Fraud Prevention : Credit Card Do’s and Don’ts

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What is better than cash? Stolen credit card is the answer. The situation worsen since the introduction of online shopping.

As such, it’s wise to be proactive in preventing such thing from happening to you. Furthermore, the responsibility always lies with credit card holders to safeguard their credit cards.

Here is a list of important Do’s and Don’ts to safeguard your credit card.

DO…
-Always treat your cards like cash.

-Keep your card number confidential.

-Sign up your new cards as soon as they arrive and cut up the old cards when they expire.

-Sign your credit card in permanent ink as soon as you receive it.

-When making a purchase, ensure that the salesperson processes your transaction in your presence.

-Check your card when it is returned to you by the cashier to ensure that it is yours and that it has not been tampered with any way.

-Total your charge slip before signing in, as blank spaces serve as an invitation for unscrupulous individuals to ass additional amounts.

-Always retain your receipts so that you can check them against your statement.

-If unfamiliar...

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