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Using Credit Card Responsibly through Automated Alerts

If you’re a credit card holder, then you may have some worries regarding how to use them responsibly. Unfortunately, a credit card doesn’t come with a guide to help you with it. Some of you may have already learned it the hard way. But, luck is still on your side, as it’s never too late to start again. One good way to minimize frequent use of your credit card is through receiving automated alerts. Let’s learn more about this feature through this article below. 

Automated Alerts 

Prestigious credit card networks are now mandating their users to avail of automated alerts whenever they are doing transactions with their credit cards. This is helpful as consumers become more aware of the payment due and the rate of frequency of using their credit card. With this, consumers are now more mindful to use it the next time. 

Automated alerts will also reduce the risk of fraud that is recurrent nowadays. This will alert cardholders whenever a transaction is made; and if, for instance, the transaction was done by another user or in another country, the owner can immediately block the transaction. 

Types of alerts

There are three ways to receive alerts whenever a transaction is made or when credit is due. This can be done through email, push notifications, and text messages. Let’s get to know more about these ways along with its benefits and drawbacks. 

  • Email- Email alerts are the most common automated alerts used. in fact, according to Javelin, 36 percent of the cardholders they have interviewed are receiving them. The email has been the longest way to send a notification to consumers regarding payment dues, use, and other credit card-related transaction. The problem with email is that it is not checked regularly as compared to the other ways. 
  • Text message- Around 95 percent of bank companies now allow their customers to get notification alerts via text messages. This is a good choice as most, if not all, cardholders have a mobile phone that they can easily access. This is also a perfect choice to stop fraudulent transactions, as users get notified and can do immediate actions to stop the transaction. Other companies now offer two-way texts that allow the user to respond if the transaction is legitimate or not. 

The drawback of this type, though, is that it can get annoying to receive texts every transaction. Plus, there may also be charges incurred for every text notification sent. 

  • Push notification

Other big companies now offer push notification to send alerts to their consumers. This will usually pop on your phone’s notification tray even when you’re not using the app for your credit card. This will more likely catch your attention as compared to email. Plus, they are not also as obtrusive as text alerts can be. However, this type of alert is still not being offered by other banks.

How to sign up

Bank companies are being cautious with regard to automatic enrollment due to scams and other issues. In order to get notifications from your bank, you need to follow these steps:

Email and Text notification

  1. You need to sign up or enroll in an alert through your card’s website. 
  2. Look for the alert section in the app. 
  3. Go to the part where you register your phone number, change contact details, or add text alerts. 
  4. Then, activate the service by entering the code provided. 
  5. Lastly, choose which type of alert you want to use, either through text, email, or both. Then, hit save. 

Push notifications

  1. Clarify first if your card issuer already offers to push notification as an automated alert.
  2. Download your card issuer’s mobile app. 
  3. Through the app, select the manage alerts options and click on push notifications. 
  4. Then, change the settings on your phone to allow your bank’s push notifications. 

Conclusion:

Automated alerts will not only make you wary of your credit card transactions, but it will also save you from fraudulent transactions. Opt for an automated alert that can help you check and see transactions or the due date of your credit card. Remember, it is important to regulate your credit card use to avoid having problems in the future. Use your credit card wisely!