Tips for protecting your Credit/Debit Cards

[Spirax]

Since almost everyone can have a credit/debit cards, here the tips to safeguard yourself.

No out of sight
- Keep an eye on your credit card every time you use it, and make sure you get it back as quickly as possible. Try not to let your credit card out of your sight whenever possible.
- May want to remove the 3-digit no (CVV/CVC2) especially for frequent dinning users.
http://bnug.blogspot.com/2005/11/protecting-credit-cards.html


Safeguard your credit card no
- Don't give out your credit card number over the phone unless you initiate the call and you know the company is reputable. Never give your credit card info out when you receive a phone call.
- Never respond to emails that request you provide your credit card info via email -- and don't ever respond to emails that ask you to go to a website to verify personal (and credit card) information. These are called 'phishing' scams.


Treat your credit card like cash
- Never provide your credit card information on a website that is not a secure site.
- Sign your credit cards as soon as you receive them.
- Never leave your credit cards or receipts lying around.
- Only carry around credit cards that you absolutely need. Don't carry around extra credit cards that you rarely use.
- Shield your credit card number so that others around you can't copy it or capture it on a cell phone or other camera.


Learn to be accountable
- Keep a list in a secure place with all of your account numbers and expiration dates, as well as the phone number and address of each bank that has issued you a credit card. Keep this list updated each time you get a new credit card.
- Open credit card bills promptly and make sure there are no bogus charges. Treat your credit card bill like your checking account -- reconcile it monthly. Save your receipts so you can compare them with your monthly bills.
- If you find any charges that you don't have a receipt for or that you don't recognize, report these charges promptly (and in writing) to the credit card issuer.


Check first before signing
- Never sign a blank credit card receipt. Carefully check your payment and draw a line through blank portions of the receipt where additional charges could be fraudulently added.
- Always void and destroy incorrect receipts.
- Shred anything with your credit card number written on it.


Update bank your current status
- If you move, notify your credit card issuers in advance of your change of address.
- Be sure to cancel your credit cards on your behalf when u are not around. eg
http://freeple.com/blog/2007/03/08/cancel-your-credit-cards/


Do contribute!

[ironman4672]

thanks for the info... besides, i want to ask a qns, how come some restaurant or merchant's credit card receipt show the full credit card no including expire date without even shreding any single digit? like that is it normal or? is it safe or not like that?

[torxxx]

it's safe because the 3 digits required for online transaction is not shown.

[ironman4672]

it's safe because the 3 digits required for online transaction is not shown.but with the credit card no and expire date, merchant can charge $$ on it already....

[Guyver02]

but with the credit card no and expire date, merchant can charge $$ on it already....
u still need those 3 digits for online transactions.

if the website doesn't have such a feature, do not use it.

simple rite?

[ironman4672]

u still need those 3 digits for online transactions.

if the website doesn't have such a feature, do not use it.

simple rite?u are wrong, even famous site like amazon, they dun require the 3 digits for online purchases.... and read my qns clearly, i am talking about the ppl can use the credit card no + expire date to fraud, i am not talking about whether u should continue the transaction if the site requires 3 digits code...

[henrylbh]

I having been using my credit card for nearly 2 year without any signature at the back of the card. No merchant seems to care or check the signature unitl one day at a large departmental store the sale girl insist I sign the on back of my credit card.

[ironman4672]

I having been using my credit card for nearly 2 year without any signature at the back of the card. No merchant seems to care or check the signature unitl one day at a large departmental store the sale girl insist I sign the on back of my credit card.u are taking ur risk by not signing... no one will care if u sign or not also...

[jarvis]

u sign your receipt as mickey mouse they also just accept and process... and the bank also pays... no one bothers to check your signature one...

[ironman4672]

u sign your receipt as mickey mouse they also just accept and process... and the bank also pays... no one bothers to check your signature one...of course u can any how sign, but it comes to dispute, u are risking urself by doing it.....

[cc2mss5]

Since almost everyone can have a credit/debit cards, here the tips to safeguard yourself.

