Be wary of offers for credit card protection
6 June 2008
Credit cards need to be kept secure to avoid abuse by unauthorised individuals and many people look for ways to increase the security of their credit cards without looking at who is providing it. For example, in Iowa, a state in the USA, a marketing company has recently been accused of charging customers for a credit card protection service that portions of their documentation claimed was free. It turned out that the fine print stated customers would be joining a buyer's club for credit cards, and many accounts were charged excessive membership fees.
Cases like this demonstrate why it is important to be suspicious of offers of improved credit card service. Reading the fine print is very important, but the biggest mistake many people make is to consider entire agreements and contracts to be fine print. Just being diligent in knowing the terms of an agreement can be all it takes to spot potential abuse of your credit cards.
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