Tag Archives: safety

Charge Card Account Safety Tips

Posted by on May 16, 2011 No comments

E-tailers or the electronic retailers over the Internet are exerting efforts to entice consumers to use their charge cards more for online purchases. With the number of credit cardholders increasing exponentially, the e-tailers want these numbers to translate into online transactions for them, as the trend is not yet so much into online purchasing.

These e-tailers have resorted to marketing schemes such as giving toll-free numbers so that more shoppers would be motivated to placing their orders online. But with the growing number of online shoppers come the risk of charge card account fraud by hackers who have always found ways to steal credit card numbers from the different websites.

There was an instance when TV reports learned about lax security on a website when the TV reporting outfit was able to find its way to more than 1,500 customer credit records which practically revealed all information about the consumers.

These are typical reports which lower consumer confidence on the use of the online charge card account. There is a need to improve and upgrade the security features of online purchasing. The problem of charge card account thieves who use stolen credit cards to make online purchases is increasing. Basically, the issue here is protecting the consumer’s information from any leaks to third party incursion or from hackers.

There are several steps that the consumers can take to protect their credit card accounts against theft. Of course, the first security measure is to immediately sign your charge cards as soon as they get to you from the mail. You should affix your signature on the signature stripe at the back of the credit card upon receipt of the said card.

Another way to secure your credit card accounts is to use an unorthodox PIN or personal identification number, specifically considering unusual keystrokes which cannot be familiarized or memorized by a person looking over without permission while you are using the ATM. Make sure the choice of your PIN cannot easily be determined or deciphered.

Avoid leaving your transaction receipt at the ATM as there are valuable information like your PIN and account number which could be deciphered by an expert hacker. Make sure that before you discard your credit card account statements, receipts and other important bills, you shred them first.

Telephone purchasing transactions can also be very dangerous from fraud against charge cards. Do not divulge your credit card number over the telephone if you did not initiate the telephone call yourself. Be careful against telephone eavesdroppers especially if you are using a cordless telephone which is prone to eavesdropping.

Do not even entertain any special offers where you are required to spend money up-front without the merchandise in your hands, or refuses to name the card issuer. Always make it a point to retrieve back your best charge card account after every purchase. A good habit is to leave your wallet on your hand until you get back your charge card accounts. Also keep a separate record of your credit cards with their respective numbers in case these gets lost or stolen. Carefully check your monthly billings to verify if the purchases recorded and reflected are indeed your own purchases.

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Is It Safe To Use Charge Cards Online?

Posted by on May 15, 2011 No comments

Time and again, consumers ask this question. And despite countless proof of the relative safety of online transactions, a lot still choose to veer away from using their credit card accounts to purchase anything online, citing a good number of stories where online fraud has been committed.

While it is true that scams and fraudulent activities thrive in the Internet, if you look at the transactions that happen online daily, the vast majority of these transactions actually happen without a hitch. In short, the percentage of charge card transactions that are fraudulent and the number of cardholders that fall prey to Internet scams are far outweighed by the number of happy cardholders that benefit from the use of their cards online.

However, it is understandable that if you become one of the unfortunate ones to fall prey to Internet scams and have their charge card details stolen and used online, the statics will be of little comfort. For this reason, it is important that you protect yourself as much as possible before it even happens, and that you know the steps to take if you do get victimized.

The first thing you should make sure of is to use only your best credit card in terms of online security. Just go to each card’s website and compare the security technologies and protocols they employ. Next, make sure you follow their security advice. This includes the most basic advice including advice on how to keep your password secure, being careful about bogus emails, and keeping your own computer virus and spyware-free.

Once you know that you have these covered, you should now make sure that the online store and websites you deal with are those that are not just reputable, but also have secure sites as well. Using your cards online for purchases shouldn’t be a problem if you do this. Never ever enter your charge card account details if you are unsure that the site is not secure, especially if the online vendor has had complaints. Remember, the online scam you can encounter does not always have to do with someone getting hold of your charge card account details and using it for fraudulent transactions, but could as easily be just having what you bought not be delivered at all or of a quality much lower than you expected.

