Credit Card Study

What are Credit Cards
Advantages of Credit Cards
Applying for a Credit Card
Children and Credit Cards
Credit Card Terms and Fees
Credit Cards - The Right Tool for Merchants
Credit Cards as a Credit Instrument
Credit Cards Codes and Numbers
How Many Credit Cards are Enough
How to Select the Right Credit Card
Interest Rates for Credit Cards
Online Credit Card Usage
Risks of Credit Cards
Using Credit Card Overseas
Where to Use a Credit Card
Zero Rate Credit Card or Not

Major Credit Card Issuers
Wamu credit cards
American Express Credit Cards
Capital One Credit Cards
Chase Credit Cards
Citi Credit Cards
Diners Club Credit Cards
Discover Credit Cards
Mastercard Credit Cards
Visa Credit Cards

Credit Cards and Debt
Avoiding Credit Card Debt
Bad Credit and Credit Cards
Credit card debt consolidation
Credit Card After Bankruptcy
Credit Cards and Credit History
Getting Out of Credit Card Debt
Filing For Bankruptcy
If a Credit Card Issuer Sues You
The Optimal Credit Card Balance
Credit Card Debt Refinance

Credit Cards and Fraud
Avoiding Credit Card Fraud
Credit Card Fraud Protection for Merchants
Famous Credit Card Frauds
Famous Credit Card Law Suits
How Credit Card Issuers Cheat
Merchant Credit Card Fraud
Protect Your Card
What to Do in Case of Identity Theft
How Consumers Cheat

Types of Credit Cards
Business Credit Cards
Debit Cards vs. Credit Cards
Low Interest Credit Cards
Rewards Credit Cards
Secured Credit Cards
Student Credit Cards
Types of Credit Cards
Unsecured Credit Cards
Zero Credit Cards

Contact Us
Contact Us

Protect Your Card

With credit card theft and fraud constantly on the rise, it is inevitable to panic that this might happen to you as well. Or maybe it has already happened to you and you do not feel very happy about the convenience of credit cards because you have already experienced some of their disadvantages. Though even if you take all the necessary precautions to avoid credit card debt and fraud, there is never a guarantee that none of them will happen to you but if you are careful and know how to protect your credit card, it is less likely that you will become a victim of credit card theft and fraud. For instance, if you follow these simple rules, you can minimize the risk of credit card theft and fraud:

  • Keep an eye on your credit cards. Yes, it is really as simple as this. If you don't know where physically your credit cards are, you will not even know they are stolen. Your credit card is your money and you are responsible for it and also for all the transactions with it before you declare it missing. If you have many credit cards, it can be a challenging task to keep an eye on all of them. Maybe it will be easier to have a personal safe and keep them there when you don't use them?

  • Don't carry all your credit cards with you. If you think that the best way to keep an eye on your credit cards is by carrying them with you all the time, think twice. It is much better to keep the cards you use rarely somewhere safe than to carry all your wealth in your purse. You see, if your purse gets stolen, you lose everything.

  • If possible, carry your credit cards not in your purse. As already mentioned, when you carry all your credit cards in your purse and it gets stolen, you will lose everything – money, credit cards, driver's license, other documents. While it might be more convenient to have everything in one place (i.e. your purse), carrying your credit cards and documents separately (in another purse or a credit card holder), is much better.

  • Don't write your PIN on post-it notes, envelopes, sheets of paper, etc. Things get even worse when those who have your cards, know your PIN as well. So, as a safety measure, never write your PIN on anything, where it can be easily seen.

  • Don't tell your PIN to anybody, including friends and relatives. Your card is your personal property (and responsibility), so even if you have friends and relatives whom you trust absolutely, it is none of their business to know your PIN.

  • Change your PIN frequently. Even when you keep your PIN top secret and you have not told it to anybody, you need to change it frequently. And when you suspect that somebody might have learned it, change your PIN immediately!

  • Do not lend your credit card. Again, your credit card is your personal property and responsibility, so you mustn't lend it to anybody else, no matter how close he or she is. Your credit card is an important document and you need to keep it private. You wouldn't lend to anybody your identity card, would you?

  • Be careful to whom you provide your credit card information. Although the whole credit card system is hardly fraud-proof, the less people know your credit card number, the smaller the risk of fraud is. If you provide your credit card number only to legitimate organizations, the risk is smaller, although still present.

  • Don't respond to scam emails and don't visit suspicious sites. Emails and phone calls that ask your for your credit card number are always to be avoided. Also, never answer e-mails that tell you to go to a site and verify your information. And never go to sites that tell you that you need to confirm/reenter/change/verify your credit card information. Legitimate organizations almost never ask their customers for this information.

  • Destroy all incorrect receipts that have your credit card number on them. Do not leave documents – receipts, incorrect receipts, carbon copies, statements, etc. - in an accessible place. If you need the document, put it into your archive; if you don't – don't just through it away, first shred it to pieces.

  • Shred all credit cards that you do not use anymore. Besides unnecessary documents with your credit card number on them, another piece that needs shredding before disposing is the credit card itself. Shred all cards that you are not using anymore and only after that throw them away.

  • Keep all your receipts in order and in a secure place. After you have shred all unnecessary credit cards and documents, arrange the rest and put them in a secure place.

  • Never sign blank receipts. Trusting people is great but signing blank receipts (i.e. without the amount written on it) is simply asking for trouble, so don't do it under any circumstances.

  • Notify credit card issuers of address changes asap. If you change the address (home, office, P. O. Box) at which you receive your monthly statements, notify your credit card issuers asap because otherwise they will still be mailed to your old address, where somebody else will get them and might open them.

  • Read carefully your monthly statements. We can't overemphasize how important this is! Even if your card is not physically stolen, you can still be charged for unauthorized transactions, if you have not noticed them on your monthly statement and reported them to the issuer. Remember, reading your monthly statements is one of the most powerful weapons against credit card fraud!