8 Genesis With Credit Cards That Sucks

Some surprises can be good, such as a surprise birthday party or a surprise gift. Another surprise is considered not so good, such as the closure of banks, the increase in fuel prices. Be careful, your credit card may have some pretty annoying surprises.

1. The rate hike
Credit card issuers have different explanations for the increase in interest rates on your credit cards, ranging from the cost of delay to adjust to changing market conditions. No matter the reason, the increase in lending rates is never fun. In most cases, you should be notified and given an opportunity to decline before the new rates take effect.

2. Your credit card is rejected / declined
Pretty embarrassing when a credit card transaction is rejected while a queue of people behind giving cold stares at you for so long. Although the credit card being declined is not always your fault, be prepared to use another form of payment.

3. You forgot to pay your credit card bill
You finally remember your credit card bill due on the 20th for each month. Only, you just remembered 10 days later. Contact your credit card issuer immediately and explain the situation. Offer to make a quick payment via atm or internet. If it is the first event, you can request a release on late fees.

4. You should apply for a loan, but you have a bad credit history
Apply for a loan when you have bad credit reputation is enough to make you nervous. Review period makes you anxious and wondered would the end result. Ask the lender for credit approval criteria before they apply for a loan. Check the reports and credit scores to determine whether you meet the criteria of the lender.
 
5. You lose your wallet or purse with credit cards inside
The first thing you think of is "What if someone was using my credit card?" If you lose a credit card, cancel it as soon as possible to prevent fraudulent charges. It is a good idea to have a photocopy of the back of the card so that you can easily contact your credit card issuer service to cancel the card. You can also use the bill to the contact information on the credit card issuer.

6. Your child has a credit card for the first time
Teens need to learn how to use a credit card at some point and sooner is better than later. However, knowing this does not reduce your tension. Do not allow your teen to use a credit card unless it has a proven track record, mature enough, responsible for finance (eg make a good expenditure).

7. Your credit card application is rejected
When a credit card application declined quite scary, especially when you do not know if you have a bad credit history.

8. Your credit card is misused other parties
At this point, you wonder who did this transaction and how they can get your credit card number. The first thing to do is check your credit card to make sure the credit card is not lost. There may be a family member borrow your card without permission Or creditor billing mistake, in which case you can dispute the error to the credit card issuer. It is possible that your credit card number stolen. If this happens, you can report the theft to the credit card issuer.

..