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6 Secrets for Safe Credit Card Shopping during the Holidays

holiday shopping

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.com, 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 online payment services (Paypal): “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.”

More information: Cardrates.com

Photo credit: visitmonaco.com

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