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4 Ways to Avoid Credit Card Fraud

Credit card fraud is a very real danger that every card user should be aware of. The consequences are dire. These include, but not limited to, debts that are not of your own doing as well as identity theft. You might even be implicated in a crime you didn’t do in worst cases!

Of course, there are means through which you can make sure that you’re not victimized by fraudsters. Here are some simple but effective ways that you can make sure your credit card transactions are safe and will not result in stolen information.

Keep Your Details Confidential

Identity thieves can only victimize if they have an identity that lets them do their unscrupulous craft. Thus, the best way to protect yourself from credit card fraud is to deny them the information that they need in order to assume your identity for whatever purposes.

Here are a few ways that you can keep your credit card information confidential:

  • Destroy or archive paperwork that has your credit card information in detail. If you are going to dispose of paper bills, do so with a shredder so that the information is not pieced back together from the trash.
  • Avoid using hints that are too obvious and would allow thieves to guess your PINs correctly. The same applies to debit cards as well.
  • Avoid filling out information regarding your credit details on websites that are not trusted. There are lots of pharming and phishing sites out there on the Internet.

credit card information

Don’t Trust Anybody With Your Credit Card!

Remember that your credit card is for your personal use only. Don’t trust anybody, not even your own family members, to use the card on your behalf. If they require or would like to use part of your credit for their purposes, be the one to swipe the card on the reader and not them.

Fortunately, banks worldwide have safeguards put in place that will not allow anybody else outside of the credit card owner to use the credit card in a transaction. Transacting online, however, is a different story – don’t allow anyone to use your credit card details online on whatever website there is.

Always Review Your Billing Statements

If there’s a fraud going on, the first sign of it will appear on your credit card bills. Be thorough when checking your billing statements. Check and double check if there are transactions in it that you did not authorize. If you find one, chances are, your card has already been compromised and you will need to contest as well as report the transaction to your credit card issuer.

Report Lost and Stolen Cards ASAP

As soon as you determine that you’ve lost your credit card, get on the phone quickly and talk with the bank’s customer service representative. The lost or stolen card must be deactivated as soon as possible so that anyone who finds the card will not be able to make use of it.

Remember, it takes only one swipe from a skimming machine for fraudsters to steal your data from a lost card. Be quick about this one.

With these steps, you can make sure that you’ve never made a victim of credit card fraud. If you don’t have a credit card yet, you might want to check out your options at Visa Kreditkort.

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David King – who has written posts on Advertise Your Discover.