I regret to say we live in a time where if there is money, there is fraud. When it comes to down to it, credit cards are no different. On credit cards just as well as in a purse there is money to be stolen, even more so then you would carry on yourself. Although credit card companies boast that credit card accounts are the easy and safe way to pay, I have to say that I dissagree! As a matter of fact, credit card fraud is known to affect more victems and cost more money each year than robery and burglary combined. There are a few things to know that can make the credit card a safer way to pay:
1. Only use credit card accounts on trusted websites - A good rule of thumb is that if you don’t know who you are buying the item from online do buy it! Also, there are other ways to tell if your personal information will be safe online. First off, when you do anything online, you are accessing what is called a server to view webpages, servers can be secure and unsecure. Any time you are completing a form that requires information to charge you, look at the web address at the top of the browser. If the web address starts with http:// such as http://www.JemCreditCards.com then that server is not secure therefore, you should not imput personal information however if the web address starts with https:// such as https://www.JemCreditCards.com then this website works from a secure server and your information will be completely safe. Also, as far as over the internet transactions, if you use E internet explorer there is a pad lock image on the bottom right hand corner, if this is open the site is not secure and if it is closed the site is secure.
2. Keep tabs of your current credit card balances - This has to be the easiest part, however, I have to say that less than 10% of my clients actually know what the exact balance is on their credit card accounts. If you know your balance, you are able to quickly identify fraudulant transactions.
Now that you know ways to prevent it I think it is also crucial that you know how to reverse fraudulant transactions on credit card accounts as well. This is actually pretty simple, call the toll free customer service phone number and explain to the representative that there is a transaction that you do not recognize posting to your credit card. That representative will then transfer you to the claims, fraud, or disputes department depending on which credit card company that you are using. Once you get to the department that can help, explain the cituation and the banker will send some paperwork for you to fill out. Simply fill the paperwork out and send it back in, and if the investigation proves the charge to be fraudulant, you will not have to pay for that charge. Also, I would like to point out that in my experience I have found that Discover cards are the best as far as customer service with billing disputes.
For more information on this topic or to discuss another topic feel free to contact us:
By phone - (561) 355-0069
By email - Support@JemCreditCards.com
On the web - www.JemCreditCards.com
Copyright © 2008 Credit Cards: from Choosing Best Credit Card to Application
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