Information Center – News and Articles about Credit Cards
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News about credit cards
Compare Credit Card Applications but Beware Credit Fraud
Is it possible to get the best credit card from a bank based in US for only 2 dollars? At first sight this seems impossible, but... Unfortunately it is not. The situation is really unfortunate for credit cards issuers as well as for card holders and merchants when talking about credit card fraud.
If you wish to apply for a credit card online, to get a free credit report or to make an online payment, even if the provider of the service is well known and reliable, watch out for cyber criminals. They can steal your personal information or credit card details and make fake credit cards.
A lot of sound web sites have been compromised and credit card data theft is a major concern for most banks. Information obtained in a theft, like addresses, index or credit card expiration date, can be very useful to a thief as additional verification of a card holder.
In order to protect your personal information and thus your money and reputation, you should be aware of the ways how these fraudsters "go fishing". For actually "phishing" is a criminal activity in electronic communication aimed at stealing your personal information, card details, passwords and usernames.
Two Basic Online Credit Card Frauds
- Spoofed organizations often use link manipulation. For example they misspell URLs or use subdomains, such as http://www.bank.com.offer.com. Quite often links that seem to be valid lead a person to a phisher's site.
- Website forgery is difficult to detect especially if you are not a specialist in this area. Some cyber criminals use JavaScript commands in order to change the address bar. So, you would not even notice that the original URL is closed and new is opened.
Maintaining Credit Card Security
Credit card fraud cannot be identified straight away. Very often it takes time to find out that a credit card is in wrong hands because usually a bank sends a billing statement once a month. But once this is revealed you need to contact the credit card issuer straight away. Many banks have 24 hour telephone support service for these purposes. Once you have notified your bank, you are no longer responsible for the unauthorized transactions made with your credit card.
Which is more, according to US Federal Law a cardholder will be charged only up to $50 in case of his/her identity theft. Some banks even write off debts occurred as a result of a fraud.
However smart cyber criminals are, you can still protect yourself. We can offer you simple and effective steps how to be the winner.
- If you receive an email offering you a free credit report, do not be in a hurry to answer it straight away. First make sure this is a real company.
- If you go on a web site that asks your personal information such as passport number or PIN, or credit card number leave it and do not fill in any forms. Legitimate web resources are not permitted to ask for such information.
- Trust only secure web sites only. Do not make online application if you are not sure in web site security.
These are just some pieces of advice to ensure your financial security that you may chose to follow. When you compare credit card offers and decide which one to choose, be aware of credit fraud.
In general keep your identity information safe together with your credit card.
If you have something to say, please leave your comments below.
Articles about credit cards
The subject of credit card use by young adults is much talked about online and offline, in magazine and internet articles. There are supporters and opponents of issuing plastics to young people among credit consumers and financial experts. However, many of those hair-raising tales about graduates that collect enormous debts are just boogieman stories. The statistics shows that young people became more reasonable in credit card management and most of them do not have loads of debts.
A recent opinion poll conducted among college students revealed that 92% of young adults realize that damage credit history and low credit score could have a negative effect on their future financial standing and cause problems with qualifying for loans.
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Financial crisis, mortgage and credit crisis, real estate crisis, what other crises do US citizens have to suffer from? It is just some epidemic of crises! Talking about epidemic, health insurance crisis is another hardship Americans are going through. Medical services take a bite out of your wallet. This year, according to recent surveys, Americans healthcare expenses exceed last year's medical spending by nearly $1,500.
The thing is that insurance companies have significantly raised healthcare insurance costs for customers. Many people just cannot afford paying for medical insurance. The government understands that many citizens' financial standing has shattered due to the economy recession. And the authorities do not stay indifferent to people's problems. They try to find an alternative solution.
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Have you ever noticed that all credit cards in circulation look the same except the color and picture on the front? The common features are size, shape, the magnetic stripe, the signature stripe, hologram and the number emblazoned across the front. Many people are so used to the standard credit card design that they don't pay attention to these physical characteristics. If you want to know why all plastics from different American issuers share the same structural features, read our article. We will tell you 10 interesting facts that cover their technology.
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05:19 AM, September 24, 2007, Sarah
Having read the article I undersatnd that when applying for a credit card one should think twice because there can more disadvantages of having a credit card than profit.