Credit Cards – Bankinginfo

Alwayssafeguardyour card andcheckyour transactionsHOW TO PREVENT CREDIT CARD FRAUDPotential fraud is a real threat that allconsumers face in using credit cards. Creditcard fraud can cost you and the credit cardissuer huge losses. Credit card issuers arealways on alert for fraudulent scams andhave taken security measures to protectyou against such possible frauds. However,you should also take the necessary steps tominimise the risk of being a victim of fraud.• Safeguard your credit card– Sign on your credit card immediatelyafter you receive it– Keep your credit card in the sameplace in your wallet or purse so thatyou will notice immediately if it islost or stolen– Do not lend your credit card to anyone– Do not provide your credit card details,(i.e. card number and expiration date)to an unknown party as they may useit to make purchases via telephone, mailor Internet– Memorise your PIN number and donot write down your PIN number onthe back of the credit card or keepit in your wallet, or disclose it to anyone– Keep the telephone number of yourcredit card issuer so that you canimmediately report lost/stolen cards,unauthorised transactions or disclosureof PIN to a third party10