Recently, I have been very busy with my Professional Life and was missing to write in my blog. I visited Canada a few days ago and saw lots of promotions for the so-called MASTERCARD, Credit Card, and others. Even as a visitor(present status), I secured a Mastercard for C$12,000, which is a considerable amount. I was wondering WHY and WHY?
How you wield that little piece of plastic can reveal how well you care for your home, the state of your marriage, whether you’re a customer worth keeping and a lot more.
You don’t have the best manners
If you call even one time and get angry or use profanity, Credit Card companies may put a note on your account that you are a “verbally abusive” caller. Every time you call in after that, the customer service rep will be on guard. Here are some other behaviours that automatically make you seem like a jerk.
You’re having marital problems
Most credit card companies comb through cardholder data for signs of financial trouble, and they may use that to lower your credit. A Federal Trade Commission suit against CompuCredit, which marketed the Visa Aspire card, accused the company of lowering available credit to customers who used cards for marriage counselling, bars, or pawnshops.
Whether you take good care of your home
One study found that people who buy carbon monoxide monitors and pads for chair bottoms rarely miss their credit card payments. If we protect your things, we may also want to protect our credit score. There are lots of easy ways to improve your credit score.
What you did last summer (and the summer before that)
Credit Card companies track your favourite places to visit. They also know your top ATMs and when you usually log in to your mobile app. Paying attention to those things is one of the ways we catch fraud. These are some things that happen right after your credit card gets stolen before they work on the user analytics.
You’re the boss
If a responsible customer asks for a lower interest rate, there’s a good chance Credit Card companies will say yes. A Synergistics survey found that 78% of cardholders who asked for a lower rate received one.
Where you are at this very moment
If you’ve enabled location-based services in your card’s app, Credit Card companies can follow your movements around town and send coupons for nearby merchandise. Thanks to new tracking technology, Credit Card companies hope to follow you inside a store soon to record how long you spend in each aisle. To make matters even scarier, your credit card info might have been stolen if you ate at this fast-food restaurant.
You’re due for a shopping trip at Target
Credit Card companies work with marketers to create special offers for you, based on your purchases. If you were a regular shopper at a particular shop but haven’t been back in a while, a digital coupon from the retailer may pop up in your bank’s mobile app (or from a competitor trying to lure you away).
You’re a small-business owner
Credit Card companies love small-business owners. They tend to make a lot of purchases and rack up charges on their cards. Sometimes Credit Card companies buy lists of new limited liability companies and corporations to send them business credit card offers.
You’re an avid Traveller
It is pretty standard for people to travel; while travelling using credit cards, record many data about your travel dates, sleep cycle, and even your favourite brands. It is good to have the right mix of shopping because these credit card companies are more competent than your wife or girlfriend.
Whether you’re worth hanging on to
When you call customer service, the reps at some companies see a green or red indicator on their screen based on your risk score. That tells them whether to try to keep you as a customer.
Everything is negotiable
Credit card companies like to keep their losses at a minimum. That means that they may be more willing to work with you to get your business or even settle with you if you owe a large amount of money. Don’t like something your credit card company is doing, like charging you too much interest? Call them and ask them to change it. While they may not be able to give you what you’re asking for, you may at least reach some middle ground with them.
What your signature looks like
If you’re not sure a charge is legitimate, most credit card companies can send you a copy of the receipt. Your signature is more authentic.
You’re clueless about your card’s benefits
Many cards offer perks such as rental-car insurance, trip cancellation insurance, and even a personal concierge, but you probably don’t know about them if you haven’t read the fine print. I found that I have CFAR (Cancel For Any Reason) Insurance on the card, which was highly beneficial during this COVID pandemic.
You’re about to cancel
Credit Card companies analyze data to flag you if you haven’t been using your card or other signs you might close your account. Credit Card companies may send you a promotion in an attempt to keep you.
You talk too much
To build rapport with customers, Credit Card companies often train customer-service reps to stay on the phone as long as the customers want. Some lonely ones remain on the line for more than an hour. Make sure you don’t fall for these phone scams that could steal your money.
A lot of things way beyond this can also be tracked by Credit Card companies. Internet usage, call usage and much more. Be prepared, and this doesn’t even come in the thin flimsy layer of GDPR or Data Protection acts because of their Fine Prints.
