Discovering your credit card won’t work can be a major inconvenience. Veuer’s Maria Mercedes Galuppo has the story.
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00:00Discovering your credit card won't work can be a major inconvenience.
00:04It can happen for several reasons.
00:05You may have reached your credit limit, the issuing bank may be worried about fraud, or
00:10you may have incorrectly entered a zip code or other card information.
00:14But don't stress, according to Christy Kim, CEO and founder of lender Tomo Credit, having
00:19your credit card denied isn't something to be embarrassed or ashamed about, it happens
00:23to the best of us.
00:25Bankrate says some common reasons a credit card may be declined include hitting your
00:29credit limit, triggering fraud protection, traveling internationally without notifying
00:33the bank, falling behind on payments, entering incorrect information, or using an expired
00:38card.
00:39To avoid these issues, monitor your account closely, know your card's expiration date, and notify
00:44your credit card company of international travel plans.
00:47As Melinda Opperman from Credit.org suggests, signing up for automated reminders and alerts
00:52can help prevent your card from being declined.