Avoiding Credit Card Fraud by:Joseph Kenny
Are you aware of how many ways there are for thieves to take access of your credit card accounts and make unauthorised charges against your account
? Simply by rummaging through old receipts that you have thrown out or left somewhere public, or by a shop assistant quickly scribbling down your card details while they are out of your sight, or by an untrustworthy seller who you give your details to on the phone, by mail or on the internet, your private account details can be taken and abused by anyone.While most of these situations are quite rare, and there are safety measures in place to avoid the abuses they highlight, it is a fact that credit card fraud and identity theft is a growing problem that is costing the financial services industry more and more each year. Therefore it is important to be aware of the potential dangers and be familiar with a few simple steps you can take to reduce the risk that you will become the victim of identity theft.
Take The Right Steps
One of the simplest steps you can take is to sign all your cards on the signature strip on the back as soon as they arrive. You can also consider carrying your cards separately from your wallet and driver's licence so that if someone were to find them, they wouldn't necessarily have your identity and address. Keep your pin numbers etc. somewhere safe and never with your cards. If it is possible, the safest thing to do is to memorise and then destroy pin numbers.
If your card is out of sight during a transaction try to see what is going on behind the counter and seek to get it back as soon as possible. While still relatively rare, there is a lot of information on your card, which can be copied and used later on. You should destroy receipts if you do not need them. You should also check carefully all your monthly statements and make sure that all charges were in fact made by you. IF you have any doubts, contact your card issuer immediately to sort it out.
Do's and Don'ts
Never leave your cards lying around where others can get access to them and don't lend your card to anyone. Don't sign blank receipts and never give your account details over the phone, by mail or on the Internet unless you are sure you are dealing with a company that you know and can trust.
If you do suspect fraud, or if you lose your cards, report it immediately to your card issuer. By following these simple steps you should be able to considerably reduce the risks of card fraud being perpetrated against you.
About the author
Joseph Kenny is the webmaster of the credit card comparison site http://www.cardguide.co.uk/ and also CreditCards121.com for the latest http://www.creditcards121.com available in the UK. He also writes for the US comparison site http://www.credit-cards-info.com. American Express SimplyCash(SM) Business Credit Card Reviewed by:Sam Donaldson A Burning Commitment to Our Cause by:Jim Clemmer Debt Reduction Solution - Play it Safe by:Amy Cook Don't Promise Too Much by:Jim Clemmer Cost Of Buying A New Car by:Joseph Kenny Don't Pay Your Minimum Balance on Credit Cards by:Michael Colucci The 10 Rules for Successful Tax-Free Income Investing by:Ulli G. Niemann General Ledger Chart Of Accounts by:John Cantrell Condos Buying Guide- How To Invest In Superior Condominiums by:Gagandeep Dhaliwal The Racy World of Property Investment by:Scott James Forgotten Point of Sale System Features | Cash In Drawer Limits by:Jerry D. Wilson Forex Trading Guide- How to deal with Forex Trading by:Gagandeep Dhaliwal Your Credit Rating by:Joseph Kenny