Managing your credit cards online
Monday, 6 July 2020
Careful management of your credit card accounts can help you control debt, protect your credit score, and take care of your overall financial well being. And thanks to handy online tools, managing your credit cards is now easier than ever.
Today, many credit card companies give customers secure, online access to their accounts through the company's website and via mobile apps. When you access your account online, you can manage your card in multiple ways.
Here are some of the most popular and useful functions.
View your account balance and transactions
When you log in to your account, you'll likely see your account balance as well as your transaction history. You may also be able to view other account details, such as the interest rate, previous balances and payments, statement dates, payment due dates and more.
Having fast, easy access to your account transactions not only helps you keep an eye on your spending, it also gives you the ability to spot any questionable transactions and act quickly to prevent additional ones.
Turn your card off and on
Most account management platforms give you the ability to activate and deactivate your card without having to call your credit card company. Think you've lost your card? You can turn it off as soon as you realize it's missing—and then turn it back on just as quickly when you find it.
If you happen to spot questionable transactions or you're concerned your card has been compromised, you can immediately turn your card off to protect your account. In some cases, you may also be able to report unfamiliar transactions through the app or website, again without making a call. If you find out the transaction was legitimate and your card is secure, you can easily turn it back on.
Paying your bill via online or mobile banking can be simple, secure and fast. If you're paying your bill from a checking account, you just put in your checking account information, the amount you want to pay and the date you'd like it to be processed. Many banks may also allow you to save your account information once, and reference it for future payments or to set up auto-pay functions.
Set up alerts and notifications
Setting up alerts is a great way to improve account management and security. Some banks may also offer alerts that inform you when your balance reaches a certain dollar amount, when you're about to go over your credit limit or if the card has been used for certain types of transactions. In some cases, you can opt for text alerts, email alerts or both.
Manage your spending
Many digital credit card platforms also give users the ability to categorize and analyze their spending and export data into other banking and budgeting programs. For example on many platforms you can easily link your credit card to your online banking so you can manage all your accounts, create a budget and track your spending conveniently in one place.
Manage rewards programs
Credit cards with rewards programs typically allow cardholders to manage those programs through their online account management programs, too. Users are often able to track and redeem points, as well as explore opportunities for additional loyalty-related savings.
Credit cards offer users convenience, simplicity and purchasing power. Thanks to user-friendly online account management tools, you can maximize your credit card benefits and avoid overspending.
The content provided is for informational purposes only. Neither BBVA USA, nor any of its affiliates, is providing legal, tax, or investment advice. You should consult your legal, tax, or financial consultant about your personal situation. Opinions expressed are those of the author(s) and do not necessarily represent the opinions of BBVA USA or any of its affiliates.
Links to third party sites are provided for your convenience and do not constitute an endorsement. BBVA USA does not provide, is not responsible for, and does not guarantee the products, services or overall content available at third party sites. These sites may not have the same privacy, security or accessibility standards.
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