Credit card fraud happens every day and in different ways. It is not always possible to prevent credit card fraud, but you can take some preventive measures to make it harder for someone to appropriate your cards and card numbers.
One of the ways to thwart the misuse of your credit cards and account numbers is to treat them as if they were cash – that is, very carefully.
How credit card fraud occurs?
Theft, the most obvious form of credit card fraud, can occur in a variety of ways, from zero-technology practices such as scrapping garbage to high-tech “hacking”. A thief could rummage through garbage to find discarded billing summaries and use your account information to buy things.
A data security incident could occur on a website of a merchant or bank where you operate, and your account number could be stolen. Perhaps some dishonest employee or waiter could take a picture of your credit card and use your account to buy something or to create another account. Or maybe you receive a call offering you a free trip or a discounted vacation package.
But they tell you that in order to take advantage of these benefits, you have to register with a club and give your account number, let’s say to reserve your place. And soon you will see that charges appear on your bill that you did not make, but the promoters of the trip that called you do not appear anywhere.
What can you do?
Incorporating a few practices into your daily routine can help you protect your cards and account numbers. For example, keep a record – and keep it in a safe place – with your account numbers, card expiration dates, and phone numbers established by each company to report fraud.
Do not lend your credit card to anyone – not even your children or your roommates – and do not leave your credit cards, pay stubs, or account statements in plain view of others at home or at home. his office. When you do not need them anymore, crush them before discarding them.
Some other anti-fraud practices:
- Do not give your account number to anyone over the phone, unless you are the one calling a company that you know is reliable. If this is the first time you have contacted the company, first search the internet to see the comments about the company and find out if there are any complaints.
- Carry your cards out of your purse or wallet. So if someone steals your purse or wallet, you can minimize your loss. And carry only the card you need for each exit.
- During a transaction, keep an eye on your card and make sure you get it back before leaving.
- Never sign a blank receipt. When signing a receipt, draw a line in all the blank spaces that are above the total.
- Save the receipts of your transactions to compare them with your account summary.
- Immediately open the invoices that arrive in the mail – or check them on the internet frequently – and check that the charges correspond to the purchases you made.
- Report any questionable charge to the card issuer.
- If you change your address or go on a trip, notify the issuer of your card.
- Do not write your account number on the outside of an envelope.
Report losses and fraud
Call the card issuer as soon as you realize that your card has been lost or stolen . Several companies have a toll-free number where they handle this type of emergency 24 hours a day. The law states that once you report the loss or theft of your card, you do not have to take any additional responsibility for the charges you did not make; however, your maximum liability for each lost or stolen card is limited to $ 50.
If you suspect that the card was used fraudulently, you may be asked to sign a statement under oath stating that you did not make the purchases in question.