Keeping your credit card safe is your responsibility. In many cases of credit card theft, you’ll be protected from owing the debt. However, if it can be proven that you’ve been negligent in keeping your credit card safe, you might find yourself liable for the cost of all fraudulent transactions made on your account if you lost the card.
To keep yourself safe from unauthorized credit card charges, here are 5 credit card safety tips:
Never have more cards than you need in your purse or wallet
While it is always advisable that you have more than 1 credit card, in case it gets lost, you should never have more credit cards than you actually need to use with you out and about at any given time. The principal reason is that it becomes harder to keep a track of which cards you have and which ones are or are not missing, the more cards you have with you if your wallet or purse is misplaced or stolen.
Always keep a photocopy of your cards
How many times have you been asked what your card number is only to find yourself looking for your card to get the number? Now, what happens if you have a credit card stolen and no credit card statement to refer to for the number? You have a problem!
For this reason, it is always a best practice to take photocopies of your credit cards to so that you’ll always know where to find the number should anything unfortunate happen to your card.
Always keep your receipts separate
Among the most important of basic credit card safety tips, is never keep your credit cards and purchase receipts in the same place. If you do this and your wallet or purse is lost or stolen, you’ll have lost receipts too. Then, there will be no way to tell the credit card company the amount of the last transaction YOU made—something they often ask for when you report unauthorized transactions on your card or statement.
Equally important, never keep a record of your PIN with your card; this is only asking for trouble!
Never give your account number to someone you don’t know—well.
If you are ever asked to give your credit card details to someone you don’t know, or who as initiated a discussion with you (rather than the other way around) over the phone or via email, you should always refuse. If they absolutely must have it, hang up and call back yourself—to the number on the back of the card or on their website. No legitimate company should have a problem with you doing this.
Never leave your account details open to public viewing
It may sound rather basic to say you should never leave a card out in public or stay logged in to an online account on a public computer. Likewise, if you use a computer at w public location to check your balance, make a payment, etc., be sure to clear the history since many computers store this “fill in” information or keep it as a “session cookie.”
Although the above may sound like 5 basic credit card safety tips you already know, you would be surprised to see how many people fail to follow one or all of them! Just a little care using the above suggestions can keep your credit cards – and your credit – much safer!