Although credit cards are increasingly becoming popular, consumers are still not using their credit cards freely on the Internet. While Internet companies have taken responsibility for security breaches and resulting losses to credit card users, the constantly growing problem of identity thieves who use stolen credit cards to make purchases on the Internet is still prevailing.
There are a lot of simple steps to protect yourself and your credit card -
Sign your card - Make a habit to sign your card as soon as you receive it.
Proper usage at ATM - When you use your card at an ATM, enter your PIN in such a way that no one can easily memorize your keystrokes.
Never leave your transaction receipt behind at the ATM.
Your PIN and account number can be obtained from a discarded receipt and could lead to credit-card fraud. Also, don’t throw out your credit-card statement, receipts or carbons without first shredding them!
Never give your credit card number in any telephonic conversation unless you have initiated the call.
Ignore any credit card offer where you need to spend money and be careful if it fails to disclose the issuer identity.
Make sure you get your card back after you make a purchase.
It is advisable to keep a list of your credit cards, credit-card numbers and toll-free numbers in case your card is stolen or lost.
Keep an eye on your monthly statements and immediately notify the card issuer of any errors or unauthorized charges.
These are some of the important and most essential things to remember while using credit cards. So by being careful and alert, one can enjoy spending using credit cards.
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Added: Thu Jul 03, 2008 3:36 am GMT 