If this is your first time applying for a credit card, be careful with accepting any unsolicited offer that comes your way. If not careful, you might just be a victim of credit card fraud.
5 Tips to prevent credit card fraud.
Apply For Credit Cards Directly To The Issuer To Prevent Credit Card Fraud
You may find an offer that says you will have a more easy to apply and get approved for a credit card instantly. Unless you work directly for the issuer of the credit card, no broker or company can change the destination of your credit card application. The only thing that can improve your chances of being approved is by improving your credit score.
Bad Credit Affects Negatively
If someone tells you that you can get a credit card that not only guarantee, but with low interest rates, so you get your leg pulled by a scammer. Bad credit always matters. Issuers of credit cards do not ignore the fact that you have bad credit, no matter who you are. If you have bad credit but want to have a credit card, it is best to obtain insurance for one or one that is designed specifically for people with bad credit.
There Is No Upfront Fee To Pay
Up front fees are rarely required by any credit card issuer. Who asks first, should ring alarm bells in your head. Second, if they relate to the upfront fee as their “annual fee”, to appear in his first credit card statement.
Know What Their Gold, Platinum, and Silver Status Really Means.
Other people try to fool with tempting gold, platinum, silver and credit card offers. But before you take the bait – take the time to ask what exactly are these offers. In most cases, a gold credit card means having an elite status because you have a credit limit incredible competitive interest rates, and the incredible rewards to wait. Is that the type of credit card they are talking about gold? Or could it simply be a gold card with the usual privileges? Or worse, could only be used to purchase items of their own product catalog?
If you really want a gold, platinum, silver or credit card – really wonder if you can afford it first.
If You Want to Have Credit Card Protection You Can Do the Protecting Yourself.
The person making the offer could also weave tales fearful of what might happen if you do not receive your secured credit card. But the Federal Trade Commission (FTC) cautions consumers to make use of this offer, and usually futile in the end. If you want to protect credit card problems, you can do using your card responsibly and prudently.
There are sure to be another type of fraudulent credit card offers you could find, but remember the golden rule for credit cards: if an offer sounds too good to be true, it usually is!