Avoiding Credit Card Fraud

Imagine the following situations:Destroy incorrect receipts and all carbons.
Someone rummages through your rubbish to findCompare receipts with your monthly billing statements.
discarded receipts and then uses your accountOpen your bills and reconcile your account monthly.
numbers illegally.Report suspicious activity or charges promptly and in
A shop keeper keeps a copy of your credit or debitwriting to your card issuer.
card and then uses it to pay for other transactions.Notify your card issuer in advance of a change of
A mailing asks you to call a long distance number toaddress.
claim a free prize. You are told to provide yourDon't:
account number to sign up. You do so and are billedLend your card to anyone.
for transactions you never made.Leave your cards or your receipts lying around where
Credit and charge card fraud is a huge industry costingothers might find them.
consumers and card issuers hundreds of millions ofSign blank receipts. If there are blank spaces on a
pounds each year. It is a form of theft that is muchreceipt, draw a line through them.
more discrete than traditional robbery. While it is difficultWrite your account number on the outside of an
to completely prevent card fraud from occurring, thereenvelope or on a postcard.
are steps you can take to minimize your chances ofGive your account number over the phone, unless you
becoming a victim.have made a call to a company you trust. If you have
Guard Against Frauda question regarding a company, check it out with your
Here are some tips you can take to help protectlocal consumer protection office.
yourself from card fraud.Report Losses and Fraud
Do:If your card is stolen or lost, report this immediately to
Sign the back of your cards as soon as they arrive.the issuer immediately. Many companies have free
Carry your cards separately from your wallet.emergency numbers specifically for such calls. By law,
Keep your account numbers, expiry dates andyou have no further responsibility for unauthorized
company phone numbers and addresses in a safecharges once you have reported it. Calling quickly will
place.reduce your liability for unauthorised charges, and will
Watch your card while it is out of your sight during ahelp the card issuer to catch the fraudster or block the
transaction and seek to get it back quickly.transactions, making life harder for the crooks.