Why are credit cards sent by mail dangerous?
In order to increase the number of their customers, some banks send out credit cards by mail. Many recipients of these cards are unfamiliar with the terms of use and therefore make mistakes. In order not to get into an unpleasant situation, you should have certain knowledge.
Loans for such cards are issued at 20% - 30% per year.
You cannot activate the card by phone. After all, you may be obliged to fulfill a number of conditions that you do not know about. It is imperative that you visit the bank and familiarize yourself with the service agreement. It specifies the terms of the loan and the interest rate on it. Only if everything suits you, you can sign an agreement and then activate the card.
It is unacceptable to throw away the credit card. If you don’t want to use it, don’t throw it in the trash. You don't even think about the fact that someone can find and use it. The owner of this card is still you, and the debt on it is paid to you. In order to get rid of the card, it must be cut across into several parts. This damages the magnetic stripe, without it the credit card is invalid.