Always Store Your Card In The Same Place In Your Purse Or Wallet

Category: Finance.

"An ounce of prevention is worth a pound of cure" - wise words!

Even if you feel rushed by someone behind you in line, step aside and make sure you have your credit or ATM card, and all of, your receipt your purchases. Make it a habit to always check that you have your credit or ATM card after making a transaction. Remember this also when your card is being used with an ATM machine or buying gas with a card. Always store your card in the same place in your purse or wallet. Don' t forget it! ! OK, so it still happens to all of us.

Most companies offer free protection. Another preventive step you can take is to be familiar with the policies of all your credit card and ATM card companies' rules about your liability for lost or stolen cards. Others require a small annual amount to provide you this service. When you notice your card is missing, try to remember where you last used it. Highlight the policies, and reporting procedures, notification phone number for each or your cards and file away so it is easy to find when you are in a panic because of a missing credit or ATM card. Most stores will keep any cards left behind, so either call or go back to enquire. At this point, you go back to your highlighted policies and procedures.

If you can' t locate your card within an hour, or you can' t remember when you last used it, you must contact the corresponding card companies immediately. Most credit card or ATM companies have a customer service number that will give you the recorded phone option to" report a lost or stolen card" . You will need to cancel your account and set up a new account once you report your card as missing or stolen. This choice on a phone menu will usually connect you with a real person. When traveling, keep a list in your blackberry or pocket calendar of the telephone numbers to call for each credit or ATM card you may be carrying. Per law, the credit or ATM card company may not charge you more than$ 50 for any fraudulent use of your card after it has been reported as lost of stolen.

There is nothing worse than confronting this situation and not having access to the contact numbers. However, if you wait more than two days to make the report, your liability goes up to$ 50 We hope these helpful, common sense tips assist you in guarding the security of your credit and ATM cards.