TD Bank’s purchase authorization feature is a great way to keep track of your spending and make sure that you’re only using your credit card for authorized purchases. Here’s everything you need to know about how to use this handy feature.
What is purchase authorization?
Purchase authorization is a feature that allows you to set up spending limits on your credit card. This can be helpful if you’re trying to stick to a budget or if you want to make sure that your credit card isn’t used for unauthorized purchases. You can set up purchase authorization by logging into your online banking account and going to the “Credit Cards” section.
How does purchase authorization work?
Once you’ve set up purchase authorization, any time you use your credit card, the transaction will go through an approval process. This process will check to see if the purchase falls within your spending limit. If it does, the purchase will be approved and you’ll be able to continue with your transaction. If it doesn’t, the purchase will be declined and you’ll need to either find another form of payment or contact TD Bank to increase your spending limit.
What are the benefits of using purchase authorization?
Using purchase authorization can help you stay on budget and avoid overspending. It can also help prevent unauthorized use of your credit card. If your credit card is lost or stolen, you can rest assured knowing that no one will be able to make any purchases that exceed your spending limit.
TD Bank’s purchase authorization feature is a great way to keep track of your spending and make sure that your credit card is only being used for authorized purchases. By setting up a spending limit, you can avoid overspending and help prevent unauthorized use of your credit card.