A Look At Credit Card Fraud

Credit card fraud scam, stolen credit card fraud, credit card scam warning

Credit cards are so convenient that now-a-days most people use it. The biggest advantage is that they do not need to carry cash. Unfortunately, the fraud is also increasing. The identity thief has various means of swindling money. Credit card fraud is one of them. The thief poses as government servant, company official, member of a charity organization or somebody like that and persuades you to give your credit card particulars.
If you become a victim, it amounts to lot of waste of time and money. You also suffer mental torture. If you inform the credit card company immediately after the theft has taken place, may be you can be saved to some extend.
‘Skimming’ is one of the means adopted by the thief for the theft. Even at the time of processing of the credit cards the thief comes in to play and makes use of a special storage device to steal the number.
Credit card theft can be prevented if you take some little care. Credit card companies display a photograph of the real cardholder on the card thus preventing criminals from purchase. Most cards have three dimensional images, hidden images, secret prints etc. This prevents creation of new card with a stolen card number.
In spite of all these security measures by the company, you can still be put to task. So always protect your credit card, credit card number, credit card sales slip etc.
Never hand over your card to anyone. If your close relative or friend needs the card for some purchase, tell that you will make purchase yourself.
Do not have many cards. One or maximum two will do. The credit card should not include your personal identification number. So the thief will have no chance for foul play.
Keep Photostat copies of the card. Note down the phone numbers of the company and keep it safe.
If at all the theft took place inform the company immediately. This will enable the company to prevent the thief from playing the trick.
Never let out Your Credit Card Number: Thieves only need your card number, not the card for his operation, that is, to make purchases through phone or email. The can create fresh credit card incorporating your name and number. Do not tell out the number loudly in the presence pf others.
Whenever you are allured to apply for a new card, simply tear off the application form, which comes through mail. Do not allow the thief to get something even from the trash.
Even when it necessitates your handing over of the credit card to a genuine person, take care that a third person is not around. Someone might be interested to copy your number.
Be careful with the telemarketers. Do not give your number unless you are sure about the legitimacy of the company.
Never invite problems by telling the number to any outsider who speaks to you as if representing a bank or company. If necessary, you talk to the company directly. Make sure your transactions are accurate. Be on guard for dishonest merchants who might change your credit card slip after you sign it.
Avoid signing any blank charge slip. Before signing take care not to leave blank spaces, which would be filled up without your knowledge. Check whether the total figure tallies with the actual sum.
Ensure that the credit card receipts strictly match the actual purchase you made.
Check whether there is any bogus entry in the monthly billing statement. If you find something fishy inform the credit card company without any delay.
There are government agencies intended to educate customers from being cheated. Take their guidance.

A Look At Credit Card Fraud

Credit card fraud scam, stolen credit card fraud, credit card scam warning

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