A credit card that is not a credit card

Credit cards have its advantages and disadvantages. If you are a wise credit card user then by al means it can be a big help for you. But a lot of people think that credit card is money at hand but that is not the case. I should know, I have several credit cards before but I already cut them off now.

However, there are times that I wish I didn’t cut them all. Booking for a plane ticket for instance is one of the major reasons. It is easier and much more convenient for me to book a ticket using a credit card. There is this airline that have always seat sale and you need to book fast to avail of them. Now when I book, I have to go out and pay from their accredited bank to confirm the booking.

Virtual credit cards is now available and I read that it is widely accepted. How it works? You can use it like any credit cards, you can purchase stuff online so shopping online is possible even without a credit card. And they don’t do any credit check, you can apply anytime and registration is fast!. What I like about it? You decide how much to deposit on your virtual card, in that way you only got to spend money that you actually have so very different from credit card where you spend money that you do not have.

Credit Card Fraud

I know most of the people now carries credit card instead of cash especially in the western world so credit card fraud is rampant. I remember one credit card company calling our office and canceling my boss' credit card because it has been used to an establishment that has been reported for credit card frauds. It's hard when it happens because calling and arguing with credit card company, proving them that you were a victim is a major headache so be careful and be very vigilant whenever you use your cc's or you can have a rfid blocking wallet for you to make sure it is safe. It's like the chip blocks the info so no one can steal it when they swipe your card.

nevertheless, here are some tips for the safe use of credit cards.

1. make sure you keep an eye on it every time you use it.
2. Do not just give your credit card info to anyone who asks, make sure you know the company or the person you are talking to (if over the phone) if in the internet, make sure they are reliable and secured.
3. Sign your credit card as soon as you receive them. IT is very very important.
4. Keep you credit card on a secure place, don't leave them anywhere. And make sure it's only you who knows the details specially the last 3 digit at the back. I tell you once they know it, they can use it to purchase over the net.

Hope this helps.