Should You Call Your Credit Card Company Before Making a Large Purchase?
Learn why notifying your credit card company before a large purchase can prevent fraud alerts and ensure smooth transactions.
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Yes, calling your credit card company for a large purchase is advisable. Notifying them about an upcoming significant transaction can prevent it from being flagged as fraud, avoiding unnecessary account holds. Additionally, this step allows you to confirm your credit limit covers the purchase and understand any fees or rewards associated. This proactive measure helps ensure a smooth transaction process and keeps your account secure. Always verify your card's specific policies as practices may vary.
FAQs & Answers
- Why should I inform my credit card company before a large purchase? Informing your credit card company about a large purchase helps prevent the transaction from being flagged as fraudulent, which could lead to account holds and transaction declines.
- What information do I need to provide when calling my credit card company? When calling, you should provide details about the purchase amount, the merchant, and the transaction date to help the credit card company prepare for the charge.
- What happens if I don’t notify my credit card company for a large purchase? If you don’t notify them, your transaction may be flagged as fraud, resulting in a declined purchase or a hold on your account until they can verify the charge.
- Are there fees associated with large purchases on credit cards? Yes, some credit cards may charge fees for large transactions, or you may need to be aware of your credit limit and any associated rewards on such purchases.