How to Protect Your Credit Card from Fraud

You can prevent a credit card scam by taking the appropriate precautions to safeguard yourself. This article will cover precautions to take, set up a fraud alert, and use digital wallets instead of carrying your credit card. If you want to know more about APPRO in UAE, visit this link.

Precautions to take

The best way to avoid being victimized by credit card scammers is to use your credit card as little as possible. This means not having it out in public, covering the keyboard when you’re at the ATM, and always signing up for fraud protection. It would help if you also used caution whenever you give out your account number over the phone. Only give it to trusted sources and never use it to make unauthorized purchases. You can also protect your account by registering for alerts and avoiding public Wi-Fi networks. You should also shred any sensitive documents.

Setting up a fraud alert

When a cardholder encounters unusual activity, it may be necessary to set up a fraud alert on their account. A fraud alert can be placed with one credit reporting agency. However, the alert will not take effect until one of the other two bureaus receives the information you provide. Set up an extended fraud alert to get extra copies of your credit report. This will allow you to get two free reports from each bureau, and it will stay in place for 12 months. If you do not wish to wait that long, you can request that the alert be removed, though you must contact each bureau individually.

Keeping a copy of your credit card statement for reference

One of the best ways to prevent a credit card scam is to review your monthly statement regularly. Look for suspicious charges and make sure to dispute them. If you suspect someone is unauthorized using your card, keep a copy of your statement for reference. Fraudulent charges can appear months after your account information has been stolen. Therefore, it’s important to review your statement every month to identify suspicious purchases and dispute them.

Digital wallets are safer than carrying a credit card

In some countries, consumers prefer physical credit cards over digital wallets. However, digital wallets are much safer than carrying a credit card. So, it would help if you considered using these digital wallets.