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5 Basic Credit Card Safety Tips


Although they can be painful at times, life today without the ease of a credit card is no longer a reality. So, if you think you want a credit card, here are some essential factors you’ll need to consider when applying for a credit card.


Ultimately keeping your credit card safe is your responsibility. Indeed, in a worst-case scenario, if it can be proven you may have been negligent in keeping your credit card safe, you may find yourself liable for the cost of all transactions made fraudulent on your account should you lose the card. To help you avoid this, here are five basic credit card safety tips:


Never have more cards than you need


While it is always advisable that you have more than one credit card, in case it gets lost, you should never have more credit cards than you actually need to use. The principal reason this is the case is that it becomes harder to track which cards you have and where you have kept them with the more cards you have.


Always keep a photocopy of your cards


How many times have you been asked what your card number is only to find yourself looking for your card to get the number? What happens if you have a card stolen and no credit card statement to hand? You have a problem! For this reason, it is always best practice to take photocopies of your credit cards so that you always know where to find the number should anything unfortunate happen to your card.


Always keep your receipts separate


Among the most important of the basic credit card safety tips, you’ll receive is never to keep your credit cards and credit card purchase receipts in the same place – because likely as not if you have lost your card, or if it is stolen, then you’ll have lost or stolen the receipts as well. Now there is no way for you to vouch which transactions were yours and which were not – or, there is no way to tell which was the last genuine transaction you made.


Moreover, never keep a PIN record with your card; this only asks for trouble!


Never give your account number to someone you don’t know


If you are ever asked to give your credit card details to someone you don’t know or who has initiated a discussion with you (rather than the other way round) over the phone or via email, you should always refuse. Worst come to the worst, phone the card issuer and ask them if it is okay for you to divulge the information or phone the enquirer back. If the enquirer seems reluctant to accept this, you have to ask yourself why!


Never leave your account details open to public viewing


It may sound rather basic to say you should never let ‘Joe public’ see your credit card account details, but ask yourself this question: “How often have you received a publication subscription form in postcard format?” Now, suppose you complete this with your credit card details filled in. Suddenly half the world has access to your credit card number, expiry date, and signature!


Although the above may sound like five basic credit card safety tips you already know, you would be surprised to see how many people fail to follow one or all of them!




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