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Credit and debit cards are the ultimate in spending convenience. They make it easy for us to buy online, by phone or by mail. They help us reserve cars, hotel rooms, plane tickets and more. They eliminate the need to carry large amounts of cash. And when we need cash but don’t have it, we can take them to the ATM and withdraw money in a snap.
Credit and debit card issuers institute certain security measures to prevent cards from unauthorized use. One of the most important of these measures is the personal identification number, or PIN. Cardholders are required to select a PIN number when their cards are issued. They must enter this number when withdrawing cash from an ATM. With debit cards, it … continue reading.
When it comes to finances, few things are as unnerving as losing a credit card or having it stolen. By the time you realize it’s gone, someone could be living the good life and charging it to you. But by taking action quickly, you can avoid most, if not all, liability for unauthorized charges.
When their cards go missing, cardholders are protected by the Fair Credit Billing Act (FCBA). This law mandates that as long as you report your card missing or stolen in a timely manner, you can be held liable for no more than $50 in unauthorized charges. And if you report it before the card is used, you can’t be held responsible for any charges made.
If you find that one or more … continue reading.
Credit card internet services and facilities that are available today are ingenious in combating the growing concerns that most people have regarding fraud and online security. Handing over credit card details to a stranger in any environment can be a worrying prospect, but when you don’t even know on which continent the site owner lives, you can feel perhaps justifiably concerned.
While it is true that there is a considerable amount of credit card fraud in the world today, how worried should you really be, what tips should you follow in order to help safeguard your personal financial details, and what tactics and methods are the credit card companies developing to help increase security and peace of mind?
Payments made using your credit card almost always … continue reading.
