These days credit cards have become a crucial part of our everyday's life. Nothing seems possible without this magical charm. Using credit cards all the time has turned out as a requisite of our life. Cash payments have become a long lost tale. With the technology advancement, we are completely dependent upon credit cards. They make payment fast, secure, easy and at a go. But, with its positive aspects. It has some negative impacts too. These affect the credit card users. Some of these negative points are not at all negative sides. But, we just need to be careful. One very important thing while using a credit card is to be very careful. This carefulness comes from keeping in view your active credit. In other words, you find out whether or not a credit card can be used at a particular time with respect to its overall credit. Keeping in view, the overall active credit of the card is important. This is because of the so many benefits associated with a credit card. A credit card can be your saviour at the time of need. It can be used in all emergency situations. It is the perfect payment solution, when you think about staying out of your town. It has served as an advantageous replacement to convenient cash payment method. These reasons play an important role in making it one of the most widely used payment tools all over the world. If we look within the U.S, a vast majority of the overall population depends upon credit cards. At present the rate of credit card users is almost 60% to 62%. This percentage is scattered all around America for their financial needs and consider credit card payment, the useful substitute of cash payment.
Getting a credit card is pretty much simple. It is a convenient way through which you can manage all your purchases. Whenever you open up an account within a specific bank. The credit card is issued after a certain time by the same bank. Many specific companies also issue credit cards to their respective clients. The procedure is pretty much simple. If you want a credit card. All you need to do is submit an application. The bank will carry out a detailed inquiry of your credit status. If it is satisfactory, your application gets approved and tada! you have your card. This simple procedure has awakened the interests of majority of people. This is one of the most prominent reasons that now-a-days two-third majority all across the U.S prefers having credit cards of their own. Another important thing to be noticed here is, you can not only get a credit card from one specific bank. There is no specification in this. If you have your account in more than one bank, you can apply for the cards as well. The procedure is the same throughout. You can get different credit cards from different banks at the same time.
Owning a credit card is not the only thing which benefits you. It is very important to understand its function too. Whenever you look at a card. Always remember this that it is more than a piece of card. It has specific functions. There are various sets of numbers given over a card. All these numbers indicate their own particular features. The importance of understanding this fact lies in the overall significance. In other words, if you fail to understand the functions that correspond towards making it a useful tool. You are going to get nothing out of it. Rather, it is going to create a negative impact on the credit report of yours. This can be a hurdle greater than you can think. Especially, in case you are aspiring to get a loan or for any other rental affair.
Now you all might be thinking, why is it important to check the credit card status?What significance does it bear? How can you get the idea about the active status of your card? What are the impacts this active status will cause on your credit report? The answer to each one of the questions lies in a single world which is "Financial Security". How a credit card can make you financially secure?We will explain this to you in detail. Let's find out how can it be extremely helpful for us.
We all are well aware of the unpredictability of life. There are a number of situations that can come up to us anytime. You all must have faced the worst situations in your lives. Many of the situations are very troublesome to cope up. At such hard times, we all need financial safety by default. For instance, if at night time, your child falls severely ill and you have to take him to the hospital. What could be your immediate response? Definitely you would take him to the hospital. At these moments, who even remembers to take out enough cash? So, the best option for such a situation could be having a credit card. With it, you can pay right at the moment upto $1000. So, it saves you from the hassle of asking for cash from any relative of yours who lives in the neighbourhood.
Credit history becomes a game changer when we have to apply somewhere for any financial assistance. Banks and various financial websites keep on emphasizing upon the significance of having an up-to-date credit history. They also provide you with the ways of making it a fine one. But, the most important thing with this regard is having a credit card. Once you will be having a credit card. You can build up the credit history only then. This becomes necessary because you have to provide your background credit history whenever you are set to apply for lease or loan. The agencies will approve your request on the basis of it.
Where the conventional payment methods are stiff. Payment through a credit card is very easy. Just swipe or dip your card. Voila! purchase as much as you can. It saves time and the difficulty of getting an estimation of paper money, everytime you're out shopping. Because of its simplicity in usage, you can rely on it for any purchase you make. Another thing is, purchase through credit card takes you one step ahead. You can not only carry out purchases on the national level. But international purchases are just on a go with it. This is not the mere benefit. But, with credit cards come rewards. You can earn different kinds of rewards by using credit cards. Sometimes, the rewards are based in the purchases. While most of the times, there are several cash back rewards associated with credit card usage. In order to get the maximum rewards, you can rely on credit cards. They not only provide you with cash-back rewards. But amazing discounts are also there. So, your online or offline both kinds of shopping will see a new mode of payment with maximum benefit.
Having a credit card is not the only thing. You have to keep a check on it off and on. This is for the purpose of finding out the activation of your credit card. In simple words, you have to find out whether you can carry out purchases from your credit card or not. This is because of the reason that when a credit card is not used for a long period of time. It gets automatically deactivated. This attempt is to prevent any risk of fraud or identity theft. Finding out the activation status is very necessary because it can later on save you up from a number of embarrassing situations. Checking the activation status of a specific credit card is not difficult. There are certain ways by which you can find out the activation status with much convenience.
Use to a local branch for checking out your activation status can be the best way. Many of us have a habit of paying regular visits to our banks for financial purposes. Whenever, you are there in the bank for anything. Never forget to ask out the status of your credit card. Set a reminder on asking this question. Make it a habit everytime you go to the bank.
Accessing your card's bank issuer online for your status checking is another important way. Many of the banks have made online banking very easy for their customers. By this way, simply register yourself. Enter your account details. Check your status anytime anywhere.
Calling Customer Service usually printed on your card for getting an in-depth idea about the activation of your credit card is a good idea. This can not only help you in finding the status. But, it will tell you the reasons too. Just in case, you find your card is deactivated.
Setting Alerts from your Account online or through phone app can be of much help in finding out your credit card status. Once you register yourself as a user of a particular bank. They regularly send you a monthly credit report. In this report, you can not only check the status of your card. But can get direct access with the customer service in case of any query.
Try to buy something small on the card itself can tell you about its activation status. Though, it can lead to a pretty much embarrassing situation in public. But, still it's a way to find out. Simply, swipe up your card. If it is active. You will find right there. As the payments for your type of purchase will directly be made. If it fails. It means the card is deactivated and you have to pay in cash.
After getting these ways, you can find out the status of your card. Always remember, it is important to keep a regular update of the card status for all your financial affairs.