If you use your credit card to purchase products online then you will want to know how to protect yourself from identity theft and credit card fraud. With credit card identity theft more prevalent today than ever before it makes sense to protect yourself from potentially losing lots of money from your account.
Here are a few tips to ensure that your credit card is secure.
- Whenever you make a purchase online make sure that you check to ensure that the beginning of the website address is https:// and not http://. This means that the site is secure. These sites often have an icon of a padlock or unbroken key on the web page to indicate that the company is using reliable security technology. If you are still unsure as to whether a website is reputable then try to use trusted merchants when you buy goods and services online.
- Keep your computer's operating system, anti-virus and firewall software up-to-date. This will ensure that you aren't left exposed to malicious programs that can steal your credit card details.
- Where possible, try to avoid sending any credit card details in the post. Often with direct mail order forms there is the option to add your credit card details. Unfortunately, many items of mail are lost each year and if an unauthorized person manages to get this information then they can use your details to make purchases.
- Where possible, try to avoid phone purchases. Using the phone is one of the least secure ways to make credit card purchases so it is a good idea to look for other ways to pay. If you are going to buy goods or services over the phone then it is very important that you have an existing relationship with the company you are dealing with.
- Choose credit cards over debit cards. This way, if fraud should occur then you are better protected by using a credit card. Under federal law, your liability for an unauthorized charge is limited to $50.
- If you believe fraudulent charges have been made, report it immediately to your credit card company and ask them to replace your card with a new one.
- Remember to keep your records up-to-date. Keep your receipts and monitor your purchases so you can compare your monthly statements to your credit card usage. This is one of the most reliable ways to understand if any unauthorized purchases have occurred.
