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Our daily lives now can’t function without credit cards. They provide us with the convenience of making cashless transactions, easy access to credit, and rewards points for using them. However, credit cards come with certain responsibilities, and failure to meet them can lead to the cancellation of the credit card account. In this article, we will discuss the reasons for a credit card account cancellation. Reason for credit card account cancellation: Non-Payment of Dues The most common reason for credit card account cancellation is non-payment of dues. Credit card companies expect cardholders to make timely payments of the outstanding balance, and failure to do so can lead to account cancellation. Non-payment of dues not only affects your credit score but also leads to late payment fees and increased interest rates. It is essential to make timely payments to avoid credit card account cancellation Fraudulent activity Credit card companies take fraudulent activity very seriously. Any su

Illegal credit card charges can be frustrating and stressful, but it is important to take prompt action to resolve the issue and protect your finances. Whether it is a result of fraud, mistake, or any other reason, there are several steps you should take to handle illegal credit card charges. It’s important to take immediate action to resolve the issue. In this article, we will outline the steps you should take to dispute illegal credit card charges and protect your financial information. Step 1: Report the fraudulent charge to your credit card issuer The first step in resolving illegal credit card charges is to report them to your credit card issuer. This can typically be done by calling the customer service number on the back of your credit card or by logging into your online account and reporting the charge through the account dashboard. When you report the charges, be sure to provide the following information: ●        The date and amount of each unauthorized charge. ●     

Whether or not you should get a balance transfer card depends on your financial situation and goals. A balance transfer card is a type of credit card that allows you to transfer high-interest credit card debt to a card with a lower interest rate, usually for a limited period. Pros of a balance transfer card: Lower interest rates: The main benefit of a balance transfer card is a lower interest rate on your transferred debt. This can save you a lot of money in interest charges, especially if you have a large balance and a high-interest rate on your current card. Debt consolidation: By transferring multiple high-interest credit card balances to a single card with a lower interest rate, you can simplify your finances and make it easier to keep track of your debt. Time to pay off debt: A balance transfer card often offers a promotional period, usually 12-18 months, during which you can pay off your debt without accruing interest. This can be a great opportunity to get out of