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Be Vigilant While Using Credit Cards Online

Updated on October 14, 2012

People use credit cards online for convenience and as an alternative for carrying cash with them. Many transactions are safely transacted but in few cases people do have problems and face unforeseen problems. Many people do not activate the verified by Visa or other cards which can make the transaction foolproof and safe. By activating verified you get an extra password which indentifies you during transaction. Many credit card companies have by virtue of their policy assure total protection against card theft. As a precaution it is necessary that you use the credit card in reputed and reliable outlets and merchants. Certain merchant websites may ask for your social security number and payment details which you should absolutely avoid. To avoid risk of fraud one should watch out for the padlock logo and that identifies the line to be secure. Buy only from such merchant who ask for the last 3 digit number of the card which is the security code.

To use credit cards online you will have to register the card by calling the company who has issued. The procedure is generally mentioned when the card is sent to you. Online purchase will require name and address along with telephone number and that should match with the information provided by you in the application form for registration. Any difference observed will lead to declining the card transaction. In case you have forgotten you can always contact the provider either through telephone or by going to their website and they will send you the same after verification of your identity. Moreover if you exceed your limit further purchases stands declined until you replenish your account with payments.

While booking hotels and accommodations with credit card online the money required for your reservation and duration of stay is kept on hold and that amount cannot be utilized anywhere. Another factor is when you need to return a product which was bought in credit card online it is essential to produce the card that was used for the purpose. Many merchants return the money in cash or put the amount on their credit list but if the policy of the merchant is to credit the card back then the refund can be available in your card within seven days.

Many Americans use credit cards online for shopping. There is always a chance of internet theft and therefore the credit card companies are on constant development of methods to protect their client from such fraud. However, keeping a watchful eye on the credit card statements you will be able to detect the fraudulent use of your card and notify the provider company immediately. This information provided above is not to panic but to be vigilant while using credit cards online.


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