credit card frauds

**ansh** · #1 (**permalink**) 01-09-2007, 04:45 AM

i have heard about lot of credit card frauds,
do you ever fear not to have a credit card , major reason being chances of frauds and theft ?

**NareshK** · #2 (**permalink**) 01-09-2007, 05:56 AM

Well I havent got a chance to use credit card till now coz i dont own one and dont want one for some time.

However i have seen my mates facing loads of issues with the card co.

**xenon** · #3 (**permalink**) 01-09-2007, 08:22 AM

i do fear having a credit card, but my usage is very limited.

**eXe** · #4 (**permalink**) 01-09-2007, 11:19 AM

Well most banks let you file a chargeback for unauthorized transactions. To keep credit card information secure, I suggest:

Try to avoid ever using a credit card in a physical/swipe transaction. In such transactions, the store employee, waiter etc can see the card details which makes it insecure. Besides, paying cash is always a better rule of thumb
If you carry your credit cards in your wallet with you, (as most of us do) & your credit card has an RFID chip embedded in it, make sure your wallet is an RFID blocking wallet. This may sound like an extreme measure but hey you never know! Better be safe than sorry.
Never ever write down in a piece of paper or in a file on your pc any credit card numbers, cvv numbers or expiry dates. Memorize them. It's easy, give it a shot.

**Hamish Jones** · #5 (**permalink**) 01-10-2007, 06:13 AM

I've only ever had one unauthorised transaction on my card and the bank was pretty good about refunding the money.

Just make sure you regularly check your statements.

**cowboy** · #6 (**permalink**) 05-29-2007, 02:46 AM

i never had a problem so far, but you should be checking your statements very regularly and thats what i do

**johnk** · #7 (**permalink**) 07-12-2007, 05:06 PM

I too fear credit card fraud from my business. I just got a merchant processor for my new business and I fear many customers using a fake credit card. Any suggestions on how to be more cautious other than a form of ID?

**Mora wacker** · #8 (**permalink**) 09-12-2007, 02:39 AM

Hi,
I understood your problem.Although credit card fraud is certainly on the rise -- and credit card fraud on the Internet is rising even more dramatically.To avoid these credit card frauds, try not to let your credit card out of your sight whenever possible.Always have an eye on it.Never give your credit card information out when you receive a phone call.Legitimate companies don't call you to ask for a credit card number over the phone.Don't provide your credit card information on a website if that is not a secure site. Sign your credit cards as soon as you receive them.Better shield your credit card number so that others around you cannot capture it.Don't sign a blank credit card receipt. Carefully draw a line through blank portions of the receipt where additional charges could be fraudulently added.I think these tips will be useful for you!
All the Best!

**tojona** · #9 (**permalink**) 03-15-2008, 03:57 PM

Great tips here. I like that. And I'm going to add something: get a Virtual Debit Card against your REAL card to use online. They even have disposable credit cards now. The idea is to mask your credit card details.

**sahilmiddha** · #10 (**permalink**) 05-30-2008, 03:44 AM

i never had a problem like that.

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credit card frauds

credit card frauds

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