How to avoid credit card frauds

>anyone borrow your credit card. If necessary, use it on
Credit card frauds cost card holders and credit cardtheir behalf, but do so yourself.
companies millions of dollars every year. Although Take care to sign on the credit card as soon as you
some of the fraudsters use ingenious methods,receive it. When you use your credit card at a shop or
Credit card frauds cost card holders and credit cardrestaurant make sure that you get it back immediately
companies millions of dollars every year. Althoughafter the transaction is over. Wherever possible, do not
some of the fraudsters use ingenious methods, mostlose sight of the card when the bill is being made out.
of the people committing fraud on credit cards use Fraud using credit cards online is a major problem. To
very mundane methods that are anything but hi-tech.avoid your credit card being misused on the Internet,
Again, although some of the fraud occurs due tomake sure that any site in which you are giving your
factors beyond the control of the card holder, as forcredit card number is secure and trustworthy. Never
example the leakage of vital and sensitive informationuse your credit card on the Internet unless you are
by company employees who have access to suchsure of the site.
information, most of the fraud occurs because of Do not part with your PIN or credit card number and
information or help provided by the cardholder. Fromthe three digit extension, unless you have to. You
this, it should be clear that most, although not all, of theshould be particularly careful of emails from unknown
fraud can be prevented if you take sufficient care.persons promising attractive rewards, or pretending to
 The most obvious and common type of misuse isbe company officials, and asking you for these details.
through the physical theft of the card itself. WhenDitto for information over the telephone.
somebody steals your card, he or she is as good asFinally check your card statements carefully as soon
stealing money from you. For this reason, you shouldas they arrive and report any discrepancies
always keep your credit card in a secure place, andimmediately. Also, report the theft of your card, if it
carry it around with care. Abuse of the trust is ahappens, as soon as you come to know of it. Your
closely related and common means of fraud. Never letliability could reduce substantially if you do so.