How To Protect Yourself Against Credit Card Fraud

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If you’re a prolific online shopper, you’re going to want to protect yourself. Crooks are prowling the internet to get you to make one false move online — then they attack! But it doesn’t have to be like that.

In this article, I’m going to show you how to safeguard your credit card from fraud.

Every time you swipe your credit card, that data is stored by several entities, including retailers, banks and merchants in between.

Even if you haven’t used your card in a while, you can still fall victim to a data breach or the crimes of an individual hacker.

What To Do If Credit Card Fraud Happens To You

f you happen to fall victim to fraud using a debit card, you’re out of your money. In contrast, if you get swindled and you used your credit card, you have a good change of recouping all of your cash.

Here are some guidelines from the FTC on how fraudulent charges are handled by card issuers:

You pay $0, if you report before any fraudulent charges are made.
You pay $50 if you report within two business days of fraudulent charges.
You pay $500 if you report after two business days but less than 60 calendar days.

How To Report Credit Card Fraud

You can report credit card fraud in a number of ways.

Contact your card issuer to inform them that you think you were the victim of fraud. …
Ask for your account(s) to be suspended or closed.

Final Word

Crooks are always looking for new ways to rob you of your credit card numbers and the PINs associated with them. Stay safe and never give your credit card information to anyone over the phone that calls you for anything.

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Keisha Smith

Keisha Smith is a Contributing Writer who attended college at Southern University A&M College in Baton Rouge. She is currently writing a book on south Louisiana culture.