Saudi Arabian banks have issued important guidelines for the protection of citizens' money, which requires citizens to be very careful and cautious when using their credit cards.
The statement was issued by the Communications Committee of Saudi Banks to inform account holders about the safe use of credit cards. The communications committee has warned that using credit cards wisely could lead to risks.
According to Saudi media, the media committee issued a warning that the risks posed by improper use of credit cards will affect the credit card holder's record. Debt repayment capacity will be affected and compliance with various financial sanctions may be hampered.
"The significant disadvantage is that if you use a credit card incorrectly, there is a risk that someone else will take advantage of your credit card," the communications committee said in a statement. You may incur a late payment of the credit fee and additional charges may be deducted from your credit card.
The Communications Committee says that the main advantage of a credit card is that it makes it easier for account holders to buy and sell. The downside is that if it is not used in a prescribed and safe way, then someone else can easily buy goods with a credit card.
Credit cards can be stolen, lost and used by many people in different ways.
The media committee directed that credit card is a very important financial resource. Credit card holders should keep an eye on this report. Arrange to pay the amount due on the due dates.
