And Fraud With Your Credit Card Begins!

With a lot of horror stories about credit card fraudare sabotaging their own financial life.
published regularly, such frauds have become much5. If you receive any offer from card issuers which
more dangerous than a traditional robbery. While youyou are not interested in, do not throw it away in the
cannot avoid using a card, you should strictly avoidgarbage. You must shred it.
situations which will invite fraudsters.6. You should be prompt to open all the statements
Credit card thieves are upgrading their tricks everywhich you receive for your cards. If you find any
day. In order to stop them intruding your financial life,discrepancy, you should contact to be card issuer
consider the following as minimum precautions -immediately to resolve it.
1. When you go to a restaurant, never allow the waiter7. You should never lend your credit card to anyone.
to take your card away from your eyes even for aBy doing this, you are breaking the rules of card
very short time. If the situation requires, you can go toissuers and you may lose the legal protection against
the counter for the payment.fraud.
2. Do not write PIN on a credit card. Also, never write it8. While signing for a credit card receipt, ensure that
on a piece of paper and keep in your wallet. This willthere is no blank space anywhere in the middle. If you
be an open invitation to all the fraudsters in case if youfind one, draw a line on such space before you sign
lose your wallet.the receipt.
3. You should prepare on a piece of paper a list of9. You should not give your card number to anyone on
your all credit card accounts with the expiry dates asthe telephone when you receive a call. If you make a
well as the phone numbers of the card issuers. Thiscall and you are sure about the reputation of the
may be required to report the loss quickly. Keep thiscompany you are calling, you may quote card number.
paper in a safe place.10. If you plan to move, you should inform your card
4. You should carry only those credit cards which areissuer your new address much in advance. If you
actually needed. Your wallet should not carry all yourinform them at the last moment, it is possible that you
cards. The cards which you rarely use must be keptmay miss out a statement in the mail. If such
separately in a safe place. Many people are proud tostatement goes in wrong hands, all other precautions
take all their cards in their fat wallets. By doing this theyyou have taken become worthless.