Student credit card no

Before we proceed to our discussion on the topic, it is very essential for us to understand all the things about a CREDIT CARD. The first question that comes into our mind is What actually a credit card is As we all know credit means to borrow money from others. So, if the credit is obtained by means of a card it is known as a credit card. The next question that comes in our mind is about the working of a credit card.

How it actually works Basically the credit is used when a credit card holder either purchases something or wants to withdraw cash by means of a credit card. When the card holder makes any purchases through the card, his account is debited with such amount and he has to pay the amount within a definite time frame. This time frame is generally 40-50 days when there is no interest charged on the amount used by the card holder. If the card holder does not make payment by this time period, he is charged interest on the amount for which the purchases has been made. In case the card holder withdraws cash by means of a card from ATM etc., he has to pay interest from the first day of withdrawal of the amount and this rate of interest is generally higher as compare to the rates applied on the amount due to the purchases by the card holder. These credit cards are issued by the financial organization, mostly banks. Also, the students who are not doing any job have to depend upon the money given by the parents which is generally once or twice in a month. In both the situations, the students have to wait for making any payments. So the students always feel the need for an instrument by which they can make their regular and essential payments and which they can easily pay out in near future. The answer to such needs is definitely credit card.

Frauds associated with the credit cards

Though the facilities provided by the credit cards are many, still

the incidents of frauds being committed by the use of credit cards are increasing day by day. Since students constitute a major part of the credit card users, the incidents of fraud being committed by the use of the credit cards of students are also increasing day by day. Many a times students find themselves in great difficulties because of the credit cards. This asks for a check in the credit card system that can put an end to it. Though efforts are going on and some companies have come out with fraud protected credit cards, still the users especially have to be cautious about the use of credit card. One of the important constituents of the credit card is the credit card number. It makes our next part of discussion.

Credit card number and its use

Each credit card has a number that is embossed on the face of it. This is known as the credit card number. It should be noted here that the credit card number is different from the credit card account number. There should not be any confusion about this. The credit card number is also written on the back of the card, though it is not the embossed one. This credit card number is very much useful and the students should remember this at any cost. The utility of the credit card number is at:

At the time of admission of student to the college or the school, this credit card number is invariably written on the admission form so that there is no problem faced by the student in paying the fee.

When the students goes outside somewhere and takes a room in some hotel etc for stay, this number is written against his account so that the amount is debited to the correct credit card account.

Each credit card number has a corresponding credit card account number. Whenever the card is used for making purchases etc, by the use of the card number in the magnetic strip of the card, the account of the credit card is debited by the means of payment gateway.

Whenever there is some doubt about the usage of the credit card, this credit card number is noted and the transactions are then noted.

The prudent student use to check their account at regular intervals. When they want to ensure that the purchases has been made by their card or not, they first ensure that the credit card number given in the statement pertains to them only. This is the easiest way to stop frauds from occurring. If there is any discrepancy noted, the same is reported to the credit card issuing company with no time lapsed. This is the habit each student who is using the credit card should develop because the number of frauds occurring by the use of credit cards is on a rise these days. Any irregularity checked at the right time prevents any adverse incidence form happening and thus saves the students from any illegal involvement. If any search has to be made about any illegal usage of the credit card, it is made by the tracing the credit card number only.

It is evident from the above facts that the credit card number is very much important from any point of view and student should take utmost care that in all the statements given to them, it is their credit card number only that is given in the statement. If the number given in the statement is not seen properly, it may the beginning of any big untoward incident.

Last but not the least, if the credit card of the student is lost due to any reason, the first requirement or the inquiry by the credit card company is about the credit card number only. So, it is again requested to the students since they are quite innocent that, please always keep your credit card number with you all the time.

Credit card number should never be neglected

I think after the above discussion, it has become quite clear that credit card number is not the thing on the face of the credit card that should be neglected. It has to be kept always especially by the students because they are in the learning phase of the life and if proper care and vigilance is not observed by them, there may be a fraud committed through their credit card.

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