"Protecting Yourself from Credit Card Fraud"
Protecting Yourself from Credit Card Fraud
Credit card fraud happens when someone steals your card information and uses it without your permission. It can lead to unauthorized charges, damaged credit, and a lot of hassle. Fortunately, there are clear steps you can take to protect yourself.
1. Monitor Your Accounts Regularly
Check your credit card statements frequently for any unfamiliar charges.
Set up account alerts for transactions, especially for large purchases or international activity.
2. Keep Your Card Information Secure
Never share your credit card number, PIN, or security code with others.
Avoid sending your card details via email or text.
Use strong, unique passwords for online accounts connected to your card.
3. Use Secure Websites
Shop only on websites with “https://” in the URL and a padlock icon.
Avoid using public Wi-Fi to make purchases or access financial accounts.
4. Be Cautious with Physical Cards
Keep your card in a safe place and never leave it unattended.
Report lost or stolen cards to your issuer immediately.
5. Beware of Phishing Scams
Don’t click on suspicious links in emails, texts, or phone calls asking for your card info.
Verify the identity of anyone contacting you about your accounts by calling your card issuer directly.
6. Use Credit Over Debit When Possible
Credit cards often offer better fraud protection than debit cards.
Unauthorized credit card charges typically won’t affect your bank balance while under investigation.
7. Consider Virtual Card Numbers
Some issuers offer temporary or virtual card numbers for online shopping, limiting exposure of your real card details.
8. Review Your Credit Reports
Check your credit reports annually for any signs of identity theft or fraud.
You can get free reports from the three major credit bureaus once a year.
What to Do if You Suspect Fraud
Contact your credit card issuer immediately to report suspicious activity.
Freeze or cancel your card to prevent further unauthor