When it comes to credit cards, American’s are least educated people around the world. Our knowledge about them comes mostly from friends and family or credit card sales people. After a long search on forums and blog comments I have come up with the list of 10 things that most of people should know about their credit cards and they don’t. It’s my contribution to help you learn more about your own credit card rights and providing you means and methods to protect them
1) Your Credit Card is Not Valid Till You Sign it
There is a panel on the back of your card that says “Not Valid Unless Signed”. A large number of people ignore this or just write “SEE ID” or “CHECK ID”. They become very shocked when some diligent merchants refuse their card.
Let’s have a look at what VISA’s procedures says about what should happen when a customer presents an unsigned card:
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The merchant will ask for customer’s ID like Driving Licence or Passport.
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Customer will be asked to sign the card. If he signs it, the signature on the card will be compared to the signature on his ID.
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If customer refuses, the card will not be accepted.
It is a known fact that most of the merchants don’t follow this policy, but some like UPS are quite strict.
