CREDIT CARD PROBLEM

Monika Roszkowska, Julia Zawistowska, Monika Stypułkowska

 Plan of
presentation
❖What we do with credit card
❖ Advantages and Disadvantages of paying with a credit card
❖Problems with credit cards and how to solve them
❖Future for credit cards
❖Fun facts about them
❖Story about a stolen credit card
CREDIT CARD
• Building credit history.
• No accrued interest if bill is paid on time and in
full each month.
• Credit cards work in any currency.
• Security

• Established credit-worthiness needed

before getting a credit card
• High-interest rates if not paid in full by
the due date
• Fee charged for late payments
• Annual fees for some credit cards
 Common credit cards problems and solutions
▪ Lack of enough credit history
- Take action to help build your credit history responsibly
▪ Denied credit application
1. Find out why your application was denied,
2. Review your credit report
3. Improve your credit history
▪ Fraud and identity theft
1. Reviewing your credit reports each year
2. Reporting any inaccurate or suspicious information
3. Fraud alert or security freeze
 Future of credit cards
▪ Leaders in Credit Card Innovation
- Visa and Mastercard have released biometric credit cards.
- America Express acquired the Mezi- personal travel assistant app.
- Discover has launched alerts for cardholders
▪ Expect More Innovative Security Solutions
- Magnetic strips will be completely wiped out in the near future.
- The dissolving plastic
▪ The Future of Credit Cards Might Be Cardless
- Mobile payment technology may eliminate the use of physical cards.
- Facial recognition
 ▪ 1. There are 10,000 worldwide
credit card transactions every
second
▪ 2. There are enough credit cards
Some surprising in circulation to span the earth
facts about credit more than 3.5 times
cards ▪ 3. Single women could not get
credit cards until 1974
▪ 4. The first cardless transaction
occurred at a petrol station
 Weirdest Thing Ever
Done with a Stolen
Credit Card

• Story about 400 Cigarettes

 Quiz
1. What we can do with a credit
card?
- make payments, withdraw funds,
make transactions online

2. What is one of the common

credit cards problems?
- Lack of enough credit history/Denied credit
application/Fraud and identity theft.

3. Where the first card

transaction was made?
- At petrol station
Thank you for your attention :)