No out of sight
- Keep an eye on your credit card every time you use it, and make sure you get it back as quickly as possible. Try not to let your credit card out of your sight whenever possible.
- May want to remove the 3-digit no (CVV/CVC2) especially for frequent dinning users.
http://bnug.blogspot.com/2005/11/protecting-credit-cards.html


Safeguard your credit card no
- Don't give out your credit card number over the phone unless you initiate the call and you know the company is reputable. Never give your credit card info out when you receive a phone call.
- Never respond to emails that request you provide your credit card info via email -- and don't ever respond to emails that ask you to go to a website to verify personal (and credit card) information. These are called 'phishing' scams.


Treat your credit card like cash
- Never provide your credit card information on a website that is not a secure site.
- Sign your credit cards as soon as you receive them.
- Never leave your credit cards or receipts lying around.
- Only carry around credit cards that you absolutely need. Don't carry around extra credit cards that you rarely use.
- Shield your credit card number so that others around you can't copy it or capture it on a cell phone or other camera.


Learn to be accountable
- Keep a list in a secure place with all of your account numbers and expiration dates, as well as the phone number and address of each bank that has issued you a credit card. Keep this list updated each time you get a new credit card.
- Open credit card bills promptly and make sure there are no bogus charges. Treat your credit card bill like your checking account -- reconcile it monthly. Save your receipts so you can compare them with your monthly bills.
- If you find any charges that you don't have a receipt for or that you don't recognize, report these charges promptly (and in writing) to the credit card issuer.


Check first before signing
- Never sign a blank credit card receipt. Carefully check your payment and draw a line through blank portions of the receipt where additional charges could be fraudulently added.
- Always void and destroy incorrect receipts.
- Shred anything with your credit card number written on it.


Update bank your current status
- If you move, notify your credit card issuers in advance of your change of address.
- Be sure to cancel your credit cards on your behalf when u are not around. eg
http://freeple.com/blog/2007/03/08/cancel-your-credit-cards/

Circle the amount on the receipt
- This is especially true when you patronise restaurants where you might find an item 'Tips'
in the receipt.
- Once you circled the total amount, it meant you have only signed for that amount

Do contribute!

have updated.. hope it helps

[maxin76]

http://www.zug.com/pranks/credit/



http://www.zug.com/pranks/credit/title.gif

[MikeDirnt78]

thanks for the info... besides, i want to ask a qns, how come some restaurant or merchant's credit card receipt show the full credit card no including expire date without even shreding any single digit? like that is it normal or? is it safe or not like that?

if its not safe, why would credit card companies allow them to print all those? obviously you need more information like name of card holder and 3 digits CV.

pls tell me where can i make use of the information on the receipt alone to transact? so that i can try :D

[faroukalhadad]

thanks for the tips. smth similar here:

The 10 Credit Card Commandments
http://justjihadconclave.blogspot.com/2008/04/10-credit-card-commandments.html

[limster]

if its not safe, why would credit card companies allow them to print all those? obviously you need more information like name of card holder and 3 digits CV.

pls tell me where can i make use of the information on the receipt alone to transact? so that i can try :D

the same argument can be applied to ATM receipts. But if u recall the atm skimming cases, after skimming the data, they need the receipt for the additional details.

Same for skimming credit cards...

so maybe receipt alone not enough, but receipt + 1 pass through a skimmer.... :)

[faroukalhadad]

i agree with the suggestion to sticky. anyone else?

[limpoop]

Lower your credit limits.

For me, I lowered my cards limits to $1000 - $3000 so even the cards are lost I will not need to worry too much.

If you want to spend more just call their hotline to increase the limits.

For Maybank the limits can be changed on ATM or Internet Banking.

[ironman4672]

Lower your credit limits.

For me, I lowered my cards limits to $1000 - $3000 so even the cards are lost I will not need to worry too much.

If you want to spend more just call their hotline to increase the limits.

For Maybank the limits can be changed on ATM or Internet Banking.

lowest is $3000 for credit card.......