Tips on protecting yourself from credit card fraud

Posted at: 12/19/2013 6:21 PM
By: Chris Ramirez, KOB Eyewitness News 4

The credit card breach at Target has left many people wondering how they can better protect themselves from credit card thieves.

These are 5 tips the KOB 4 On Your Side team compiled:

  1. Debit or credit?  Use credit over debit when you swipe your card.  The Federal Credit Billing Act offers protections that don’t exist when you pay with debit.  You’re never on the hook for a fraudulent transaction when you use credit cards.
  2. Avoid carrying cards in your purse or wallet that you don’t need.  If your wallet is stolen, multiple cards gives the thieves more options to spend your money.
  3. If you do use a debit card, change your pin code.  Think of your pin like an online password- the older and more used it is, the higher the likelihood that it can be cloned or stolen. 
  4. Put your Radio Frequency Identification (RFID) credit cards in aluminum or a metallic sleeve.  An RFID card has a chip imbedded that broadcasts your information and has no on or off switch.  A metal sleeve blocks the frequency.
  5. Pay attention to small charges on your statement—such as $0.07 or $0.04.  Many times, scammers will test your account with smaller charges to see if they can gain access, then they will hit your account with a bigger charge.