Credit Information and Personal Finance Resources | Credit One Bank

Credit One CentralTM

Explore ways to manage your credit and finances with Credit One Central. These informational articles and resources can help guide you in your everyday life.

6 Reasons to Go Paperless

6 Reasons to Go Paperless

There’s no doubt that the invention of paper changed the world. Paper, and printing, made the spread of information and ideas to the masses possible. Without it, great ideas, philosophies, pieces of literature, and other information that influenced our civilization and culture might never have been recorded or disseminated. Paper has been around for thousands of years, and there’s still a place for it today.

However, there are definite downsides to using paper, which is why more and more companies are going—and encouraging their customers to go—paperless. While you and your family may never be able to go completely paperless, it is relatively easy to go paperless when it comes to receiving statements and communications from banks, credit card companies, cell phone providers, utilities, and other companies that provide services that are billed regularly.

Here are six reasons you should consider making the switch:

1. It’s More Environmentally Friendly

According to the American Forest & Paper Association, the average American uses 700 pounds of paper products each year. On top of consuming countless trees to make all of this paper, it also takes a lot of other resources, including three gallons of water to make a single sheet of paper. Disposing of it also takes a toll, as paper and cardboard account for 41% of all municipal solid waste.

While it’s true that there’s also an environmental downside to all of the electronics we use, known as “e-waste,” the assumption is that you’re probably going to own a computer or tablet or smartphone anyway. That being the case, you may as well put it to use reducing paper waste by receiving statements electronically.

2. It Could Reduce Clutter in Your Life

If you’re old enough, you may remember the days when there were “paper drive” fundraisers to earn recycling money and help reduce clutter from all of the accumulated newspapers people had stored in their garages. Those days may be gone, but paper clutter from mailed statements and other communications can still get out of hand pretty quickly—especially if you save them.

By going paperless, statement clutter is eliminated. Instead of being stored in a shoe box or filing cabinet, your statements are stored electronically. And with many companies—Credit One Bank included—you can easily access past statements online should you need to view or even print one.

3. It Makes Staying Organized Easier

This one goes hand-in-hand with reducing clutter. If your statements are stored electronically and organized chronologically, accessing them is easy—and you always know where they are.

Not so with a shoebox stuffed full of statements or even a file cabinet you only update when you remember to. And if you’re receiving company communications by email instead of via letter, you don’t need to worry about misplacing them. They’ll stay right there in your email box, where you can quickly find them with a simple search. Unless you delete them, of course.

4. You Could Save, or Even Win, Money

Companies that go paperless save money by not having to print and mail a statement to you each and every month. But you can save as well.

Some companies pass along savings to their customers by offering discounts for going paperless. And, if you decide to go completely paperless by paying your bills online as well, you’ll save 50 cents on a stamp as well as the cost of having to purchase new checks regularly.

Then there are companies—again, Credit One Bank included—that hold sweepstakes or other contests offering their customers an opportunity to win cash or other prizes for going paperless. In 2016 and 2017, Credit One Bank awarded $10,000 to the lucky winners of its “Go Paperless and Win” sweepstakes as well as another $9,000 worth of bonus prizes to other contest entrants each of those two years.

5. It’s Typically More Secure

Most reputable companies have multiple policies and protections in place to protect your sensitive data, including firewalls, anti-virus protection, limiting employee access to accounts, encryption, and more.

That said, you’ve no doubt heard about some of the recent data breaches at major retailers and at credit reporting agency giant Equifax, so know that no system is infallible. Also know that, no matter how secure a company’s website is, if you do things like use a public WiFi network at your favorite coffee shop to view your credit card statements, your information may be more vulnerable to being compromised. But there are a number of things you can do to help protect your data on your end to help minimize any risk.

As far as the security of paper goes, if you have a printed copy of a statement with your personal information on it, gaining access to that information is merely a matter of obtaining the document. Stealing a printed statement from a mailbox is one of the easiest ways to obtain personal information, and the U.S. Postal Service received over 60,000 complaints of mail theft in 2016 alone.

Identity thieves aren’t afraid to get their hands dirty, either. Rummaging through trash for statements and other sensitive hard-copy documents is another way they can gain access to your personal information.

6. It’s Easy to Do

Once you’ve decided to go paperless, it’s typically just a matter of making a phone call or logging in to your account to make it happen. For example, if you have a Credit One Bank account, all you need to do is sign in to your account and select “Documents & Statements” to get started. We’re talking a minute or two max to enroll—less time than it takes most of us to walk to the mailbox and sort through our mail.

Going paperless may seem like a big change, but if you’re like the majority of folks who’ve done it, you’ll probably soon wonder what took you so long. With a phone call or a few clicks, your statements can go the way of the phone book, once considered an essential item in most every household. And when’s the last time you used a printed paper directory to look up a number or address?


 

« Return
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.
Credit One Bank Testimonials

Customer Testimonials & Success Stories

Looking to reach your financial goals? See how Credit One Bank helps people purchase a house or car, handle emergencies and build their credit.

Read More

See If You Pre-Qualify Today

With a Credit One Bank Platinum Visa®, you'll earn 1% cash back on eligible purchases, terms apply, and receive many benefits like free online access to your credit score and $0 Fraud Liability.

In less than 60 seconds, find the card that's right for you!



Credit One Bank Credit Card

 Terms of Use 

Credit One Bank maintains our various websites (hereinafter referred to as "website") as a service to our customers and visitors in order to provide information about products and services and to facilitate communication with us. We require that all customers and visitors to our website adhere to these Terms of Use. By accessing our website and any of its pages, you indicate your acknowledgement and acceptance of the Terms of Use set forth herein without limitation or qualification. We may revise the Terms of Use at any time by updating this posting. You should therefore visit this posting to review the Terms of Use from time-to-time as you visit the website. For the purposes of these Terms of Use, references to Credit One Bank include its affiliates, directors and employees.

