|
In recent years, plastic money has become an indispensable part of our lives and if managed properly, it offers significant advantages. A credit card is a convenient, secure and widely accepted form of payment, which offers access to funds when needed for an interest-free period. It also facilitates flexible payment options to suit an individual’s ability to pay. Getting a credit card that offers optimum services
Selecting a credit card should be an informed decision. Review and compare rates, annual fees, reward schemes and most importantly read the fine print before signing on the dotted line. Some basic research on the financial institution offering the credit card will let you know in some detail about your chosen credit card. Ideally you should get a credit card from a reputed bank with a proven track record. A RAKBANK credit card is a wise choice as it is free for life and packed with value-added benefits and privileges that best meet the lifestyle and financial needs of UAE residents. Resist the urge to splurge and use your credit card prudently
Studies indicate that people tend to spend more when they are paying by credit card. It would be a wise to move to keep a tab on your spending patterns and controlling the urge to buy things on impulse. After all, if you cannot pay your entire credit card bill, interest and late payment charges will start adding up and putting unnecessary pressure on your finances.
As a customer, it is best to pay off your debts within the stipulated due date to avoid interest and late payment fees. Dos and don'ts for credit card owners
Being a smart credit card user is easy as long as you keep the following tips in mind: DO - Keep your PIN number a secret.
- Never choose your date of birth or another easy number as the PIN for your credit card.
- Notify your bank if you're travelling abroad - if you fail to inform your bank, there's a chance that you might not be able to access all the facilities and services offered on your card in the country you have travelled to.
- Keep a physical check on the card and report loss immediately.
- When handing over your credit card to make a payment, always remember to take it back.
- Always check and tally the amount against the purchase on the transaction slip and retain the receipt in case of any discrepancy in your monthly statements.
DON’TS - Don’t give your card to any other person for their use.
- Don't forget to sign your card immediately upon receipt.
- Don't disclose any PIN provided by the bank.
Used intelligently, a credit card becomes a powerful financial ally that makes shopping and other important financial transactions a breeze.
Related Articles -
credit cards, prepaid cards, master card, mastercards, Visa card, debit cards, RAKBANK credit cards, RAKBANK debit cards,
|
