Credit Cards

Avoiding Credit and Charge Card Fraud

Avoiding Credit and Charge Card Fraud


Avoiding credit and charge card fraud could not only save you a lot of money but also a lot of frustration and headaches too. These crimes cost cardholders and major credit card companies hundreds of millions of dollars each year.

While theft is the most obvious form of fraud, there are other ways it can occur. As an example, someone obtains your card number and uses it to buy something on the Internet without your knowledge.

Avoiding credit and charge card fraud is not always possible, but there are a few steps you can take to make it more difficult for a thief to capture your card or card numbers.


Steps For Preventing Credit Card Fraud


What You Should Do:

•  Sign your cards as soon as they arrive.
•  Carry your cards separately from your wallet, in a zippered     compartment, a business card holder, or another small pouch.
•  Keep a record of your account numbers, their expiration dates, and the     phone number and address of each company in a secure place.
•  Keep an eye on your card during the transaction, and get it back as     quickly as possible.
•  Void incorrect receipts.
•  Destroy any carbons.
•  Save receipts to compare with billing statements.
•  Open bills promptly and reconcile accounts monthly, just as you would     your checking account.
•  Report any questionable charges promptly and in writing to the card     issuer.
•  Notify credit card companies in advance of a change in address.

What You Should NOT Do:

•  Lend your card(s) to anyone.
•  Leave cards or receipts lying around.
•  Sign a blank receipt. When you sign a receipt, draw a line through any     blank spaces above the total.
•  Write your account number on a postcard or the outside of an     envelope.
•  Give out your account number over the phone unless you’re making     the call to a company you know is reputable. If you have questions     about a company, check it out with your local consumer protection     office or Better Business Bureau.

Reporting Losses and Fraud

If you lose your credit or charge cards or if you realize they’ve been lost or stolen, immediately call the issuer or credit card company. Most major credit card companies have toll-free numbers and 24-hour service to deal with such emergencies.

By law, once you report the loss or theft, you have no further responsibility for unauthorized charges. In any event, your maximum liability under federal law is $50 per card.

The FTC also works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them.

To file a complaint or for more free information on consumer issues, visit or call toll-free, 1-877-FTC-HELP (1-877-382-4357) or 1-866-653-4261.

Follow these tips and it may help you in avoiding credit and charge card fraud.

View Comments (6)


  1. academic writing online

    January 23, 2017 at 5:43 am

    It’s very straightforward to find out any matter
    on web as compared to books, as I found this article at this site.

  2. look at this site

    January 24, 2017 at 3:11 am

    Having read this I believed it was very enlightening.
    I appreciate you taking the time and energy to put this article together.
    I once again find myself personally spending a significant amount of time both reading and posting comments.
    But so what, it was still worth it!

  3. free gps tracking

    January 26, 2017 at 2:56 am

    Hi! I’m at wrk browsing your blog from mmy new iphone 3gs!
    Just wanted to say I love reasding through your blog and look forward
    to all your posts! Carry on the superb work!

    • Catherine Stevens

      January 28, 2017 at 12:07 am

      Ok…thank you.

  4. popular android

    January 27, 2017 at 7:45 am

    It is appropriate time to make a few plans for the long run and it’s time to
    be happy. I’ve learn this post and if I could I wish to suggest you few interesting issues
    or advice. Perhaps you can write subsequent articles
    referring to this article. I wish to learn even more issues about it!

    • Catherine Stevens

      January 28, 2017 at 12:07 am

      Thank you.

Leave a Reply

Your email address will not be published. Required fields are marked *

Credit Cards

More in Credit Cards

Credit Card Debt

Credit Card Debt Elimination

Catherine StevensJune 1, 2016
Credit Score

Insider Techniques To Raise Your Credit Score Fast

Catherine StevensMarch 1, 2016
late fee

5 Ways To Prevent Credit Card Late Fees

Catherine StevensMarch 1, 2016
credit card

Credit Card Secrets and Your Credit

Catherine StevensFebruary 29, 2016

Solid Tips For Finding A Credit Card With Miles

Catherine StevensFebruary 23, 2016
Only Idiots Use Debit Cards!

Only Idiots Use Debit Cards!

Catherine StevensJanuary 1, 2016

Copyright © 2016, All rights reserved.

Seo wordpress plugin by

shop giay nuthoi trang f5Responsive WordPress Themenha cap 4 nong thongiay cao gotgiay nu 2015mau biet thu deptoc dephouse beautifulgiay the thao nugiay luoi nu