Useful tips to prevent credit card fraud
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Cardholder Benefits » Useful tips to prevent credit card fraud

Useful tips to prevent credit card fraud


Updated: December 25, 2012

By
Add to Favorites:

Credit card security and protection is one of the primary things that card companies must take care of. Each year hundreds and thousands of people fall prey to credit card fraud. Despite the various security measures that are in placecriminals find it easy to steal the information on credit cards. Though science and technology has advanced to such a large extent it has not deterred these criminals from carrying out their act. This data is later used to commit fraudulent transactions. So, it is imperative that we take adequate measures and protect the safety of credit cards. There are a few tips that you should bear in mind in order to prevent falling prey to these scams.

Credit card receipts contain a lot of critical information that can easily be misused by these fraudsters.The name of the card holder, credit card number, expiration date etc., is all found on these receipts. So, you must ensure that you store these receipts carefully as you may need them for future reference. However, if you feel that you don`t need them, then you should ideally destroy these receipts by shredding them into pieces at the earliest. If you leave the receipts lying about carelessly, then you can be rest assured that you will be short of a few hundred dollars.

After the card expires or after the expiration date of the card, you must cut it into several pieces and discard in such a manner where it will not be misused. Banks normally send the replacement card in advance to ensure that the business doesn`t get disrupted. As soon as you get hold of the new card, you must ensure that you sign on the strip behind the card to ensure that it does not get into wrong hands.

Protect the safety of your PIN number. You must never reveal your PIN number to anyone. Even while you are carrying out your transactions at the ATM, ensure that no one is peeping or trying to look over your shoulder to see the PIN. To ensure that no one gets to see your number, you may cover the number pad with one hand and type the PIN number with the other. This way, you can prevent cameras or shoulder surfers from getting hold of your number.

When you shop online, you must be extra careful as there are some websites that don`t have proper encryption on their card data. So, choose websites that are secure and report fraudulent transactions immediately.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading