This holiday season, online shoppers are more concerned than ever about protecting their personal and financial data. Often in a rush to secure that doorbuster deal, shoppers don’t always consider the most secure ways to use credit when making purchases.
Brittney Mayer, credit strategist at Cardrates, has provided a list of simple, yet very important steps to keep in mind when shopping for Black Friday deals with credit cards:
1. Use a credit card that provides fraud protection:“Most credit cards offer $0 Fraud Liability policies, but others may not. Check your cardholder agreement or benefits documentation to see if your card offers $0 fraud protection.”
2. Use secure online payment services:“This allows you to avoid giving financial information to retailers, but be aware of whether the site is secure before you enter your account information.”
3. Use a virtual credit card number: “Several credit card issuers also offer virtual credit card numbers to help protect your account information.”
4. Choose a credit card that offers return protection: “Return protection gives holiday shoppers using credit cards an avenue to get their money back if the merchant refuses a legitimate return.”
5. Set up credit card alerts through your online banking or mobile app:“Alerts can be set to notify you regarding where and when purchases happen.”
6. Notify your card issuer immediately if you spot an unauthorized transaction:“This will prevent additional fraud and make the recovery process easier.”