How to check your credit card balance
How to check your credit card balance
Checking your credit card balance frequently is a great way to keep your
spending in check. Learn the six ways to check your credit card balance and
take care of your finances!
Knowing your credit card balance is essential, not only to keep up with
payments - or avoid, in some cases, interest charges - but also to reduce
the chances of a debt that exceeds your financial limits. By checking your
credit card you will be able to evaluate how much impact the last purchase
you made had on the Black Friday offers and thus you will know what your
spending limit is.
There are many ways to verify credit cards, from phone calls to mobile
applications. Choose the one that best suits your pace of life and keep your
finances in order.
But what is the credit card balance?
The credit card balance - also known as the credit card balance - is
the amount of money you owe to the bank or financial institution issuing the
card. This figure varies depending on your expenses and the frequency of
your payments.
Every time you use your credit card on a purchase or service payment, the
balance increases . The same happens when you make a payment to the card,
only in reverse. The balance at the end of the cycle or month - that is, on
the billing date - will be decisive for your pocket because it is the amount
to which the interest will be applied.
Keeping your balance in check is important because it will give you a good
credit history and increase your chances of enjoying higher credit
limits.
How do I know how much I owe on my credit card?
The way to verify your credit card will depend on the institution that
issued the card . Each bank, store or institution has different verification
channels, from email notifications to online profiles where you can know
your balance in seconds.
However, there are 6 ways that are -so far- the most common to verify
credit cards
:
# 1 Request a bank account cut
Or wait for the statement . Some institutions no longer send paper
statements to save time and money. Furthermore, by avoiding printing, they
are contributing to a clean and pollution-free environment. However, most
banks send account statements by email . The disadvantage of this form of
verification is that you will have to wait for the cycle to finish in order
to verify the balance of the card.
Another option is to go to a banking agency . By doing so, you can request
a cut from your credit card. The bank will ask you for your identification
document and the card number , and it will print a report without legal
validity that you can use to evaluate your expenses.
# 2 Make a phone call
The back of credit cards have a customer service phone number . You can
call from any phone and ask for your credit card balance. To do this, you
must have your identity document and the physical card at hand. Some banks
may even ask you some security questions, such as if you have a checking
account associated with the card or if you have a mortgage with the
institution.
This security check is done to prevent bank fraud. To continue with the
verification, follow the steps indicated by the system. If your credit card
has a phone security code , you may be asked at this stage of the
process.
# 3 Through online banking
Banks have modernized and now offer an online service so that their
customers can make transactions, request credits, pay for services, verify
deposits and, of course, check credit cards.
In order to access your accounts online, you will have to create a username
and password . If you have already done so, open your browser and enter the
bank's web address. Don't Google the name of the bank! Some websites use
phishing to cheat.
Be guided by the address on the back of the card or on any account
statement. Now log in and look for the credit cards section . In addition to
checking the balance, you will be able to see your recent movements and make
payments, if you want.
# 4 Activate the notification service
To increase bank security, banks have a notification service via email or
SMS . Every time you make a transaction -or at the end of the day- the bank
sends you a report with the latest movements and the current balance of
current accounts, savings accounts and credit cards .
# 5 Use a mobile app
But not just any application, but the official bank one. Many financial
institutions offer applications so that users can access their banking
profile in moments . Always download the mobile application from an official
store, such as the App Store or Google Play. Log into the application -just
as you do online- and you will be able to access a summary of your
movements.
# 6 By an ATM or ATM
If your credit card works with a PIN, you can
check the balance
at an ATM . To do so, enter the credit card, your password and follow the
steps of the system. You can choose to print the receipt or see the balance
on the screen. Never use an ATM that looks suspicious and don't let anyone
see your password. Remember to withdraw the credit card at the end.
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