Credit Card Security Tips

Credit Card Security Tips are at the top of most consumers minds right now.  I was able to find some simple tips that may offer some peace of mind while engaging you in taking personal steps to prevent identity theft and credit card fraud.  Thanks to the Desjardins Group for this great little piece on a topic at the top of all the news headlines right now.

  1. Keep receipts for your purchases and compare the amounts to what you are being charged on your monthly statement; errors have been known to occur.
  2. Never give merchants your personal information, even if they ask for it. All they can legally request is a valid card and your signature.
  3. Report the loss or theft of your credit card as soon as possible.
  4. If a fraud occurs, take advantage of Zero Liability. If your number or card is stolen while you’re shopping (online or not), you’ll be released from your responsibility as a consumer and you won’t have to pay anything. You must be able to provide reasonable proof that you are not responsible for any purchases that were made, unless they required the use of your personal identification number (PIN). Therefore it is important to always review your monthly statements carefully in order to detect any unauthorized transactions (your cardholder agreement provides a definition of an unauthorized transaction).
  5. Make a list of all your cards and their numbers. Keep the list in a safe place (other than in your wallet or purse). It will be easier to cancel them in the event of loss or theft.You will be held responsible for purchases made with your credit card (with or without your consent) by anyone in your entourage.
  6. Make sure that the card you are handed back after you make a purchase is yours.
  7. Never give your card number over the phone, unless you are placing the call or are certain you know the person who is calling.
  8. On the Internet, only conduct financial transactions on secure websites (often identified by a small padlock in the bottom right of the screen, and by a URL that begins with “https”). NEVER give your credit card number by email.
  9. Never leave your credit cards unattended at work or school. Most credit card thefts take place in these locations.
  10. Sign the back of any new card as soon as you receive it and destroy any expired or unused cards.

As someone who was robbed while on business in Europe having all my credit cards and Passport stolen I know the importance of following these steps.  It can happen to anyone at any time.

Be careful out there.  Until next time…

Author: Gregg

To know and understand downtown, I believe you must live downtown. As a resident of our great city for the past 8 years, I take my role as an ambassador very seriously. Downtown and the surrounding areas have much to offer those who want to live and experience the urban lifestyle. Whether you are looking for a traditional, rustic, industrial style loft or a modern urban chic condominium, St. Louis has the loft or condo to meet your every need. Let my experiences living and working the loft and condo market be your guide to your next home.