Your guide to choosing the right credit card

How To Protect Your Credit Cards: Top 10 Rules

You may think these ten rules are unnecessary. But if you ignore them, you make it easy for the wrong people to use your cards.

1. Never leave your cards unattended at work. There are more credit card thefts in the workplace than in any other single location.

2. Remember your PIN. If your credit card is programmed to access an Automated Banking Machine (ABM), protect your Personal Identification Number (PIN) or security code. Don't write it down, memorize it.

3. Don't leave your credit cards in your vehicle. A very high proportion of credit cards are stolen from motor vehicles.

4. Always check your card when returned to you after a purchase. Make sure it is your card.

5. Travel with care. When travelling, carry your cards with you or make sure they are in a secure location.

6. Report lost or stolen cards immediately. Most fraudulent use of cards takes place within days of their being lost or stolen.

7. Sign it. Sign the back of a new card as soon you get it. Destroy unwanted cards so no one else can use them.

8. Make a list of all your cards and their numbers. This key information is helpful when reporting lost or stolen cards.

9. Check your statements. Always check your monthly statement. Make sure the charges are yours.

10. Don't give out your card number. Never give your card number over the phone unless you are dealing with a reputable company. The only time you should give it is when you have called to place an order. Treat your credit cards like cash.

(Source: ©2001 Canadian bankers Association.)





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