Protect your credit cards against fraud

22 September 2008

Protecting your credit cards is your responsibility. With so many reports of credit card fraud and identify theft, it is important you aren't lax about protecting your credit cards. Many people who report credit card fraud and identity theft can have trouble in reestablishing their ownership of credit cards and bank accounts.

Ways of protecting your credit cards include:

Never have more credit cards than necessary. By having an excessive number of credit cards, you may be increasing your chances of losing a credit card and not noticing it quickly.
If you do have too many credit cards, you might like to consider a balance transfer credit card. You will probably save money with less fees and lower interest rates.
Make a note of your credit cards and keep them in a safe place,
Keep all your credit card receipts and check your credit card statements carefully.
If you frequently shop online, make sure your computer is well protected with a virus checker, firewall and a spyware program.
Always make sure the website is secure.
When using your credit card, don't let it out of your site. You never know who might copy down your details.
If your bank offers PIN protection for credit cards, use it. Don't give anyone else your PIN number.
If you have an additional card holder, ensure they follow these tips as well.

By taking care of your credit cards, you can reduce your chances of credit card fraud and identity theft.

If you do want to cut down on the number of credit cards you have, compare credit cards now to find out which credit card comes with the best balance transfer for you. If you want a balance transfer credit card with a rewards program, consider the new Woolworths credit card, the Woolworths Everyday money credit card.

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