Engineer Your Finances

A Systematic Approach To Money

  • About Us
    • Disclosure
    • Privacy Policy
  • Contact Us
  • Toolkit
  • Security
    • Credit & Debt
    • Banking & Saving
    • Psychology
    • Other
    • Optimization
    • Education
  • Self Discipline
  • Improve Returns

Reduce Your Risk Of Credit Card Fraud With These Easy Actions

Share
Photograph Courtesy Of Simon Cunningham

Photograph Courtesy Of Simon Cunningham

The number of reported instances of credit card fraud have increased dramatically over the past decade as criminals have created ever more inventive ways to illegally gain access to the credit card accounts of unsuspecting consumers. Fortunately, there are actions that you can take that will reduce your risk of becoming a victim of credit card fraud. These actions only take a few minutes of your time and require very little effort. Here are some of the best ways to reduce your risk of credit card fraud.

Review And Shred Your Credit Card Statements

One of the best things that you can do to reduce your risk of becoming a victim of credit card fraud is to shred your credit card statements after you have reviewed them each month. Reviewing each of your credit card statements when they arrive will alert you to any fraudulent charges that have been made soon after they hit the account. Credit card statements should be shredded instead of thrown away because they usually contain your complete credit card number, address and other identifying information that a thief could use to make purchases.

Only Carry The Credit Cards You Need

Some people make the mistake of carrying all of their credit cards with them at all times. If their wallet is ever stolen, they lose all of their credit cards and the thieves gain access to all of their accounts. You should only carry an all-purpose, general credit card in your wallet at all times and only carry the others when you have an actual need for the credit card. Credit cards with inactive accounts should be stored in a safe place.

Be Careful How You Share Information

By being cautious about how you share your personal and credit card information, you can significantly reduce your chances of being a victim of credit card fraud. Most companies accept credit card information online through secure websites, so there is little reason to give your credit card number out over the phone anymore. You should never share credit card information with anybody who initiates a call as a way to “verify” your account or identity. On websites, type the url of the company directly into the search bar to ensure that you are giving your information to the right company, not an imposter. You should be careful about doing finance related tasks when using an open wireless network because hackers can easily intercept sensitive information from your online activities.

Comments

  1. James says

    April 1, 2014 at 11:11 PM

    How about…not using credit cards?

    Reply
    • Renee Simpkins says

      April 2, 2014 at 9:33 AM

      Unfortunately, not using credit cards at all is not a feasible solution for many people because a credit card is needed for some common transactions, such as reserving a hotel room or a car for travel. There are also the cases where a person is issued a credit card by their place of employment for job-related expenses and they do not have much choice about using it.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FOLLOW US

Join Our Newsletter
  Thank you for Signing Up
Please correct the marked field(s) below.

1,true,6,Contact Email,21,false,1,First Name,21,false,1,Last Name,2





Our Favorite Posts

  • How Much Interest Does 1 Million Dollars Earn Per Year? by Trey LaRocca
  • 3-Month Performance Review by Fin Engr
  • Rooting Out The Devil: Kathy Kristof Interview by Fin Engr
  • Money Hackers Carnival #117: Wedding & Marriage Edition by Fin Engr
  • Interview: What’s it all about? More than Money! (Part I) by Fin Engr
  • How to Compare Rates for Mortgage Refinancing by Fin Engr
  • Want To Erase Bad Credit Instantly? 6 Hacks That Work Fast by Trey LaRocca
  • FinEngr Joins The Million Dollar Club by Fin Engr

Blogroll

  • Blonde and Balanced
  • Budget and the Bees
  • Cash Cow Couple
  • Cash the Checks
  • Clever Dude
  • Dinks Finance
  • Enemy of Debt
  • Get Rich Slowly

Categories

Our Friends



Great Investing, Simplified: Get Stock Advisor for Just $99/year!

Need to find a loan? Got a Car? Compare title loan offers near me and get the best rate.

private real estate investors

Order custom essay from professional essay writers.

Visit 123 Term Papers and you’ll receive help from the qualified writers.

Thesis writing help for all the students!

Copyright © 2021 · Runway Pro on Genesis Framework