If you do fall prey to online scams, and if someone gets hold of your charge card information. Make sure you contact your bank at once so that the card can automatically frozen. You should be covered for fraudulent transactions made after you call in the problem, and in some cases, even made before you call it in.

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A Few Credit Card Safety Tips

Posted by on May 15, 2011 No comments

In this particular 2nd of the sequence on credit score cards we will cover the positive aspects and down sides of credit score cards vs . debit cards. To grasp these variations we to begin with should demonstrate how a credit score card and debit card perform, a minimum of typically talking.

Generally, the best way a credit score card operates is you head to a save, or as of late even on-line, select out the merchandise you wish, plug as part of your credit score card amount along with your pay for is finish. The merchandise is not truly compensated for still, so far as you might be involved, simply because no revenue has modified fingers. Immediately after the transaction the merchant will get payment from your credit score card organization who issued you the card, normally inside thirty days and in flip you are going to acquire a bill from the credit score card business, also inside of thirty days, at which time it’s essential to remit at the very least a partial payment. Some, like American Express, necessitate you to pay out your stability in total.

The way in which a debit card functions is in essence identical in most respects. You make your buy, plug as part of your quantity or swipe your card plus the buy goes by way of. Which has a debit card the cash currently should be within your account. Put simply, you’ve got presently compensated inside a specified level of cash to become readily available in your debit card. By utilizing the card the cash is just transferred from your account along with your harmony is diminished right until it reaches zero, at which time you will need to shell out additional cash to the account or even the card won’t be able to be applied.

The benefits of a credit score card are that you simply will not must possess the revenue readily available at that time for you to buy your invest in. You can generally have not less than thirty days to buy the merchandise as well as then, determined by the terms of the card, might not even must spend the entire harmony.

The drawbacks of the credit score card is it gets way also simple to rely on them and operate up huge balances. The negatives of the debit card is usually that should you never possess the cash in your own debit card account then you certainly cannot utilize it. In the feeling it truly is fairly substantially identical as should you do not have money on you.

Lots of individuals experience that a debit card is simply a compact funds equivalent and does not genuinely offer you substantially extra ease than money. Other individuals come to feel it’s the only convinced solution to avert on your own from falling right into a fiscal hole you may well never ever recover from.

The debates in between credit score and debit cards will possibly go on permanently.

In the end retaining you credit score card secure is you obligation. In truth, inside of a worst scenario situation, if it may be verified it’s possible you’ll have already been negligent in preserving your credit score card secure, you could come across your self liable for that charge of all transactions built fraudulent in your account really should you shed the card. To aid you prevent this, right here are five simple credit score card security suggestions:

By no means have additional cards than you’ll need

Although it really is generally a good idea you have far more than one credit score card, just in case it will get misplaced, you must certainly not have additional credit score cards than you truly want to implement. The principal good reason why that is the instance is for the reason that it gets to be more difficult to help keep a track of which cards you may have and where by you may have held them using the a lot more cards you might have.

Usually preserve a photocopy of one’s cards

The number of situations have you ever been asked what you card range is just to locate your self on the lookout for your card to have the range? Now, what comes about in case you have a card stolen and no credit score card statement to-hand? You’ve got a challenge! Because of this, it truly is often finest apply to get photocopies of you credit score cards to to ensure usually know where by to seek out the range will need to anything at all regrettable transpire in your card.

By no means give your account variety to another person you do not know

By no means depart your account specifics open to general public viewing

It might sound instead fundamental to say you need to by no means allow ‘Joe public’ see your credit score card account information, but request all by yourself this issue: “How normally have you ever obtained a publication subscription sort in postcard format?” Now, suppose you full this along with your credit score card particulars stuffed in. Even though the over may perhaps sound like five fundamental credit score card security suggestions you by now know, you’d be astonished to check out the number of individuals fall short to observe one particular or all of them!

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