Credit Card Fraud Protection Tips: Dos and Don’ts to Keep Your Card Safe from Scammers

Credit card fraud comes in many forms, but they all have one ultimate goal: to be able to use your account to make expensive purchases. You don’t want to pay for and fall into the debt trap for expenses you didn’t make, right? So as early as now, keep these precautionary measures in place to protect your credit card:

Keep your eye on the card during a transaction.

Make sure that nothing suspicious is being done with it and that it’s returned to you before you go away.

Don’t share your card details with anyone.

When someone calls you, represents himself as a staff from the bank, and asks for your credit card number, this might be a tactic to steal your personal details and use the account for large purchases. The only time you must share your credit card information is when you initiate the call to the bank’s customer service.

Don’t misplace your card

If you are going out and won’t be using your credit card, you’d better leave it at home for safety’s sake. And when you’re taking it with you, always keep it in a wallet close to your body to keep it from getting stolen. And even if your card doesn’t get stolen, some scammers might take photos of your card with a camera phone and use your credit card number for purchases, so don’t leave it exposed for a long time.

Verify the amount on your credit card receipt

Always check the amount on the receipt after paying with your credit card—it must be the same with the actual price tag. If you get a blank receipt, don’t sign it.

If your card is lost or stolen, or if you suspect any fraudulent activities using your card, report it immediately to your credit card issuer for appropriate action. Remember, better be safe than sorry.