Banking (Business & Personal)

How can I protect myself from Credit Card Fraud?

Credit card fraud costs cardholders and issuers hundreds of millions of dollars each year. While theft is the most obvious form of credit card fraud, it can occur in other ways. For example, someone may use your card number without your knowledge.

It's not always possible to prevent credit card fraud from happening. But there are a few steps you can take to make it more difficult for a crook to capture your card or card numbers and minimize the possibility.  Here are some tips to help protect yourself from credit card fraud.

Sign your cards as soon as they arrive. Keep a record of your account numbers and their expiration dates in a secure place. Keep an eye on your card during the transaction. Void incorrect receipts. Destroy carbons. Save receipts to compare with billing statements. Report any questionable charges promptly and in writing to the card issuer. Notify card companies in advance of a change in address. All this and more is required to help you avoid credit card fraud.

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