Beware Of Credit Card Frauds

Beware Of Credit Card Frauds

Beware Of Credit Card Frauds

With the growing popularity of online businesses the credit card services is becoming indispensable. We find even the small businesses accepting credit card services and making it easier for the shoppers to buy things. Buying products and services online is much easier and everything can be done at the comfort of your home. With just a click you can purchase products and services by making use of the credit card frauds. Every invention will have its drawbacks. As the usage of credit cards services increases their frauds have also increased. By making use of the latest technology the card counterfeiters will decode and misuse the card information. Its good to know what these counterfeiters do with your credit cards.

Credit card service frauds are of many types. Some of the major ones are discussed below. These frauds are committed making cards which are fake using the latest technology. These criminals will skim the details of your card which is encrypted on the magnetic strip of the card. They will also pass the security measures by imitating the holograms. There are some criminals who will steal the credit cards and then use them. The criminals will use other technology to decode the information on the card and use them as their own card. So whenever you realize that your credit card is lost, its safer to immediately report to the credit card service provider and block them.

You may notice that number advertisements will pop-up when you visit certain websites. You may also receive junk mails or phone calls from unknown people asking for your credit cards service details. They will in turn offer you rewards points and other discount offers. Be cautious and stay away from such sites. The information given by you to these people can be misused by them. Never give your card details to any unauthorized people. Such information can be used by them even if they don't have the credit card with them.

When you lose your credit card its always required by the credit card service provider to replace it for you. They may send the replacement credit card by mail. During the transit these may be stolen by forfeiters who will then misuse them. However such frauds have declined in the recent years due to the activation process introduced by the credit card service provider. Only after activation process such cards will become usable and so to a greater extent these types of frauds can be prevented. Some of the criminals will get the information about a particular person like his name and other personal details. Using these details they will apply for a credit card. However, all the payments and other billing details will be sent to the original person. So never let your personal details to anybody who is not authorized.

All these frauds will lead to your loss of money. Careful and cautious use of your credit card will help you to prevent any kind of credit card frauds.

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