Prevention of credit card theft

If you have ever experienced credit card theft, you already understand how important it is to prevent credit card theft in the first place. There are many things you can do post the theft to ensure that you do not end up paying for what the thief buys and to ease the mental agony you may suffer.

1.Keep your cards in a secure location. Whether you carry a wallet or handbag, the credit card should be kept in places where they are not easily accessible and/or visible. In 7 out of 10 cases, the theft was due to temptation. The thief observed the credit card and found it easy enough to steal it.

2.Do not leave your wallet/ handbag unattended. Once again – this is temptation. Keep your wallet/ handbag with you at all times especially in public places such as shopping malls, restaurants, etc.

3.Activate cell-phone acknowledgements for every purchase with credit card. Sometimes prevention of credit card theft involves more subtle measures. People can charge your credit card twice, or charge you for other items while you are  paying for something you purchased. If your cell phone notifies you every time you make a swipe, you will know about such fraud as it happens.

Source:  Prevention of credit card theft

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