Tips To Prevent Credit Card Fraud

This is an important tips when using any credit cards,we can’t hide from threat especially from credit cards fraud. It is seriously dangerous and card user need more carefull.

For this post I like to give some tips to prevent this things.

• Signature your credit card after you get the card form provider.
• Keep your card in the same place in your purse or wallet, you can notice when your card been stolen.
• Don’t let anybody borrow your card.
• Remember your pin number and don’t write your pin on backside of card.
• Don’t give any particulars of your card to unknown person and any untrusted sites in web to prevent any transaction without your permition.
• Keep your card provider phone number for safety if stolen or lost,you can call immediately.
• Please be ensure that you cut you expired credit card in two pieces when you get a new credit card.

With this tips,it will help a card user from any threat of credit card fraud and can educate you to be a smart user.

Tips before using Cards

• Read all contained in an attachment or an application form.

Make sure that you read and study all contained in an attachment or an application form. This is important for you to protect yourself as a consumer. Make sure you get proper explanation to the questions raised. Also, make sure you read and review all bills that reach your hands.

This is important because you certainly do not want to escape from knowing any policy changes that apply to your credit card. Should note, company credit card issuers have the freedom to make any amendment and any changes will usually effective in a short period of time.

• Think first before you make a choice.

Today, many credit card is offered in the market. As a wise consumer, take your time looking for cards that offer the best option as there is no annual fee and low interest rate. It's no use to continue to use your credit card and charge high interest and have a safe a short time. To learn how to choose a credit card, please refer to the previous series

• Defend your rights as a consumer.

If you find the company credit card issuer fails to function efficiently, then you should immediately make a complaint. In the fierce market competition they can not look at all the light of complaints received and usually you will get proper treatment.

I hope with this tips can guide you how to planning before you decide to use a credit,prepaid or debit card.

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More Detail About Store Value And Debit Card

image source from getaprepaid
A store value card one of prepaid card in which a monetary value that has been pre-determined by some cards provider.Have a value savings card scheme may allow the card holder to adopt the monetary value to the their card and value will be automatically deducted from the amount stored in the card when the user makes a purchase.Many provided between Visa and Mastercard have issued their product such as Accountnow Prepaid visa and BuyRIGHT Pre-Paid Mastercard.bothly without annual fees low monthly charge.



A debit card is a payment card where the balance in your savings or current account will be reduced immediately by the number of transactions made, after approval is obtained. This facility is also available in Bankcard issued by many local banking institutions. There are also debit cards such as VISA Electron and MasterCard Electronic that can be used in shops that display the merchant logo related.

source from bankinfo

Positive And Negatives Of Prepaid Cards

For this post i'll tell about the positive and negative while using the prepaid Credit cards.Many Provider giving the great offers when using their credit or prepaid cards services.But as a consumer we need to know a little bit about pro and cons when using prepaid card for purchasing.

The Good and Bad While Using Prepaid Cards.

. By using this prepaid card, they usually will not offer credit card convenience without the difficult approval process or risk bear the debt. This card functions similar gift card, you only need to make a cash deposit account (direct deposit is usually available) before you can use it to purchase anything.

Prepaid cards instead of credit card, you may not spend more than the balance of your store and you will not be charged any interest for your spending. Pre-paid account will be reported to credit bureaus as a credit card

Good:
• Easy to approve, no credit required
• The same fraud liability protections as a standard credit card
• Easy to use for online or phone purchases
• Access cash from ATM machines
• Less expensive than check cashing services
Bad:
• High fees while opening and maintaining the account
• Very limited, if any, reporting to the credit bureaus
• Does not help to improve your credit the same way a credit card or secured card would
• Much more expensive than opening a checking account and using an ATM card

The Convenience Of Debit or Prepaid Cards.

The good reason using a prepaid or debit card because certain card services provider with no credit check or prior bank account such as Visa,Debit Mastercard,and many more.
Example The Visa Reloadable Prepaid card is a Visa card you load with your own money to make purchases everywhere you want to.When using a debit or prepaid credit card, It's more safer than carrying a cash and will help you to manage your finances very well. Convenience Of This Cards.

• Easily make purchases everywhere,usually debit cards are accepted—in-store, online, or by phone.
• Pay bills, make travel reservations and buy gas at the pump.

• it also available at thousands of retail locations.
• Get cash from ATMs worldwide.
• When using it,no need to carry large amounts of cash. You only use what you load in a card,that means you can control you cash and learn to save a money and how to manage your financial.And many more benefits and privillage when using this kind of prepaid or debit cards.

Intro Of Prepaid Credit card

The advantages of prepaid credit cards are without monthly bills or credit checks. With a prepaid credit card, you can choose from a wide range of card amounts, and you can use it anywhere is accepted. It's ideal for students, travelers, people on a budget and others. It's also a great gift or business incentive.The Prepaid credit card it also known as stored value cards.It simply and easy to use,and it same as other credit cards.Many Credit services company now trying to give the best service and provide the best offer of these prepaid credit card for consumers or customers.This card is easy to apply and low fees.Have certain Credit card sevice provide their service without fees..this is great.