There have been
many cases of credit and charge card frauds in the world. In most
of the cases, the thieves have been untraceable and the issuer or
the holder has had to bear the brunt. Credit and card charge frauds
have been on rise for long. There are no mathematical formulae to
avoid credit and card charge fraud but if you use your credit card
with extra care, the frauds can definitely be avoided. We present
here some ways to avoid credit and charge card fraud, and we assure
that if you follow them, you will give yourself a great chance of
escaping from such unwanted situations.
Common ways of frauds
Theft is the most common way of fraud. However, it is not the only
way. The thief may look for the receipts of your credit card in
the trash bin and once he has the credit number in his hands, he
can easily use it on the Internet. With technological advancement,
you may also find clerks making an extra copy of your receipts to
misuse your credit card. Also, beware of the fake calls. You may
receive a call from fake companies offering you tempting offers
and asking for your credit card number. Such calls may be genuine
also but you cannot trust them for sure.
Here are some tips that will help you avoid
credit card and charge fraud:
• You must sign your credit cards as soon as you get them.
• Do not keep your credit cards in your wallet. Carry them separately
in a cardholder, and keep that with you.
• Maintain the record of your purchasing done by credit card and
keep the receipts in a safe place.
• Destroy all sorts of carbon or copies of your records.
• If you receive any billing in which error or miscalculation appears,
call your issuer immediately and clarify.
• Never sign a blank receipt. If you have to sign a blank receipt
due to some reason, draw a line through blank spaces above the total
when you sign card receipts.
• Make sure that you never lend you card to anyone.
• If you have to change your address, let the credit card company
know in advance.
If you follow these suggestions religiously, we
assure that you will be avoiding many chances of credit card frauds.
