Protecting Yourself Against Credit Card Fraud by widya.aryaniz


									             Protecting Yourself Against Credit Card Fraud

Credit cards are so convenient. When you shop for your weekly groceries, you need not
look for and count whatever loose change you have in your purse and pockets in order to
pay for the exact amount, just pay with your credit card. If you are planning to treat
yourself to the latest fashionable shoes in boutiques nearest you, just whip out your card
and you have your dream pair. However, owning a credit card entails responsibilities.
And you should know how to protect yourself from fraud.

As credit cards gain popularity, fraud is also on the rise. As soon as you have your own
card, you should educate yourself with its benefits and features. Not only that, you should
be updated with the latest devious schemes fraudsters use so you can protect yourself. As
soon as you receive your credit card, immediately sign on the back portion of the card so
no one else may be able to use this.

Once you have started using your card, ensure that you file the hard copy of your sales
slips after every purchase. Once your monthly statement of account arrives, check all
your transactions against your filed slips. You may then shred your sales slips, but you
have to file your statements. You may cull your monthly statements after two years.
Aside from cross referencing your sales slips against your monthly bill, you have to
ensure that there are no double posted transactions or suspicious transactions in your
card. If you discover charges which you believe are not yours, call your card's customer
service hotline right away to report these disputed transactions.

Are you fond of online shopping? If you are, then you have to be very protective of the
three digits at the back of your card. These numbers are required by the online stores in
order to complete your online purchase. You should not share your complete credit card
details (namely your card number and the three digits at the back of your card) because
this will allow others to charge their online transactions to your card. Ensure that you
clear your login details (userid and password) after you have used a public computer so
that no one will be able to access your account later. For further protection, make it a
habit to change password every thirty days.

One very convenient and safe method of banking these days is online banking. Enrolling
and using the online banking facilities of your bank is highly recommended because this
allows you to monitor your bank and credit card transactions online, all the time. If you
receive a purported call from your bank, ensure that you do not give out any vital
information about yourself and about your credit card account. It would be prudent for
you to inform your caller that you will be calling the bank yourself for further
clarification. Remember, no banking institution will be asking you to dictate your
Personal Identification Number (PIN), nor do banks require you to give out the 3 digits at
the back of your card. Be wary and wise, and protect your credit card from fraud.

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