How to Protect Your Credit Card Information

Many people worry about credit card theft and credit card fraud. With the increasing number of both, it’s no wonder. However, protecting your credit card information is actually quite simple.

Just take the necessary precautions explained in the list below:

Sign it
When you first get your credit card, make sure you flip it over and sign it immediately. This will ensure you, and only you, can access the money.

Memorize your PIN
Your PIN is your personal identification number which allows you to access money from your credit card with an ATM. Don’t write it down; memorize it. However, don’t make it incredibly easy to crack either like 1234 or 1111. You can also choose a word to memorize if that is easier than numbers. Example 3696= DOWN.

Be wary at work
Although you don’t have to be suspicious of your co-workers, credit card thefts are most common in the workplace than in any other location. Don’t leave your cards unattended on your desk or in your purse.

Report Stolen or Missing Cards ASAP
As soon as you notice your card is gone, call your credit card company. However, keep in mind that the credit card number is most likely on the back of the missing card. Thus, it is a good idea to program the company number into your cell phone just in case.

Check, Check and Double Check
Check your card has been returned to you after a purchase. It is very common to accidentally leave your card sitting on a register or in the hands of a sales rep. Check to make sure you have all your credit cards whenever travelling. Before you get on a plane, a train or an automobile, make sure you are carrying your cards. Double check your statements every month for unusual purchases. It is so easy to just scan through your statement or just throw it right into the garbage or pile of unpaid bills. If you do find an odd credit card charge, report it to the credit card company right away.

Write it down
Make a habit of writing down all your credit card numbers and information. Keep this information in a safe place so, in case you loose your wallet, it will be easily accessible.

Having a credit card stolen or misplacing a credit card are both extremely frustrating, worrisome and frankly, annoying. However, the above seven tips can help take the fear out of credit card theft. You can easily replace the card and get on with your life.

Write to Julie Williams at julie@creditdonkey.com

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