Did you know that your credit card company can cancel your card for any number of reasons, and if they don’t have a reason they have a clause for that too?
Don’t get caught on the road needing to use your credit card and finding out – the hard way – that it has been cancelled out from under you. Trust me – it happened to me.
Now, I’m all for using credit cards; they’re a safe easy way to cover expenses on the road, and they can also be instrumental in racking up valuable frequent flyer miles: a secret to my ability to fly in business class for less than the price of economy tickets.
But credit cards need to be managed actively, from calling in and providing travel alerts so your card isn’t frozen on the fly when you use it in a foreign country, to watching transactions closely to fend off fraudulent activity, to using it regularly to avoid cancellation for non-use.
Here’s an article that explores all the reasons why your credit card might be cancelled, why credit card cancellation is a problem, and some preventative measures to reduce the risk of it happening to you.