Credit card fraud costs billions of dollars each year in the United States. Consumers like you pay for the fraud through higher finance charges and annual fees. To protect yourself against credit card fraud, follow these tips:
- Destroy any carbon credit card receipts.These aren’t printed electronically and may include your entire number.
- Shred pre-approved credit card applications before you throw them away to keep identity thieves from taking out a credit card in your name.
- Opt out of getting credit card offers in the mail by calling 1-888-567-8688 (1-888-5-OPT-OUT) or visiting www.optoutprescreen.com. You’ll be asked to provide some personal information such as name, address and Social Security Number, but that information will be used only to process your request.
- If you have a credit card that you don’t use, destroy it immediately.
- Report lost or stolen credit cards as soon as possible. Note the date, time and person to whom you reported the loss or theft. Once you report the loss or theft, you are not responsible for charges you didn’t authorize. Your maximum liability under federal law is $50 per card.
- If you suspect credit card fraud, report it to your credit card company right away. You may be asked to sign a statement under oath that you did not make the purchase(s) in question.
The North Carolina Department of Justice can help; call toll free at 1-877-5-NO-SCAM
Source: NC Department of Justice