You Got a Credit Card? How Will You Manage Credit Card Statements?
Get yourself a home computer and a credit card and you can manage your finances and lots of business transactions without leaving your house. How did you apply for your credit card? Did you do it online or did you go directly to the bank to fill in the form? Most customers would certainly choose a web site to shop for plastic and apply for it for quite a number of reasons.
If you belong to this category of customers, you must have opted for a web site just for these reasons - convenience, quickness and, as you are frequently assured - safety. Safety is what builds your trust in a creditor and their online services. But if your application information went clear, it does not mean all transactions carried out in the internet, say online purchases, money transfer or effecting monthly statements, are always safe for you. Read on to see the point.
When a longed-for credit card arrives, be ready to receive a whole range of offers for various associated services and new programs. Your credit card company will always be glad to have you sign up for any of their options often designed to collect more revenues.
One of such options adding significantly more convenience to the management of your bank account is the ability to receive and effect your credit card statements online. If you have already used your plastic to make purchases online and enjoyed the convenience, you may rush to switch to the service.
But if you are a smart cardholder, you are aware of the numerous traps and possible dangers to the safety of your personal and credit information transmitted online. Identity theft and credit card fraud have become too often associated with online transactions requiring your data.
So, a smart user will think twice before signing up. What are the advantage and the risk of receiving credit card statements online?
Advantage: You will forget about the annoyingly rustling piles of paper statements very probably arriving from several card issuers. If you are a disorganized person, the statements may be scattered all over your house and one day you are sure to lose one. It may cause some inconvenience, let's face it.
Then, even if you are careful enough to keep all the credit card statements in view, you may find it too inconvenient and sometimes even stressful to stick with the filing system in place. Your creditor knows that and, trying to best meet your needs, offers to pay for your best credit card over the internet.
That is quite an advantage if you are a business person and value your time.
Risk: Have you ever heard about breaches of personal and financial data when your home computer is hacked or when a web site fails to provide adequate protection of its database? Mind it that you can become a victim of hackers hunting for such information as you credit card number or SSN.
While the security of your data is much of your own responsibility with paper credit card statements, which you can shred after the payment is done, you can do little to control the electronic procedure.
If, however, you are seriously concerned with the safety of your personal and credit data, you should never store your login and password information on the computer. Hackers are getting smarter and are always a step ahead of the latest security devices.
All these points occupy the head of a responsible and thoughtful cardholder. Are you one? Think twice before accepting the option of electronic credit card statements.