The Best things to prevent credit card fraud? Credit card scams are everywhere, and credit card fraud is growing it is the biggest problem nowadays.
In today’s information age, your credit card information at risk of being stolen. Fortunately, you can try to avoid credit card fraud by keeping your credit card information extra secure.
As the technology to facilitate life progressed, so did fraudulent techniques to trick credit cardholders. No matter how secure your wallet is, fraudsters find ways to use your credit card without your knowledge.
What is credit card fraud?
Credit card fraud occurs when someone uses your credit card without your permission. They can use it to make purchases or withdraw funds.
Credit card fraud can occur when someone steals your physical credit card. This can also happen when your credit card data is stolen and used online.
Another form of credit card fraud involves identity theft. This can happen when someone uses your personal information to open a credit card & Credit Score in your name.
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What is a credit card scam?
A credit card scam is a lie or trick used to get your credit card information. It can be as simple as a phone call from someone pretending to be your card issuer.
There are even more complex scams that involve fake web pages designed to look like your issuer’s login page.
Credit card scams are extremely common. They can also occur in person, over the phone, via email, or through social media.
These are The Best things to prevent credit card fraud are following:
The Best things to prevent credit card fraud
1. Keep Your Credit Cards Safe
One of the simplest ways to avoid credit card fraud is to protect your credit card from thieves. Keep your credit card in a purse or wallet near your body, where it is not easily snatched away.
If you are shopping in a high traffic area, carry a small purse as it is difficult to steal or sneak into it. For both men and women, carry only one or two credit and debit cards that you will use that day. Leave all your other credit cards at home.
Thieves may take pictures of your credit card from a camera or cell phone, so do not expose your credit card for an overdose.
Remove your credit card immediately after making a purchase. Return your credit card to your possession before leaving the store or restaurant.
2. Avoid sharing card information
One of the most common methods for credit card scammers is calling a cardholder as a customer service representative, and removing confidential details.
It is important to be very cautious while giving your credit card number or any other confidential data over the phone.
A bank or financial institution never takes the initiative to call for such information. Provide your credit card details only when you call bank officials or the helpline number given on the back of your card.
Provide only your credit card number or other sensitive information that you initiate. Not only this, when you call your credit card issuer’s customer service, use the number on the back of your credit card.
Do not call the phone number left on your answering machine or be sent to you in an email or text message. It is difficult to ensure that a scammer has not left a fake number to call you.
Do not give your credit card number to anyone who asks you to ask for the number. Credit card thieves are known as credit card issuers and other businesses giving you your credit card number.
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3. Be Safe with Your Credit Card Online
As the number of online shoppers is increasing rapidly, scammers have gone online to trap cardholders.
Do not click on the email link of anyone who looks like your bank, credit card company, or other business, even if that email is legitimate.
These links are often phishing scams and scammers trick you into entering your login information on your fake website. Instead, go to that business’s website to log in directly to your account.
Also, note that credit card companies and financial institutions never ask for such details online. Also, make sure that you check the web address when logging into your bank or credit card account: the page should start with ‘https’, not ‘http’.
Make sure that you are alert when you are using your credit card online. Only enter your credit card number on secure websites that you can be 100% sure of.
To ensure that a website is secure, look for https: // in the address field and a padlock icon in the status or address bar of your Internet browser. Taking these additional steps will help you avoid credit card fraud.
4. Report Lost or Stolen Credit Cards Immediately
The sooner you notice a missing credit card, the sooner your credit card issuer can cancel your credit card and stop fraudulent charges.
Reporting your lost or stolen credit card as soon as possible reduces the likelihood that you will have to pay any fraudulent fees incurred on your credit card.
Write the customer service number of your credit card companies now so that if you never lose your credit card, you give it to them.
5. Review Your Billing Statements Each Month
Unauthorized charges on your credit card are the first sign of credit card fraud. If you incur a charge that you have not made, no matter how small, report the charge immediately to your credit card issuer.
Your credit card issuer will tell you if you should close your account and obtain a new account number to avoid credit card fraud.
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6. Make Strong Passwords and Keep Them Safe
Your credit card number can be stored in many places online. For example, you can save your credit card on Amazon so that you can make one-click purchases.
Make sure you use strong passwords with a combination of upper and lower case characters, numbers, and even characters, and avoid writing or sharing your password.
7. Don’t share your pin
This may seem a little obvious, but the security of your PIN is important to protect the health of your credit card. Remember that you are not selecting your pins or missing them using any of the following combinations (or parts of them):
- consecutive numbers i.e. 1,2,3,4
- birthdays
- social security numbers
- license numbers
- personal telephone numbers
- car registration numbers
- your name
- family members’ names
Also remember to always keep your banking PIN separate from other common PIN numbers, such as your unlock code on your phone, and do not give your PIN to others.
8. Don’t Sign Blank Credit Card Receipts
Always verify the amount on your credit card receipt before signing. If you get a credit card receipt that has spaces, write $ 0 in those places or draw them before you sign your card.
Otherwise, the cashier can write in an amount and send the purchase to your credit card issuer.
9. Check Gas Stations and ATMs for Credit Card Skimmers
Credit card thieves sometimes place credit card skimming devices on credit card readers in gas pumps or ATMs.
These skimmers capture and store your credit card information and credit card thieves later return to obtain the device.
Skimmers are placed on regular credit card swipes, so if you see anything about the location swiping your credit card, go to another gas station or ATM.
10. Be an Alert customer
Do not ignore your detailed credit card bill every month. Check for any discrepancies, inexplicable fees, or transactions, and report this to your credit card company.
However, In case of theft or fraud, report the incident immediately to avoid payment of transactions made on the card.
Fraudsters are constantly looking for new ways to dodge you. The only way to avoid such tricks is to be vigilant and take utmost care of your credit card. using these The Best things to prevent credit card fraud.
Frequently Asked Questions
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