Tips on Credit Card Security and Protection

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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 » Tips on Credit Card Security and Protection

Tips on Credit Card Security and Protection


Updated: December 25, 2012

The content is accurate at the time of publication and is subject to change.

Credit Card security and protection are of prime importance, and one must ensure that all safety measures are adapted in order to curtail fraudulent practices as much as possible.

Fraudsters are always on the lookout for new and innovative ways to steal a credit card as well as the information. It is up to each individual to understand how they work and take necessary precautions in preventing the same.

Types of fraud:

  • If old receipts are not destroyed, these could become easy targets for fraudsters and they might use it to access credit card details and in turn use it to purchase items of high value either on the net or via phone. They might use it in places where the retail merchant will not require the card to make an authorization for the purchase (credit card not present scenario).
  • Credit card theft is very advanced, and fraudsters use technology to make counterfeit cards that look so genuine it is easy to pass off as an original credit card. They then use the "skimming" method to get hold of the details and duplicate the same on the fake ones through the magnetic stripe.
  • ATM fraud is probably the simplest form of fraud. Fraudsters plant devices with which they can skim the details of the credit card and subsequently use them to make unauthorized transactions or purchases at a later date. One must be careful with the PIN while doing a transaction as they could be watching.
  • One of the oldest forms of fraud is when the credit card is stolen while it is still in transit even before the cardholder can receive it, and then it is again used for fraudulent purchases.
  • Another occasion where one has to be careful is during the festive or holiday season. This is the time of the year when the card is taken out on a number of occasions each day. One must ensure that the credit card is put away safely and securely. Thieves are always prying on people to wait for that split second when one would be negligent with the credit card. This is an ideal opportunity for them to get hold of the credit card and slip away in the crowd.

Although credit cards are covered by Federal Law, it is still better to follow measures on the security and protection aspects of the credit card. In case of the loss of a credit card, one must report to the issuer immediately to avoid further or potential losses.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!