It is important that you apply the highest level of diligence if you are a user of credit card. Your credit card, debit card or even gift card is like your safe. If you don’t handle it with caution, hoodlums will get access to it and steal all your money. Credit card thieves are becoming more and more crafty and you need to be more security caution if you have a credit card. If you are using a credit card, there are some good security habits that you should adopt to ensure that you don’t fall victim to any credit card fraudster. In this article we’ll mention what to do for shoppers. And the best choice for merchants is to use BIN checker.
1. Keep records of your purchase
A good number of credit card users do not keep records of their purchase or their receipt. Thus, they do not know whether the amount they are being charged corresponds with the total amount of their receipts. Such people may not be able to discover when their cards are used fraudulently to purchase small or low cost items. Besides, sometimes, errors occur in charging. If you are erroneously charged and you don’t have any record of your purchase, you will not be able to discover such errors.
2. Don’t divulge your personal data to merchants
Merchants are only required to ask for your valid card and signature and not your personal data. Thus, on no account should you provide merchant with your personal information even if they require that from you.
3. Notify the credit card issuer of loss of card
If you lose your credit card, it is important that you notify the credit card issuer of such a loss quickly. Bear in mind that the thief will not waste time in using the card. So, if you are very quick in reporting stolen or lost card to the credit card issuer, the card will be blocked making it impossible for the thieve to use it.
4. Fall back on zero liability if you are victim of fraud
If a fraudster is able to get your card number or information when you are shopping, you are not responsible for any purchases paid with the credit card which you didn’t authorize. The onus is on you to prove that the purchases were not authorized by you. This is why it is of crucial important for you to have a review of your monthly statements as it will help you to discover fraudulent transfer that you didn’t authorize.
5. Create list containing all your cards and their numbers
It is advisable that you write down all your credit cards and their numbers and then keep the list in a safe place. However, you should not keep it in your purse or wallet or any other place where you keep your card. In event of loss of card or theft, you will be able to get all the necessary information you require to cancel your cards. In this way, you will not be held responsible for any authorized purchases done with your credit card.
6. After making a purchase, it is advisable that you check the card you were given back very well to ensure it is yours. A shop attendant can mistakenly hand over another person’s card to you.