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Home > Personal Finance > How To Ensure The Safety Of Your Credit Cards

How To Ensure The Safety Of Your Credit Cards

George Sterling | Friday, November 23rd, 2012

Every individual’s worst nightmare is to have his or her credit card information stolen. Plenty of people lose their credit card information on the internet and in shops and therefore, it is extremely important to use your credit card securely.

Today, I am going to discuss some important tips for using your credit cards in stores.

  • Always keep receipts for your purchases and conduct a compare/contrast of the amount you are charged that shows up on your monthly bank statement. There can be errors and make sure you always report them.
  • Never waste a second to report theft or loss of your card
  • Take the card back from the retailer as soon as you have been charged
  • Make the most out of Zero Liability in case fraud occurs. Also, check your monthly statement for unauthorized transactions. If you are able to show that you weren’t the one who made the fraud transactions, the bank will be liable to pay you your money back
  • Don’t hand out your personal information to merchants, even if they are persistent. Instead of giving your personal information, only give the card and sign on your purchase receipt.
  • Don’t ever give your credit card number on the phone.
  • Get in touch with your credit card provider and see if they can give you extended warranty and purchase security as these two things will protect your purchase from loss, damage and theft.
  • If you get a new card, always sign on its back and completely destroy unused or expired cards
  • Don’t leave your credit card unattended wherever you are; majority of the credit card thefts take place at work or school, when people leave their wallets or bags unattended.
  • Never hand out your credit card number via email.
  • While using your credit card on the internet, always conduct transactions on secure websites. Secure websites have a padlock on the bottom of the page and have a URL that starts with https. Internet is the worst place to use your credit cards but when you have to use it, always use it wisely and on trusted sites.
  • Keep a list of your credit cards and numbers. Put the list in a very secure place and not your wallet. This will help in facilitating ease if your card gets stolen because you will be able to report them the theft right away and avoid misuse.

Credit card thefts are common but by being careful on your part, you can always stay away from trouble and losing your valuable money.

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