You keep hearing about credit card abuse. Fraudsters shop with stolen credit card details or the cards are forged. The following guide explains how consumers can prevent credit card fraud. What security rules should be followed when using a credit card? Below are the best tips.
Protect yourself from credit card abuse
Credit cards are a very popular form of payment worldwide. They are now part of everyday payments. Rightly so, because they offer the consumer many advantages and the use is simple, pleasant and comfortable. But one thing is very important: security. To be able to guarantee them, some precautions should be taken. Credit cards are basically a very safe means of payment. However, abuse cannot be ruled out 100%. There are two possible forms of misuse: Theft of the card or credit card details.
An overview of the important rules when using a credit card:
- Sign the credit card immediately upon receipt so that it cannot be used without authorization
- Keep the card safe
- do not leave unattended
- Learn the PIN by heart instead of writing it down so that no third party gets knowledge
- If not possible, keep the PIN safe and separate from the credit card
Handle your own credit card details sensitively
When dealing with a credit card, one of the most important rules is to handle the payment details with care. It is not advisable to keep your personal PIN in your wallet with your credit card. Under no circumstances may it be passed on. This is considered gross negligence. Emails asking for credit card details or online banking access should be ignored and deleted.
Under no circumstances may the link sent be clicked. These are phishing emails that the fraudsters want to use to access the data. The emails often look deceptively real, but the bank, PayPal, Amazon and other providers will never ask for personal information via email.
Secure payment on the Internet with a credit card
On the Internet, too, it is important to check in advance whether the provider is reputable and whether your own payment details should be entrusted to him. Reputable dealers provide general terms and conditions, imprint, contact details and information on data encryption on their website. The credit card number should only be given online if the website uses SSL encryption. If the sensitive data is transmitted encrypted, the Internet address begins with https: // and not with http: //.
In addition, a lock usually appears in front of the URL. Verified seals of approval, such as “Trusted Shops” and “Euro-Label”, are also a sign that it is a reputable shop. It is also important that the PC is protected against attacks. A virus scanner and firewall should therefore be installed and the programs updated regularly. This also applies to smartphones and tablets.
Use your credit card and data carefully at the ATM, shop and restaurant
The credit card and PIN are shared at the ATM. When entering the four-digit PIN, the keypad should always be covered by hand. It is also important to make sure that nobody looks over your shoulder. A look from all sides can help to make sure that nobody is too close. In this case, you should ask for a distance or refrain from taking off.
A popular thief trick is to distract the customer from withdrawing money by engaging in a conversation and an accomplice uses this moment to steal. When paying in a shop or restaurant, it is important to keep an eye on the card. The staff should not disappear with it, but should always be in the cardholder’s field of vision. Receipts should be checked carefully before signing. Once signed, they are valid.
Check credit card statements closely
It is important to always check your credit card statements. If errors are found on the statement, the money can be returned. For this, the turnover is complained to the bank. Appropriate forms can usually be downloaded from the providers’ websites. Banks usually give six to eight weeks’ notice of complaints. When checking the accounts, you should not only pay attention to large amounts of money. Small amounts are often initially debited.
This checks whether the credit institution and the cardholder notice the abuse. The bank should also be contacted immediately in the event of irregularities. If necessary, it is advisable to have the card blocked so that it can no longer be used, but still to check the bills afterwards.
These were the best tips to protect yourself from credit card abuse
According to the law, customers have to pay for damages of up to 150 dollars. Numerous institutes cover the costs if the loss of the card or attempted fraud is reported immediately. On the other hand, customers must be liable if they act with gross negligence, for example if the PIN is kept together with the card or if the secret number is passed on. After the bank has been informed of damage or the credit card has been blocked, it is liable.