Last week we discussed how easy it is for our credit card information to fall into the hands of crafty criminals. There are a few more places and situations to use caution when making purchases with your debit and credit cards to avoid identity theft and credit card fraud. These include:
- Flea Markets – These merchants are usually temporary and hard to find if there is ever an issue with charges. It is especially difficult with those vendors who don’t use online credit card terminals but rather make carbon copies of your card. This makes the overall transaction more risky and less secure. It is advised that you always make purchases with cash at these types of markets just to be on the safe side.
- Small Shops/Cafes in Foreign Countries – It is also wise to just use cash when making purchases in these situations. These smaller vendors are simply not as safe and have a higher chance of credit card fraud. Once you get outside of the mainstream, banks can’t seem to help much when these merchants are hard to locate.
- Unsolicited E-mail Offers – Be wary of e-mails from companies that you haven’t signed up for solicitations from. If it looks kind of suspicious, do not open it. If you are truly interested in the offer, contact the company directly through their Web site.
- Recurring Bills/Subscriptions – Although it seems convenient to have your bills automatically deducted from your account at the beginning or end of every month, it is much safer to ask to be billed separately every month. This way, you are personally reviewing each bill and making sure you are not being over-charged. Some not-so-ethical vendors will hope that you forget about your monthly bill after your subscription has ended and will continue to charge your credit card.
Although these tips cannot guarantee that you will be eliminated from being a victim of credit card fraud, they will help you become more aware of risky situations. These tips are easy to implement and everyone should incorporate them into their lives immediately! To review the entire article, please visit www.creditcards.com.