Avoiding Credit Card Fraud

The Federal Trade Commission claims that there are hundreds of millions of fraudulent credit card charges each year. While you may not always be able to prevent credit card fraud the FTC gives some great advice on what you can do to help yourself.

  • Sign the back of ALL of your credit cards. This does protect your credit card.
  • Keep your credit cards in something separate from your wallet. A separate zippered pouch or credit card/business card holder is ideal.
  • In a very secure place keep a complete list of all of your credit card companies, addresses phone numbers and your account numbers.
  • Whenever possible keep the card in your sight during a transaction, watch what clerks do with your card.
  • Shred your carbon copies from purchases.
  • Don’t put off opening your bill and making sure your account is okay.
  • Report any questionable charges to your credit card company or bank immediately.
  • Notify your credit company as soon as possible of any address changes.
  • Don’t leave your receipts or statements lying around.
  • Don’t loan your card to anyone.
  • Don’t ever sign a blank receipt.

Credit card fraud and identity theft are a growing problem. It is important to be aware of the latest scams and to know what you should do. Knowledge is power in this case. If you know what to look for you can keep yourself from getting into a situation where a thief can get your information and cause you a world of hurt.

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