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Methods of Protection
There are certain precautions you can take to protect yourself from credit card fraud. As soon as you get a new card, sign on it immediately. When using your card at an ATM you should enter your PIN in a way that nobody will be able to memorize the numbers. Never leave your receipt behind at the ATM. Make sure you always shred your credit card statements, receipts and carbon copies before disposing of them.
The only time it's safe to give your credit card number over the telephone is when you have initiated the call. Cordless phones are particularly risky as there are radio scanners which are easily available that can eavesdrop on your conversations from a great distance.
If a credit card offer asks for money up front or doesn't disclose the identity of the card issuer, ignore it.
Always ensure that you get your card back right after making a purchase apart from tearing up any cancelled sales slips.
Maintain a list of your credit cards, their numbers and toll free numbers for each in the event of a loss or theft.
Examine your monthly statement carefully to make sure all the charges are genuine. Any error or unauthorized charges must be reported immediately to the issuer. Credit card info.com reports:
These tips are important and universal: Sign your card -- as soon as you receive it! (Obviously, this is only as effective as the clerk who's checking it.)
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