Credit cards have become a preferred way of purchasing for many people. They are convenient, accepted by most stores, eliminate the need to carry cash, are often easier to use than a check, and they can allow you to delay paying for your purchases. However, along with these benefits comes the risk that a thief could steal your card or your card information. If that happens, the thief can then charge purchases to your account. Here are some guidelines to protect your credit card activities:
Physically Protecting Your Credit Cards
- Only sign up for as many cards as you need, and carry as few as possible.
- Keep seldom-used cards in a safe place.
- Keep a list of your credit card numbers and issuing companies’ phone numbers in a secure place.
- If you are expecting a new or re-issued credit card and do not receive it, contact the issuing company immediately.
- When you receive new or re-issued cards, activate and sign them immediately.
Protecting Your Credit Card Information
- Never write your PIN number on your card(s).
- Never give credit card information over the phone unless you initiated the call.
- If your credit card statement does not arrive as expected, contact the issuing company to make sure that someone else did not change your address.
- When writing a check to pay your credit card bill, do not put the full credit card account number on the Memo line. Just use the last four digits.
Preventing Unauthorized Use of Your Credit Card
- Never lend your card to someone else. They could use it improperly or it could be stolen.
- Never sign a blank charge slip.
- When paying at a store or restaurant, always total the receipt and draw lines through unused spaces on the receipt.
- After using your card, be sure to get it back and take the receipt.
- Keep all your credit card receipts and compare them to your account statement.
Sign Up for Purchase AlertsTM
Nevada State Bank offers Purchase AlertsTM powered by Visa®, which sends you timely updates1 on your debit and credit card activity, enabling you to make sure transactions were actually authorized by you. You can choose to receive Purchase Alerts by email, through text messages sent to your mobile device, or both. Enrolling for this free2 service is easy: just log into your Online Banking account and select “Purchase Alerts” under the Services tab. Click here for more information on Purchase Alerts.
In Case of Problems
- If your credit card is lost, contact the issuing company immediately.
- If you believe your card was stolen, contact the police and issuing company immediately.
- If your wallet or purse is stolen, contact all your credit card issuers to report the theft.
Most card companies have a toll-free number for reporting stolen or missing cards. Some companies provide 24-hour service. By law, once you report the loss or theft, you have no further liability for unauthorized charges. In any event, your maximum liability under federal law is $50.
Click here to find out about credit cards available from Nevada State Bank.3
1Actual time to receive an alert is dependent on wireless service and coverage within area. The alerts service may not be available in all areas. Account activity qualifying for the alerts service may vary by bank. Additional restrictions apply.
2 Message and data rates from your wireless provider may apply. Certain restrictions apply. See Purchase Alerts Services Terms and Conditions for full details.
3 Credit cards are subject to credit approval. Restrictions apply.
The information contained herein may not represent the views and opinions of Nevada State Bank or its affiliates. It is presented for general informational purposes only and does not constitute tax, legal or business advice.
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