10 Way For Credit Card Safety

     Listed below are some important dos and don’ts that every cardholder must follow while using a credit card.

Dos:

• Never forget to sign on the rear of your credit card. The sign is used to verify the identity of the cardholder while making a transaction at any retail outlet.
• It is important to carry credit cards in a secure manner to avoid any theft. The best way is to place them separately in another pouch rather than keeping them in the wallet.
• Any receipts or carbon copies should be immediately destroyed.
• PIN or the personal identification number should be changed frequently.
• It is important to have an online monitoring account that can used to track all the transactions made using the credit card. Any unauthorized transactions should be promptly reported to the concerned authorities.
• Account statements should be properly verified for accuracy.
• Card companies should be notified in advance regarding any change of address or other vital information.
• It is important to save the billing receipts. These can be used at a later date for comparing the transactions listed on the monthly credit card statement.

Don’ts:

• You should never lend cards to anybody. It can have disastrous effects. Never reveal any information about the credit card to any outside agency including the issuing bank. Particularly, this information should not be provided over the telephone, e-mail or any other internet gateway.
• You should never sign a blank receipt. It is always necessary to verify the details of the transaction.
• A cardholder should never allow any transaction to take place away from his sight. He should always be present personally whenever the card is swiped.
• You should never write a credit card number in a “public” place such as a post card or an envelope.