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Anti Credit Card Fraud Tips

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Being a responsible credit card owner goes beyond making payments on time; it also means protecting your card from fraudulent acts that can put you and your finances in danger.

Credit card fraud is downright damaging to your finances and your reputation so you need to make sure that you are protected against it. Don’t wait until you see unfamiliar transactions on your next monthly billing statement before you start doing the defensive measures that can deter thieves and con-artists from using your name and money. Here are some tips that can help prevent credit card fraud.

Remember that your credit card is just like cash, so keep it secure and never leave it unattended.

If you own any expired credit cards, cut them up because they can still be useful in fraudulent transactions.

Always sign your credit card as soon as you receive it because unsigned credit cards are more prone to unlawful and unauthorized use.

If somebody calls you and asks for your credit card information (i.e. your account number), do not entertain that call. Generally speaking, you never give your card number to anyone unless you initiated the call to a reputable institution or a company.

While some credit cards have pictures, it should never be solely used as an identification card or as a reference to prove your identity.

  1. Remember that the card is non-transferable, so it should never be used by anybody else.
  2. Always double check the sales invoice or transaction slip before signing it.
  3. Never entrust your card to individuals offering cash conversion or additional credit limit.
  4. After using your credit card for a transaction, claim it immediately and keep your transaction slips in a secure place so you can compare them later on with your billing statement.
  5. Keep an eye on the person handling your credit card and beware of card skimmers used in “swipe and theft” scams. Skimmers record information from your card’s magnetic stripe so they can be uploaded in a computer.
  6. Your billing statements should also be stored in a secure place. Destroy them if you wish to throw them away.
  7. Notify your bank immediately if you want to change your billing address.
  8. Check your credit cards regularly to see if one of them is missing.
  9. Keep records of your card details in a safe place to serve as ready reference if you want to call the bank to report a stolen or lost credit card.
  10. Save the customer service number of your bank or credit card provider in your mobile phone so you can easily contact them.
  11. Never disclose your PIN and passwords and regularly change them if you can.
  12. If you lose your card, report it immediately.
  13. All your personal information should be kept private, including your mother’s maiden name, social security number, home address, and your email address. Only disclose information when you initiated the call to the official customer service call center of your credit card provider or bank.
  14. Always check your transaction history and look out for unauthorized transactions. You should also keep a record of all transactions where you used your credit card.
  15. Install a reputable antivirus program and firewall in your computer.
  16. Only shop in secure websites and reputable websites with updated data encryption systems.
  17. When using your ATM, make sure other people cannot see the screen. Only use ATMs that are in well-lit locations. If you suspect that the ATM has been tampered with, avoid using it.
  18. Always log-off from an internet banking website even if you are using your own computer. Also, don’t forget to clear the cache and your browsing history.
  19. When online shopping, be sure to read the “FAQs” and “About” sections of the website before making a transaction to find out about its disclosure policies.
  20. If you are using your mobile phone for banking, do not let anyone know about it. If your cellphone is stolen, immediately report it to the bank.



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Featured Articles:

HSBC Credit Card

Ever thought of getting a credit card but don’t know where to start? For majority of cardholders we know, credit cards are terrific tools that certainly have very great advantages.

We at comprecreditcards.com.ph have surveyed many customers and here is what came out…

Its very handy payment. That’s the big thing, right? You don’t have to worry about being robbed or something because you don’t have that big cash with you. Even if you’re just making small purchases, it’s a big help. Plus, the fact that we are in the on-line shopping age, it’s a total must have.

On the spot loans. When you’re short of cash, a credit card will be there to save you from the embarrassment of not being able to pay as it will help you make up for your purchase. To avoid any fees, just pay your balance in full.

You have no idea as to where you’re spending your money? People have the tendency to say they don’t know where half of their money went. With a credit card, you can easily track your purchases on your monthly payments. So if you think your wife spent too much for the month, check on your bill, who knows, it might even be you…

It’s easier to pay off. It’s easy to pay credit card bills. All you have to do is find an ATM with your checking or an easy account transfer. Good news is you don’t have to wait a month to pay it off. And guess what, some even lets cardholders pay their bills ONLINE. So say goodbye long lines; Hello to convenience!


You get rewards.

Every time you make transactions you earn point or “rewards” that you can exchange for either gift checks, vouchers, exclusive items or maybe the cash back system. We’re not saying that you use your credit card non-stop to avail of these, but as a matter of fact, it is a nice bonus.

Very exclusive deals. How would you spell exclusive? Its “c-r-e-d-i-t-c-a-r-d”. Why? Because you get a lot of high class services that are only available for those people who hold the cards. Sometimes its discounts on products, dining and traveling first class. Remember the times when you really wanted to buy something and you were able to buy it because of the discount my credit card was able to give me.

We can go on and on with these, but nothing is really important than learning it by experience. Everything has its ups and downs. It’s up to you, as the card holder, to become responsible in how you manage your money. Look into the bigger picture of how credit cards make life easier and who knows you might just even love it. Just be responsible and a word of advice, pay your dues on time, all the time…