Down Finance markets - How to keep your credit score good using Pre Paid credit cards
Virtual Credit Card are also known as one time use credit card depending upon the type you are using,I have collected some common queries people send to my desk
Paypal is getting more popular now days irrespective of many complaints,people ask me
Q:How can I get a virtual credit card number from using pay pal. is it safe?
A: You can easily get virtual credit card number by login to your paypal account. You have to follow the steps: 1. Click at profile and then look at the financial information column where you have to click the Paypal Plugin link. 2. Click at the Secure cards and then click Generate.
You can create your virtual card number but on paypal there are some terms and conditions which you have to know. Read fineprint carefully before applying for any such virtual credit cards.I have seen it works good in USA and UK based merchants.
Q: How I can get virual credit cards?
A: Visit online and you can find lots of websites where you can apply for virtual credit cards. You can also ask your local bank for the secured ones and apply for the virtual credit card.
Q: I want to go out of country for some days and want to use a credit card which can be used one time for shopping there and then close the account after coming back. Do anyone know about such a one time credit card?
A: If you want one time credit card then you must have a good credit score and must have a well established credit in your account so that they can't charge you for anything. You can also try to get a traveler's cheque credit card for using it abroad.
Q: Is it possible to have a virtual credit card for free of cost?
A: You can get virtual credit cards from various banks and also for free of cost but it depends upon their yearly schemes and your established credit. It also depends upon which type of credit card you would like to choose.
Q: Can it be possible for using itzcard as a one time virtual credit card?
A: I think its not possible as itz card is a credit card which can be used only at limited stores and places. It's not like a credit card or debit card which you want to use everywhere.Its usually used by people at IRCTC the India based railway company Indian railways online ticketing(reservation) website.
Next More common thing I came across when on my desk is regarding credit score report / free credit score report
Q: Do credit card companies does a inquiry anytime on credit reports or credit scores. Is it true?
A: yes, credit card companies do a usual inquiries about credit reports/scores. There is nothing to worry about that. They did so for knowing about your credit status so that they can helps your credit score. They can also increase your rates, limits etc. They can do this anytime but usually when you are applying for some loans,new credit cards or bank accounts.
Q: How can I get an accurate free report for my credit?
A: There are various websites from where you can get your accurate credit report or credit score. You simply have to login there and can get your report. Some of websites are annualcreditreport.com, myfico.com etc.
Q: I just want to open a new account, but before that I want to know will it affect my credit report or credit score?
A: When you are opening your account you have to start with 0% which will surely affect your credit score as it will take time to increase your credit score. Better will be having an account for long term and pay all the bills on time for building good credit score rather than opening various short term accounts.
Q: Is there any website from where I can get my credit score for free of cost or can get free credit report?
A: You can get your credit report for free but it will not authorized. For getting the accurate and authorized credit report you have to pay ofcourse, the payment will be low not to worry. Visit any credit score website and get your credit report online for a little price.
Q: I had just opened a new account for my credit score. I want to know when should I be able to increase my Credit score?
A: Credit Score depends upon various factors like Payment history, Time in bureau, Types of credit, New credit, and Debt to credit ratio. It depends upon you that how you use your credit card and pay all your bills in time. Your can also build up a good credit score after following the terms and conditions of the fineprint carefully.
Q: What is the main difference between these two - Credit Score and Credit Report?
A: Credit Score is your FICO Score which you have to build up for having a good credit history. The credit card company will manage your credit score. Credit Report is the details of your credit score. It's like knowing your all the credit history. You can ask for the credit report once in a year for free. If you want to see your credit report for more than once then you have to pay for it.
Q: Is it safe to check our own credit report? Will it affect my credit score?
A; You can check your credit score or get your credit report for free for once in a year. It will not harm your credit report. Also you can get it for twice or thrice a year but you have to pay for it. But if you want to check your cerdit score for three to four times a week or more for checking your credit in your account for shopping then the credit card company will think there is something wrong you want to do and it will check after an inquiry and can also affect your cerdit score. The credit card company can also increase your interest rates, decrease your limits etc.
