See If You Might Accidentally Be Committing Credit Card Fraud
The following post was originally featured on GO Banking Rates.
Consumers beware: Credit card fraud is on the rise and could exceed more than $31 billion worldwide by 2020, according to The Nilson Report. Credit card fraud is a broad term encompassing different types of transactions. Examples include:
- Someone stealing your credit card and making purchases without your authorization
- Security breaches that involve thieves breaking in to a computer system and stealing credit card numbers
Given the seriousness of this crime, most people would never dream of intentionally committing credit card fraud. But a few seemingly innocent actions on your part might set off alarm bells among those involved with credit card fraud detection. Here is a look at five credit card mistakes you could be making. Be sure not to make these mistakes so you can protect yourself from credit card fraud.