5 important Credit card safety tips.

Credit Card Safety TipsUltimately keeping your credit card safe is your responsibility. In fact, in the worst case scenario, if you can prove that you might be neglecting to keep your credit card safe, you might find yourself responsible for the cost of all transactions that were defrauded on your account if the card was lost. To help you avoid this, in this article explains the 5 important credit card safety tips.

Don’t keep more cards than you need.

While it is always a good idea to have more than one credit card, if it is lost, you should not have more credit cards than you need to use. The main reason for this is that it becomes difficult to keep track of which cards you have and where you keep them with more cards you have.

Always keep a copy of your cards.

How often have you been asked about your card number only to find yourself looking for your card to get the number? Now, what happens if a card is stolen and you do not have a credit card statement? You have a problem! For this reason, it is always best to take copies of your credit cards so you always know where to find the number in case anything unfortunate happens to your card.

Always keep receipts separate.

One of the most basic tips for credit card safety that you will receive is not to keep credit cards and credit card purchase receipts in the same place – because it is likely that if your card is lost, or if it is stolen, receipts will also be lost or stolen. Now there is no way you can determine which transactions were yours and which they were not – or there is no way to know the last real transactions that you made.

Moreover, do not keep a record of your PIN with your card, this just requires hassle!

Don’t give Credit card details to anybody.

If you are ever asked to provide your credit card details to someone you don’t know, or who started a discussion with you (instead of the other way around) over the phone or via email, you should always refuse to do so. In the worst case, contact the card issuer and ask them whether it is okay to divulge information or reconnect to the inquirer. If the inquirer seems reluctant to accept this, you should ask yourself why!

Never disclose the card details in public.

It may seem somewhat basic to say that “Joe public” should never be allowed to see the details of your credit card account, but ask yourself this question: “How often have you received a post form in postcard format?” Now, let’s say you complete that with filling in your credit card details. Suddenly half of the world can access your credit card number, expiration date, and signature!

Although the above may seem like 5 basic credit card safety tips you already know, you will be surprised to know how many people have failed to follow one or all of them.

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