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Should You Sign Your Credit Card?

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Should You Sign Your Credit Card?

It seems like a no-brainer. You receive your credit card in the mail, together with a note that tells you, amongst other things, to sign the back of your credit card instantly. Recently, individuals have seriously questioned this course of action, pointing out that if your card is stolen, a burglar then has an ideal copy of your signature to duplicate. Instead, say numerous, in the space for your signature on a credit card, you must write ‘Ask for Photo I.D.’.

It seems like good suggestions. What do the specialists should say? Per all 3-major credit card business – Visa, Master Card and American Express, the response is – sign your credit card instantly. In truth, all they have guidelines that restrict merchants from accepting credit cards that do not have a valid signature. Visa states that a merchant may not complete a transaction UNTIL the card is signed.

The bottom line on the question of whether to affix your signature on your credit card, then, is yes, you absolutely SHOULD sign your credit card as quickly as you get it. Exactly what about other security procedures you can take to safeguard against credit card scams? Here are 5 security suggestions to assist you to protect your credit card security:

  1. Never offer your credit card number to someone that calls you on the telephone. If the caller professes to be from a company that you do business with, or from the credit card company itself, inform them that you’ll call them back at the number that YOU have for the business. That way you’ll know that the individual you’re speaking to is genuine. If they demur at all, hang up immediately and call your credit card company’s scams line with any details of the call.
  2. Ditto for any e-mail you get asking you to ‘confirm’ details for your credit card details by clicking on a link in the e-mail to take you to a verification page. If it’s a business with which you do business – PayPal for example – open a brand-new browser window and key in the URL to the genuine site by hand.
  3. Keep a different low credit line credit card for paying online – or utilize a credit card business that will supply one-time confirmation numbers. That way if your credit card security is compromised, you’re losses are restricted by the quantity offered on the card. Or – utilize a debit card that you keep simply for online purchases the exact same method.
  4. Reconcile your credit card bill monthly just as you would your checking account. Review the costs with your invoices, and report any charges for which you don’t have a receipt or don’t recognize.
  5. If you have the option, sign up all your credit cards having a credit card registration service. In any case, jot down all your credit card numbers, expiration dates also contact telephone numbers for each card and keep it in a safe place. If your wallet and credit cards are ever stolen, you’ll have a convenient recommendation to make sure that you don’t miss anyone when you’re contacting us to report your credit cards taken.

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