With the increasing use of credit and debit cards as payment options comes the risk of fraudulent credit card activity. Writing paper checks and paying in cash is becoming increasingly less common, so it’s important to learn how you can protect your hard-earned money from going into the wrong hands. Thieves don’t even have to have your actual credit card to make fraudulent purchases; they simply need your credit card information. Completely abstaining from all card usage would be a rather extreme and inconvenient method to avoid credit card fraud. However, there are steps you can take to protect your credit card:
Take Immediate Action If Your Credit Card Is Stolen
If your credit card is stolen, alert your credit card company immediately so that you will not be held accountable to fraudulent charges. Your credit card company will most likely cancel your card as soon as you report it, and most credit cards have phone lines open at all times of day for you to report fraudulent activity.
Contact Your Credit Card Company If You Made A Purchase At A Store With A Security Breach
Remember when Home Depot was hacked into in 2014, and millions of consumers’ credit card information was at risk? A similar security breach occurred at Target before, and other security breaches will most likely inevitable in the future. If this happens to you, contact your credit card company immediately so that they can replace your card.
If You’re Not Using Your Credit Cards, Leave Them At Home
When you are out and about, you are less likely to have your credit cards stolen if they are not on you. Enough said.
Notify Your Credit Card Company If You Are Traveling Far Away Or If You Are Moving
As a security precaution, credit card companies may immediately block cards when transactions occur in areas you normally do not frequent. If you are using your credit card overseas for your dream vacation, a blocked card could be very inconvenient.
Request To Check ID On The Back Of Your Card
In the area on the back of your credit card where you normally write your signature, write, “ask for ID” instead. This encourages cashiers and servers to check the identification so that thieves will not use your credit card.
Shred Your Expired Credit Cards
When you close your account or your card expires, shred your card. If you do not have a card shredder, then cut your card up into several small pieces. This ensures that nobody will try to reopen your credit card account or open a new account in your name.
Avoid Giving Your Credit Card Information Over The Phone
When people call you and ask for your credit card number, do not give it to them. This is a scam that many people use. Also, when people email you asking for your credit card information, avoid disclosing this information to them.
By following these guidelines, you can help protect your credit card from fraudulent activity. If your business is looking for a secure payment gateway service, then contact our payment solutions company today. We include some of the best credit card processing services available.