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Think twice before sharing your credit card details with even your closest ones

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Think twice before sharing your credit card details with even your closest ones

[February 03, 2011]

It is surprising that there are innumerable people in our life, with whom we share even the most confidential details of our life. We open up to them and even share our credit card details without giving a second thought to what would happen if there was fallout. Tough though, it may seem it is imperative to exert some caution and withhold certain information from even your closest family or friends. Let us take a look at some close people with whom we share all the credit card details without exerting restraint.

Your children

There are times when your child might borrow your iPhone or iPad to play a game of their choice using the Wi-Fi connection available. When they ask you for the password to unlock your phone you share it without second thoughts. Within no time, there are chances of you receiving a credit card bill that is more than what you expected. If the game on the internet costs money, then the money is automatically taken from the card details present in your phone, which is unknown to you, until the billing statement arrives in your mailbox.

Partners and spouses

Considering the proximity that partners and spouses share, it is not surprising to share credit card details without thinking much. However, this can prove to be disastrous if you are not sure about the future of your relationship. There have been instances where people have been taken for a ride by their partners and spouses, especially after bad fallouts.


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The Latest News

[12:00:00 AM Wednesday, November 16, 2011]

America has had a problem with the rest of the world lately; we seem to be falling behind on nearly every aspect imaginable. And you can add "credit cards" to that list, too, along with education, industry, etc., etc.


[12:00:00 AM Friday, September 23, 2011]

Two years later and the Credit Card Accountability, Responsibility and Disclosure Act is still the hot topic of discussion. Consumers have felt the affect of the act in regards to hiked ATM fees and new monthly debit card charges. There are some benefits, in regards to clarifying language when applying to credit cards and more bank regulation.


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