5 important precautions to prevent credit card fraud

Cynthia Stewart
May 15, 2007
View Author Bio
Digg It Del.icio.us
Furl It Reddit
Google My Web

Credit cards come with enough safety measures, but crimes that include credit card fraud are increasing at alarming rate. A very miniscule part of these unlawful activities is due to the flaws in systems, the major reason is careless attitude and lack of proper precaution in handling of credit cards and related documents. In this article we take a look at 5 important precautions that every credit card holder should take so that his credit card doesn't fall into wrong hands.

1. Keep only the needful

With so much things competing for our attention in this modern world, having a purse full of credit cards can be disastrous. Imagine, taking out something from your purse and accidentally dropping one credit card. Things can become seriously complex with this simple mistake. So it is always better to keep the number of credit cards to a minimum, and if you really need them just carry the the one you require for the day or occasion and keep others at a safe place.

2. Keep them close to you

Always carry your credit cards in your wallet or purse that stays with you. A lot of people who leave their valuables away from their personal attention find them stolen by someone who is just waiting for a chance.

3. Don't share the vitals

The credit card PIN number should be memorized, not written away in every nook and corner. Credit card PIN number is a security measure so that only the right owner makes transactions with the credit card. Even if your credit card has been stolen, very little can be done until someone actually has your PIN.

4. Get rid off the useless

Don't let the unused or void credit cards lying around in drawers, simply cut them into four pieces if they are of no use to you anymore.

5. Don't leave trails

When you do a transaction with credit cards, you get a receipt. It is good to keep receipts but, if the receipt carries a full detail of your credit card, like the complete number, it can be very risky. Either keep it at a place where it is absolutely safe or destroy it.

Follow these steps and be on the safer side.

Tags: