4 Essential ways to avoid card scams

Credit card scam - security concept with padlock

The majority of us use credit cards these days. Almost 47% of Americans use credit cards for online shopping alone.

Credit card scam - security concept with padlockSuch a vast number of online credit card availability creates a broad field of opportunities for infringement. So, it’s of utmost importance to learn how to protect the safety of your credit card security.

Here are 4 ways to avoid credit card scam and how to deal with it.

Report missing credit card immediately

People lose their credit cards more often than you might think. In 2016 alone, there have been 3 million cases of missing credit card reports. A substantial number of those cards fell under the threat of identity theft.

It’s essential that you contact your credit card provider and report it missing. There are legal consequences if you don’t report your card stolen before any attempts are made.

The card will be cancelled and you will be able to request a replacement.

Don’t give your credit card information to anyone

As a credit card holder, you should always pay attention to the safety of your information. Your PIN code, credit card number, or any part of information related to your credit card is confidential. There are a lot of scammers that pretend to be credit card customer service and send emails, SMS, and even place calls in order to extract your credit card information. Know that no bank will ever ask you for your personal information by doing this.

The best way to avoid these risks is to keep your information confidential, and never shop online or place your credit card data on any websites that don’t start with ‘https://’ because they are not safe.

Don’t use just any ATM

Petrol stations and ATMs are playgrounds for criminals who use credit card skimmers to extract your information. Skimmers are devices that are placed on the ATM card swipe and basically read and save your data. Once the data is captured, the fraudster removes the device with your data on it.

To avoid the risk of losing your information and money, be careful where you decide to withdraw cash. If you notice something is not right with the credit card swipe on any ATM don’t use it and report it.

Be careful when storing your card info online

Buying online is much easier if you store your card information and perform seamless shopping. However, this leaves you vulnerable to hackers who might get your account information and use it as a doorway to your credit card. The least damage you could be facing in such an occasion is losing a portion of cash if they only use your account for shopping. If you notice any unusual or unauthorised shopping activity, contact your credit card customer service.

To make sure you’re safe, create a complicated password, and add a confirmation request option, if available. That way you can make sure nobody can try to scam you without you being aware of what’s going on.

Conclusion

Based on these four examples, it’s clear how easy it can be to become a victim of a credit card scam. Remember what to do in case you experience similar issues. Keep these tips in mind, and never give your information to anyone.