Protect Your Credit Cards

Posted by Sonya Procenko

Have you ever discovered unauthorized credit card charges on your bill? It's a nasty experience, isn't It? Summer vacation season is here so many of us are using our credit cards non-stop at hotels, restaurants, gas bars to shops.

How can you protect yourself against credit card fraud? Canadian Bankers Association offers the following 10 Ways To Protect Your Credit Cards:

1. Never leave your cards unattended at work. There are more credit card thefts in the workplace than in any other single location.

2. If your credit card is programmed to access an Automated Banking Machine (ABM), protect your Personal Identification Number (PIN) or security code. Don't write it down, memorize it.

3. Don't leave your credit cards in your vehicle. A very high proportion of credit cards are stolen from motor vehicles.

4. Always check your card when returned to you after a purchase. Make sure it is your card.

5. When travelling, carry your cards with you or make sure they are in a secure location.

6. Report lost or stolen cards immediately. Most fraudalent use of cards takes place within days of their being lost or stolen.

7. Sign the back of a new card as soon as you get it. Destroy unwanted cards so no one else can use them.

8. Make a list of all your cards and their numbers. This key information is helpful when reporting lost or stolen cards.

9. Always check your monthly statement. Make sure the changes are yours.

10. Never give your card number over the phone unless you are dealing with a reputable company. The only time you should give it is when you have called to place an order.

For more information, check out the CBA website.

Photo courtesy of www.freephoto1.com

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