Credit Card Safety on the Internet

Using credit cards online can be risky if you don't practice safe shopping.

With the click of a button, you can order flowers, book travel or purchase goods from around the world. Internet credit card use has made life easier, but also made us a target for increased credit card fraud and theft. Practicing credit card safety on the Internet can keep your money secure while still allowing you to take advantage of the worldwide web.

Use Safe Sites

Only using secure sites for credit card transactions reduces the risk of Internet theft. Secure sites go through a process in which a higher security level is attained to protect their customers' information. Security-conscious sites typically display a small padlock or some other indication of the fact it is a secure site. A secure site doesn't guarantee credit card safety, but does enhance the security. A secure site will also have an "s" after the "http" in the website address, according to Microsoft.

Report Problems Promptly

Notify your credit card company as soon as you discover a problem. By checking your transactions regularly, using a single card for all Internet needs and watching your card balance, you will be able to spot problems and call the bank. Many credit card companies limit your liability to $50 or $100 as long as you make a prompt report of suspicious activity on your card.

Check Out the Company

Before completing an Internet transaction using your credit card, check the company's reputation. Check the site for contact information. Call the phone number to be sure it is a working line and connected to the business you want to buy from. Send an email listed on the site to see if it is received or if it bounces back. Use caution with any company using a free email address service that did not require a credit card to open the account. A reputable business can afford a hosting program that provides company-specific email addresses.

Stick With One Card

Dedicating a specific credit card for Internet use can reduce the amount of damages in the event of fraud. Choosing a credit card to only use for online purchases means you aren't putting several credit card numbers on the Web. Your Internet purchases will all be listed on a single statement, making them easier to track. Use a card that allows online tracking and check your purchases and balance frequently.

References

• The FBI: Internet Fraud
• Microsoft: How To Shop Online More Safely