Credit card fraud is a very common problem. In fact, it is estimated that one out of 10 Americans have been a victim of credit card fraud.
Fortunately, there are several things that you can do to reduce your chances of being a victim of credit card fraud.
Below are some tips for preventing credit card fraud.
Shred Documents That Contain Your Credit Card Number
Many people make the mistake of throwing away their credit card statement without shredding it. This is an easy way to get your credit card information stolen.
People often dig through garbage to find things, and they could end up getting your credit card information.
Additionally, if you have an old credit card, you should cut it up before you throw it in the trash.
Opt To Use Personal Checks
You may want to limit the number of times that you use your credit card each month. Writing a personal check is a great alternative to using your credit card.
It is a great way to keep better track of your finances. It doesn’t have to be expensive to use checks either, there are a number of companies that allow you to get free shipping on personal checks.
Try looking into checks-superstore.com for cheap checks.
Keep Your Credit Card Secure
After you have made your purchase, you will need to put your credit card away immediately. People often take pictures of credit cards with their cell phones.
You should always make sure that you have your credit card with you before you leave a store or restaurant. The same rule applies for making online and over the phone purchases.
Use a trusted website that is secure if you are going to use your credit card online.
When using your credit card over the phone, be careful who you give your information to. Never give your credit card information to someone who calls you, even if they tell you what company the are associated with.
Make sure you call the company directly if you are going to use your credit card over the phone.
Review Your Statements Every Month
Many people who are a victim of credit card fraud do not even know it because they never look at their credit card statements.
You will need to review your credit card statements every month. If you see an unauthorized charge on your statement, then you should contact your credit card company as soon as possible.
The credit card company may suggest that you close your account so that credit card fraud can be avoided.
Keeping a good financial record is essential in knowing whether you are a victim of credit card fraud.
Report Lost/Stolen Credit Cards And Suspicious Activity
This goes hand-in-hand with reviewing your statements every month. Sometimes, credit card fraud isn’t as obvious as you would think. People will sometimes use stolen credit card information to make multiple small purchases.
Someone spending $30 every couple of weeks is not as suspicious as a few hundred dollars missing from you account at once. It can add up quick and continue to happen until you take action though.
If you notice a charge on your card, even a small purchase that does not look familiar to you, report the suspicious activity immediately.
If you loose your wallet or purse, make sure you report the lost credit card as soon as you notice.
Stopping thieves from you using your credit card before they have the chance is much less hassle then having to try and get your money back later.
Credit card fraud is a crime that many people have been a victim of, unfortunately.
The good news is that you can prevent yourself from becoming a victim of credit card fraud by following these steps.