5 Pointers for Instant Approval Credit Cardholders
In the paragraphs below, we have enumerated and tackled pointers you should remember when managing an instant approval store credit cards.
Always comply with the stipulations of your credit card program. This is important for you to avoid incurring ďŹ nes and penalties that are usually incurred by cardholders who violated the terms and conditions of their credit card programs. Moreover, this will help strengthen your relationship with your card issuer, which is something you can fall back on in case you decide to apply for additional card accounts or to negotiate for lower rates of interest or for better payment terms, later on.
Keep a tab on your transactions. This entails checking the available balance you have on your credit card before using it to cover a bill or a purchase. This way, you can avoid exceeding the limit imposed on your line of credit as well as the additional fees (like overdraft and declined transaction charges) you might be asked to pay for maxing out your instant approval store credit cards. This tip is also important to check if there are errors or inconsistencies in your billing statements and even in your annual credit reports. Always remember that an incorrect item in such documents can inflict severe damage to your credit history and limit your chances of qualifying for affordable credit programs. So to protect your financial prospects, find time to review and validate the accounts and records listed on your billing statements as well as on the copies of your annual reports.
Make on-time and complete payments of your credit card bills. After all, this will help you keep your credit payments at a minimum, since you won’t have to pay huge interest charges, late payment penalties and other relevant ďŹ nes. Moreover, this tip will help prevent your issuer from slashing down your credit limit and from increasing the interest rate imposed on your card account.
Keep your PIN to yourself. It is never wise to share your Personal identiďŹ cation Number, or PIN with other people – not even with your very close friends and relatives. Bear in mind that by keeping your PIN to yourself, you can minimize the risk of having your credit card information compromised and used without your knowledge. Furthermore, this pointer will help ensure that you will never be held liable for purchases or transactions you did not make.
Use your guaranteed approval credit card only in secured shopping sites and business establishments. After all, this help safeguard you and your credit information from unscrupulous organizations which intend to rip off as many consumers as they can using popular yet still very effective credit card scams. So before charging an expense or a bill on your credit card, take the time to check out the cashier’s area of the shop and store. And make sure that it is free from suspicious devices used to spy on the credit card information of consumers. For regular online shoppers, make sure that you will only transact business using reputable websites that have excellent security features. That way, you can prevent fraudsters and the malicious software they use from gaining illegal access to your personal or credit details.