You can't prevent fraud, but here's how it happens and tips to protect yourself.
Thankfully, there are actions you can take now to ward off fraud and spot potential unauthorized use of your card early. The key to safeguarding yourTo help you identity fraudulent activity and stop it in its tracks, here are some common types of credit card fraud and ways to protect against them.Credit card fraud occurs when an unauthorized person gains access to your information and uses it to make purchases.
The easiest actions you can take include opting for a card with $0 liability protection, monitoring your accounts closely, signing up for transaction alerts and securing your personal information.The Fair Credit Billing Act protects you against credit card fraud and limits your maximum liability to $50. Some card issuers expand that law by offering $0 fraud liability on unauthorized charges, which means you won’t be held liable for any amount of fraudulent purchases.
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