| Getting a credit card for a new comer is a difficult task in USA. Banks and Credit Card Companies hesitate to give it to someone with no credit history. Only few Credit Unions like DCU or TCU etc. gives credit cards, to a new comer. Few Banks also provide secure credit cards, with some minimum limit. In order to get a secured credit card, you need to have an account with this Bank and some minimum deposit against this credit card. Credit card facilitates you to buy anything under your card limit, and saves you from carrying cash. This credit can be paid later on the terms and conditions of your cards APR rate (Annual percent rate). Credit cards are extremely useful everywhere, specially at places like Gas station (Petrol pumps), Rental car office, etc.
Types of Credit Card: Few known names of credit card companies
are Visa,
Master
Card, American
Express and Discover.
Company doesn't matter, the only difference is the facilities
associated with them, i.e. discount at certain hotels,
car rentals, shopping malls, air tickets etc. "Visa" and "Master Cards" are the known and widely
acceptable, and can be applied through any Bank, or
Credit Union. "American Express" and "Discover Card" can be directly
applied over the internet or phone.
What is Debit card: Debit card is something for which you don't actually get credited. The money instantly gets transferred from your checkin account, to the respective dealers account. Your check card is basically your debit card.
 Tips
- Always check for the amount you paid, before signing the receipt. Sometimes you might find some mistakes in the charges.
- Try to keep all your receipts safely, till you get your statement. It is also useful in case you need to change, or return some items to a store.
- Completely tear off and destroy all your receipts and counter slips, before throwing them away, as it contains your card number which can be misused.
- Keep all your cards safely. After you pay, don't forget your cards at the counter.
- Keep a note of all the details about your card, number, date of expiry, date of issue, and corresponding phone numbers.
- In case you lose any of your cards, report immediately to the telephone number given to you for reporting purpose.
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