Credit card frauds are very common these days. We must take full precaution to prevent any kind of fraud that might happen. This post consolidates some of the prevention tips which found from Internet and present it in more organized and easy to understand format.


Receiving New/Renewed Cards

  • Always check that the card is in your name, and that the sealed package is not compromised.
  • Destroy your old/expired/unusable card, ensuring that the chip and magnetic stripe portion is completely damaged.
  • Sign on the signature panel using permanent ink pen.

Safeguarding your PIN

  • When receive your PIN, ensure the sealed envelope has not been opened.
  • Go to the nearest Branch/ATM to change your PIN immediately.
  • Change your PIN regularly for precaution.
  • You must not disclose the PIN to any person, including any employee of the Bank.

Safeguarding your Card

  • Never leave your credit card in an unsecured place, lying around at home or in the office.
  • Never sign a blank receipt.
  • Do not lend your card to anyone. Your card is not transferable.

Using your Card at Retail Outlets

  • Keep your card secured and ensure that it is in your possession at all times.
  • Check and ensure that the card you received after a transaction at a merchant is yours.
  • Void incorrect charge slips before you sign a new one.
  • Make sure your credit card is returned to you promptly after a purchase.

Online Usage

  • Give your credit card details only on reliable websites and is from a company you trust.
  • Register for 3D SSL(Verified By Visa or Master SecureCode) for extra security when you shop online.
  • Manage your password carefully.
  • Do not send credit card details via e-mail.
  • Make sure the payment page is secured with SSL (the domain start with https://)
  • Avoid using a public computer to shop online.
  • Always print and save the confirmation page when completing an online purchase.
  • Record or keep your receipts for all your online purchases.
  • Never respond to e-mails that request for your credit card information.
  • Be cautious about phishing e-mails .
  • Never click on Internet links within e-mails. Instead, type the known URL.

Managing & Filing your Statement

  • Secure your letter mailbox, report to bank if not receive your credit card statement on time.
  • Shred all documents(charge slip, statemen) before discard them.
  • Promptly check your credit card statement and report any suspicious transaction.
  • Opt for e-statement if available.

If Card is Lost/Stolen

  • Keep the bank phone numbers readily available with you.
  • Report to your Bank immediately if your card is lost or stolen.
  • Always check your credit cards to ensure that the cards are not missing from your wallet.

Beware of Scam

  • Be wary of high-pressure sales tactics such as “SCRATCH & WIN” where they ask for your card details.
  • Don’t provide your credit card information to anyone calling you. Bank don’t ask for your credit card information if they called you.

References:
http://www.wikihow.com/Prevent-Credit-Card-Fraud
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre07.shtm
http://www.citibank.com.my/MYGCB/APPS/portal/loadPage.do?htmlPageName=/info/det/fraud_prevention.htm&tabId=Credit%20Cards
http://www.hsbc.com.my/1/2/personal-banking/credit-cards/credit-card-education/protect-your-card/fraud-prevention