TV Schedule

10 things you might not know about your credit card

  2. sinlung
  3. related topics
As you might imagine, we get a lot of questions about using credit cards. Based on those piles of emails we’ve put together a list of 10 things a lot of people don’t know about credit cards. Enjoy!

1) Unsigned Cards Are Not Valid And Merchants Can And Will Refuse Them
You might think that everyone knows that you have to sign your credit card in order for it to be valid — after all — there’s a panel on the back that says “Not Valid Unless Signed,” but you’d be shocked at the number of angry emails we get from people who have tried to use an unsigned credit card with “SEE ID” or “CHECK ID” written on it and were turned away when they refused to sign their card.

Here’s what VISA says should happen when you present an unsigned card:
sinlung

5 responses // 10 things you might not know about your credit card

  • This is great information! I hope a lot of people read this.
    Dustball
  • I'm from a small tourist town where most merchants require a minimum purchase for credit cards. My whole village could be reported!
    islek
  • I have never had a clerk check to see if my card is signed.
    shroomfairy
  • Very interesting!
    Elligirl
  • why pay more for something when you don't have to? unless ou pay off your balance every month you are paying more than is necessary. and if you do that the credit card companies hate you because they don't make any money off of you. that's why minimum payments are so low, because they want you to be paying for that impulse buy for a loooong time.
    spoonieday

Add your response

Login/Registration is required to add a response.