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Credit Card Rights - What Rights Do You Have?

So you've thought about getting a credit card, but all you've heard about from parents, friends, co-workers, and the like is that they are just trouble. Horror stories of over limit charges, finance charges, late fees, mysterious charges, telemarketers, and missing bills dance through your head like sugar plumb fairies in children on Christmas Eve. It's important to know, going into your first, or even your fifth credit card experience, that as a credit card holder, you have certain rights that go along with your responsibilities.

Laptop Battery Here's a rundown of some your credit card rights:

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Thinkpad Prompt Credit for Payment:

Your credit card is NOT left on the server for a long period of time. Within hours your credit card information is downloaded through a secure connection to our secure corporate computers and then deleted off the web site servers. Our server hardware is housed with Qwest in a secure underground facility. To even gain entry you must pass through a security gate and show your pass and identification. Security cameras and officers monitor this area 24 hours a day, 7 days a week, 365 days a year.

Microsoft Your creditor is required to post payment received within twenty four hours of receiving it. In order to insure that this system goes smoothly from your end, make sure that you make yourself familiar with the payment procedures for your card.

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Laptop Computers Refunds of Credit Balances:

Secure Server The BGB Safe Shopping Policy and procedures protect you while you shop at biggerbras.com, so that you never have to worry about credit card safety. BGB uses the secure server software (SSL) of Plug 'n Pay Technologies, Inc. for secure commerce transactions. It encrypts all of your personal information including credit card number, name, and address, so that it cannot be read as the information travels over the Internet. lock icon displayed on your Browser (for Internet Explorer, this is located on the bottom right portion of the window).

Laptop Computer If you overpay your credit card bill, that is the total amount, not a specific monthly bill, you have a right to receive a credit on your account. You can also request that the credit card issuer send you a refund of the over-paid balance. This only applies if you have completely paid off the total amount, and have issued additional payment. It does not apply to an overpayment of a monthly minimum. If you overpay your balance, your creditor will automatically credit your account the additional funds, which you will not be required to re-pay, as it is your money. However, if you submit written request for a refund of the balance, they must issue you a refund within seven days of receipt of your request.

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Desktop Computer Resolution of Errors:

Notebooks If you feel as though there is an error on your billing statement, you must submit a written complaint within sixty days of the error's occurrence. An investigation must follow within two billing cycles, and no later than ninety days of receiving the complaint. This is federal law, and for more information you can contact the Federal Trade Commission.

Lenovo Removal of Unauthorized Charges:

Hard Drive If your card is lost or stolen, report it immediately. Following a lost or stolen report, the cardholder is not liable for any charges. If you find fraudulent charges on your account, you can be held accountable for up to fifty dollars per card. However, fifty dollars is the most you will owe for unauthorized charges, even if the thief uses your card to access an ATM machine. The best way to avoid any payments on your behalf for stolen goods is to report a missing or stolen card as soon as you discover it missing. This way, the company will cancel the card and you will not be held responsible for any charges.

Travelstar It is best, going into any new experience, to understand your rights and responsibilities. Request a written copy of these rights from your credit card company, and feel free to call them with any questions or concerns. Make sure that you arm yourself with information, and you will never be caught unawares.

Gateway Joseph Kenny writes for the Personal Loans Store and offer more information on secured loans and other loan topics available on site.

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Hard Drives Joseph Kenny is the webmaster of the loan information site http://www.ukpersonalloanstore.co.uk. At the Personal Loan Store you can find some of the latest personal loans explained in detail.

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