Credit card guidlines?
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Credit card guidlines?

Question by ev1go: Credit card guidlines?
In regaurds to credit card fraud. Are all credit cards protected against fraud? So it doesn’t matter what credit card you have, you can always disbute a bill or a charge to the account?

Best answer:

Answer by Corporate America !!
If someone, other than yourself, had made unauthorized charges on your acct, so long as you reported it after receiving your billing statement, then the credit card company can only hold you liable for no more than $ 50. This is the standard policy across the nation, unless your state has consumer protection laws that protects you from this $ 50 liability limit. Its important to always review the status of your credit card account more often than one month. Although the statement is only mailed out monthly, most (if not all) credit card companies allow you to access the account online, so you can look it over and see if there had been any fraudulent charges made on it. Visa, MasterCard, Discover, and American Express are favorite targets for fraud. If you have any one of these credit cards, its best to go online twice a week (or more) and inspect for fraudulent charges.

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Comment (1)

  • Credit cards come with enough safety measures, but crimes that include credit card fraud are increasing at alarming rate. A very miniscule part of these unlawful activities is due to the flaws in systems, the major reason is careless attitude and lack of proper precaution in handling of credit cards and related documents. In this article we take a look at 5 important precautions that every credit card holder should take so that his credit card doesn’t fall into wrong hands.

    1. Keep only the needful

    With so much things competing for our attention in this modern world, having a purse full of credit cards can be disastrous. Imagine, taking out something from your purse and accidentally dropping one credit card. Things can become seriously complex with this simple mistake. So it is always better to keep the number of credit cards to a minimum, and if you really need them just carry the the one you require for the day or occasion and keep others at a safe place.

    2. Keep them close to you

    Always carry your credit cards in your wallet or purse that stays with you. A lot of people who leave their valuables away from their personal attention find them stolen by someone who is just waiting for a chance.

    3. Don’t share the vitals

    The credit card PIN number should be memorized, not written away in every nook and corner. Credit card PIN number is a security measure so that only the right owner makes transactions with the credit card. Even if your credit card has been stolen, very little can be done until someone actually has your PIN.