Credit Card Fraud Protection
Where there’s money, there’s a possibility of fraud and theft. So we need credit
card fraud protection to avoid the possibility of credit card fraud. In fact credit card fraud
protection is even more essential now than ever before.
So how do you protect yourself from credit card
fraud protection? Quite simply, two things: first is taking adequate precautions to prevent
fraud from happening on your credit card and the second thing is to take immediate action once you detect or
suspect that a fraud has been committed or can be committed.
List of precautions against credit card fraud
1. Sign your credit card
Every credit card has a small white space on their back side where you are required to ink your signature. All
the credit card suppliers include this as an important instruction at the time of credit card delivery. This
signature helps in checking the identity of the credit card holder and is used by most shops as an important
So in the event of you losing the card, this signature at the back of your credit card can act as a protective
mechanism to prevent fraudulent use of your credit card. So let go of that laziness and sign your credit card as
soon as you receive it. A lot of credit card suppliers are also offering photo credit cards nowadays i.e. credit
card with your photo on it to provide credit card fraud protection.
This is an even stronger identity verification mechanism and you should surely go for such an option if it is
2. Never lose sight of your credit card
Be it at a theatre ticket desk or a shop or a restaurant you should never lose sight of your credit card. This
is even more essential if the merchant or place is not known to you; more so if you are a tourist at that
Credit Card Fraud Protection Is A Must
The credit card fraud at these places can range from easy things like more than one swipes of the card to
use of sophisticated card duplication devices for making a duplicate credit card from your credit card.
3. Protect your credit card details
Credit card fraud protection implies that you never reveal your credit card details to
strangers over internet. Internet is full of fraudsters and you can’t really trust a stranger. Destroy any
communications/mails/posts that contain details of your credit card.
Credit card fraudsters have embarked upon this methodology where-in they sift through the garbage to look for
letters/mails etc containing credit card details. Subsequently, they use these details to their benefit at your
loss. As they say “Prevention is better than cure”, so why not take precautions.
Another important thing to mention here is the impostors. These are people who pose as credit card supplier
representative and try to retrieve credit card details from you.
They use emails and telephones to carry out their operation. Knowing a simple fact will help you here. The fact
is that credit card suppliers will never ask for you critical details like you PIN number or password. They in fact
mention it as a clear instruction to not to reveal critical security information, like PIN, to even their own
4. Do not share your credit card with friends or others
Credit cards are issued by the credit card company to you and they provide you with the provision of
supplementary cards for family members etc too, if your require them. So there is no need to share your credit
card in the first place. It’s not a question of trust but also legality and other person’s awareness about credit
So a minor or a friend might not take appropriate precautions with the credit card and end up revealing
security information to fraudsters or they might use the credit card in a wrong way thus landing you into
trouble. So never share your credit card with others.
If a friend (or your family) needs your help in making a purchase using your credit card, then instead of
handing over the card to them you could make the purchase for them by yourself.
5. Keep your details up-to-date
Keep the credit card supplier informed about any changes in your personal details especially change of address
and change of name. Change of address should be communicated even a bit before you make the actual move. This will
prevent your credit card communications from falling into wrong hands.
Just in case you loose your credit card, immediately inform your credit card supplier so that they can block the
credit card. Any incorrect transactions should also be advised to the credit card supplier
So, it’s not that difficult to provide credit card fraud protection, you just need to be a
bit careful and take a few precautions.