Paypal is getting more popular now days irrespective of many complaints,people ask me
Q:How can I get a virtual credit card number from using pay pal. is it safe?
A: You can easily get virtual credit card number by login to your paypal account. You have to follow the steps: 1. Click at profile and then look at the financial information column where you have to click the Paypal Plugin link. 2. Click at the Secure cards and then click Generate.
You can create your virtual card number but on paypal there are some terms and conditions which you have to know. Read fineprint carefully before applying for any such virtual credit cards.I have seen it works good in USA and UK based merchants.
Q: How I can get virual credit cards?
A: Visit online and you can find lots of websites where you can apply for virtual credit cards. You can also ask your local bank for the secured ones and apply for the virtual credit card.
Q: I want to go out of country for some days and want to use a credit card which can be used one time for shopping there and then close the account after coming back. Do anyone know about such a one time credit card?
A: If you want one time credit card then you must have a good credit score and must have a well established credit in your account so that they can't charge you for anything. You can also try to get a traveler's cheque credit card for using it abroad.
Q: Is it possible to have a virtual credit card for free of cost?
A: You can get virtual credit cards from various banks and also for free of cost but it depends upon their yearly schemes and your established credit. It also depends upon which type of credit card you would like to choose.
Q: Can it be possible for using itzcard as a one time virtual credit card?
A: I think its not possible as itz card is a credit card which can be used only at limited stores and places. It's not like a credit card or debit card which you want to use everywhere.Its usually used by people at IRCTC the India based railway company Indian railways online ticketing(reservation) website.
Next More common thing I came across when on my desk is regarding credit score report / free credit score report
Q: Do credit card companies does a inquiry anytime on credit reports or credit scores. Is it true?
A: yes, credit card companies do a usual inquiries about credit reports/scores. There is nothing to worry about that. They did so for knowing about your credit status so that they can helps your credit score. They can also increase your rates, limits etc. They can do this anytime but usually when you are applying for some loans,new credit cards or bank accounts.
Q: How can I get an accurate free report for my credit?
A: There are various websites from where you can get your accurate credit report or credit score. You simply have to login there and can get your report. Some of websites are annualcreditreport.com, myfico.com etc.
Q: I just want to open a new account, but before that I want to know will it affect my credit report or credit score?
A: When you are opening your account you have to start with 0% which will surely affect your credit score as it will take time to increase your credit score. Better will be having an account for long term and pay all the bills on time for building good credit score rather than opening various short term accounts.
Q: Is there any website from where I can get my credit score for free of cost or can get free credit report?
A: You can get your credit report for free but it will not authorized. For getting the accurate and authorized credit report you have to pay ofcourse, the payment will be low not to worry. Visit any credit score website and get your credit report online for a little price.
Q: I had just opened a new account for my credit score. I want to know when should I be able to increase my Credit score?
A: Credit Score depends upon various factors like Payment history, Time in bureau, Types of credit, New credit, and Debt to credit ratio. It depends upon you that how you use your credit card and pay all your bills in time. Your can also build up a good credit score after following the terms and conditions of the fineprint carefully.
Q: What is the main difference between these two - Credit Score and Credit Report?
A: Credit Score is your FICO Score which you have to build up for having a good credit history. The credit card company will manage your credit score. Credit Report is the details of your credit score. It's like knowing your all the credit history. You can ask for the credit report once in a year for free. If you want to see your credit report for more than once then you have to pay for it.
Q: Is it safe to check our own credit report? Will it affect my credit score?
A; You can check your credit score or get your credit report for free for once in a year. It will not harm your credit report. Also you can get it for twice or thrice a year but you have to pay for it. But if you want to check your cerdit score for three to four times a week or more for checking your credit in your account for shopping then the credit card company will think there is something wrong you want to do and it will check after an inquiry and can also affect your cerdit score. The credit card company can also increase your interest rates, decrease your limits etc.
Comments