Protecting your credit card activities
Credit cards have become a preferred way of purchasing for many. They are convenient, accepted by most stores, eliminate the need to carry cash, often easier to use than a check and they can temporarily delay when you have to pay for your purchases. Along with these benefits, comes the risk that a thief will steal your card or your card information. If that happens, the thief can then charge purchases to your account. Here are some guidelines to protect your credit card activities:
Physically protecting your credit cards
Protecting your credit card information
- Only have as many cards as you need and carry as few as possible.
- Keep seldom-used cards in a safe place.
- Keep a list of your credit card numbers and issuing companies’ phone numbers in a secure place.
- If you are expecting a new or re-issued credit card and do not receive it, contact the issuing company immediately.
- Activate and sign any new cards immediately when you receive them.
- If possible, get a credit card with your picture on it.
Preventing unauthorized use of your credit card
- Never write your PIN number on your card.
- Never give credit card information over the phone unless you initiated the call.
- If your credit card statement does not arrive as expected, contact the issuing company to make sure that someone else did not change your address and start receiving your statements.
- If paying your credit card bill by check, do not write the full credit card account number on the Memo line, just the last four digits.
In case of problems
- Never lend your card to someone else. They could use it improperly or it could be stolen.
- Always total the receipt and draw lines through unused spaces on the receipt.
- Never sign a blank charge slip.
- When using your card, be sure to get it back and take the receipt.
- Keep all your credit card receipts and compare them to your account statement.
- If your credit card is lost, contact the issuing company immediately.
- If you believe your card was stolen, contact the police and issuing company immediately.
- If your wallet or purse is stolen, contact all your credit card issuers to report the theft.
- Most card companies have a toll-free number for reporting stolen or missing cards. Some companies provide 24-hour service. By law, once you report the loss or theft, you have no further liability for unauthorized charges. In any event, your maximum liability under federal law is $50.
Credit cards bring great convenience to our lives. Using these precautions can help ensure that you can continue utilizing them while keeping your information safe. Take a look at the Security & Fraud section of our website for more tips.
Sign up for eNews
You’ll receive updates from Starion Financial’s email marketing company. We value and protect your privacy, so you’ll only receive communication from Starion.
Articles in this Issue
New Trivia Question
Q: Which state has the best wind energy resources?
Fri. Feb 20 4:02 PM
Lower premiums could make homeownership possible
In an effort to make owning a home more affordable, the Federal Housing Administration has dramatically cut the costs associated with the mortgages it backs.
Fri. Feb 20 4:02 PM
Stabilize your income with crop insurance
Crop insurance is an essential business tool in today’s difficult agricultural economy. It provides an important measure of stability for America’s agricultural producers.
Fri. Feb 20 4:02 PM
Do you know your saving options?
According to the United States Department of Labor, fewer than half of Americans have calculated how much they need to save for retirement. With the average American spending 20 years in retirement, putting away money in advance is a habit worth making.
Fri. Jan 30 3:01 PM
Year-round tax savings tips
Each tax season, people across the country miss out on millions of tax deduction opportunities. We want to help you avoid being one of them! With a new year beginning, consider following these year-round tax tips:
Fri. Jan 30 2:01 PM
More eNews >>