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Credit Card Fraud Protection Tips

Saturday, May 29, 2010 - 11:04 AM
One nice thing about credit cards as compared to debit cards is that credit cards are inherently safer from both a regulation point-of-view and from how the cards work. These tips from iretireearly.com are useful for both credit card and debit card users. One thing not mentioned is setting up alerts that will email you based on a large purchase or a certain balance.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,713
1. Friday, April 26, 2013 - 5:01 AM
The best way to prevent credit card fraud is to always be careful of where you use your card. Sure they are inherently much safer to use; however, there are times, for example in a restaurant when you use your card to pay your bill and the waitress brings your card to the cashier. Whenever this happens, do not hesitate to ask the waitress to process the card in front of you. If she cannot bring the terminal to you, then it would be best to follow your card. Never let it out of your sight as you will never know when people are copying your card’s number and security code.  Another helpful credit card fraud protection tip is to apply for credit monitoring services which will alert you of any change in your score. If you have these services, you can immediately verify if the transactions are yours and if not, you are given the opportunity to immediately dispute them which in turn minimizes, if not eliminates the damage that would have happened.
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amyjk5amyjk520 posts since
Mar 29, 2013
Rep Points: 25
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