of you losing your card are slim. But note that you don't need to lose your credit card to be victim to a whole host of credit card related crimes. So don't just naïvely divulge you monetary details, and look out for your loyal credit cards.

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Ajeet Khurana recommends that you read: credit cards, balance transfers, and 0 credit cards.

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