COPYRIGHT - The information and materials contained in the website, including but not limited to text and images herein (excluding certain images licensed from third parties) and their arrangement are © Copyright 2015 by Credit One Bank. The information and materials contained in the website may not be copied, displayed, distributed, licensed, modified, published, sold, used to create derivative work or otherwise used for public or commercial purposes without the express written permission of Credit One Bank.

LIMITATION OF LIABILITY - We use our best efforts to include accurate and up-to-date information and materials on the website, however, information and materials on the website are provided "as is" without any warranty of any kind, either express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose and non-infringement. Furthermore, we make no representations as to the accuracy or completeness of the information. The information and materials on the website may include technical inaccuracies or typographical errors. From time-to-time we may amend, change, add, delete, update or alter the information and/or materials contained in the website, including information regarding the products and services described or offered on the website, without notice. We assume no liability for any errors or omissions in the information or materials contained within the website and expressly disclaim any responsibility to update the information or materials contained within the website. By using the website, you acknowledge that we specifically disclaim any liability for any direct, indirect, special, unsolicited or consequential damages, losses or expenses arising out of your access to or use of the website, even if we have been advised of the possibility of such damages, including liability associated with any viruses or software which may impact a user's equipment.

GOVERNING LAW - You agree that your use of the website shall be governed by all applicable Federal laws and the law of the state of Nevada.

INFORMATION SUBMISSIONS - All information and materials (including but not limited to feedback data, documents, questions, comments, and suggestions) you submit to us via the website or email shall be deemed to be the property of Credit One Bank and may be used by us in a manner consistent with our Privacy Policy. We shall be free to reproduce, use, disclose, exhibit, display, transform, create derivative works and distribute this information and materials to others without limitation. Furthermore, we shall be free to use any ideas, concepts, know-how or techniques contained in such information or materials for any purpose whatsoever, including but not limited to developing, manufacturing and marketing purposes. Application information submitted to us shall be treated confidentially to the extent required by applicable law or as disclosed in the application and/or supporting materials.

ADVERTISING DISCLOSURE AND LINKS TO OTHER WEBSITES - We do not provide, endorse, nor guarantee any third-party product, service, information, or recommendation available through links from this website. The third parties providing products and services available through this website are not affiliated with us and are solely responsible for their products, services, information, recommendations, and all other content on their websites. We shall not be held liable for any third party's failure with regard to such advertised products, services, and benefits. Many of these advertised products and services are not FDIC insured, nor bank guaranteed. By responding to offers advertised on this website, you may be communicating information about yourself to the company that provides such product or services - for example, that you are a Credit One Bank customer. Please be aware that these third parties may have a different privacy policy than ours. Their website(s) may also provide less security than ours. We encourage you to check individual offers, products, and services to become familiar with any applicable restrictions or conditions.

×
 Security & Fraud  

We are committed to protecting the security of your personal information. We list some activities below that we perform in order to safeguard your data and some tips that you can follow to protect your security.

What We Do:

  • We employ industry-proven standards and technologies to protect information in our computing environment.
  • We protect our systems and networks from the Internet with Firewall systems.
  • We use 128-bit SSL encryption technology to protect sensitive information that is transmitted over the Internet.
  • We maintain a Global Digital Certificate signed by Verisign® that assures you are, in fact, communicating directly with Credit One Bank.
  • We control access to your information inside our company by limiting employee access to systems and data.

What You Should Do:

  • Protect your Username and Password. Avoid choosing easily guessed words or numbers. Avoid writing your Sign In information in a place where others can view it.
  • Use the "Sign Out" button to Sign Out from Online Account Access upon completion of your session and close your browser.
  • Do not use email for account-specific questions. Email is not normally encrypted and your account information could be intercepted.
  • Review your statement information regularly for unauthorized transactions.

Alerts Regarding Phishing and Web-Spoofing:

  • Phishing is an Internet scam (spoof) in the form of an email or pop-up box. The emails and pop-ups link to sites that look like well-known legitimate businesses and ask you to provide and confirm personal, financial, or password information.
  • Legitimate businesses do not ask for this information unless you initiate a request for a service. Please DO NOT RESPOND to these emails requesting personal identity, accounts or password information.
  • Scam emails often contain misspelled words, poor grammar, awkward or unprofessional writing and typos.
  • Be suspicious of urgent or alarming appeals that request security information.

Fraud Alerts:

  • Credit One Fraud Alerts messages are provided to you at no cost. You will not be charged for alerts received.
  • Message frequency varies, as they are only sent when there is suspicion of fraud.
  • Mobile carriers are not liable for delayed or undelivered messages.
  • For help send HELP to 89283.
  • Send STOP to 89283 to end future fraud alert messages.
  • For support contact us at 1-877-825-3242.

To learn other ways to avoid email scams and deal with deceptive spam visit the Federal Trade Commission site at www.ftc.gov/spam

×

You are leaving CreditOneBank.com

If you the 'Continue' button, you will be directed to a third-party website unaffiliated with Credit One Bank, which may offer a different privacy policy and level of security. Credit One Bank is not responsible or liable for, and does not endorse or guarantee, any products, services, information or recommendations that are offered or expressed on other websites.

the 'Return to CreditOneBank.com' button to return to the previous page or 'Continue' to proceed to the third-party website.

Return to CreditOneBank.com Continue