This is a sponsored post written by me on behalf of Chase. All opinions are 100% mine.
Raise your hand if you have a credit card in your wallet?
Seven in every 10 Americans have at least one credit card in their wallet today.
There’s a good chance that you do, too.
I have multiple credit cards because I have a slight travel addiction. While some people love to give credit cards a bad rap, credit cards have a lot of advantages, like airline miles, travel insurance, and fraud protection.
In 2014, over 31 million US consumers had their credit cards breached. Translation – someone stole their information and used it to make purchases. I have been victim to this multiple times in recent years.
Last year while traveling through Greece, I received an early morning wake-up call in my Greek hotel room. But, the call was not from the hotel. It was the Chase Fraud Protection Department informing me that someone stole my credit card information somehow and used it to make over $500 worth of purchases in Brazil. Last time I checked, Greece was almost 10,000 kilometers and an ocean away from Brazil.
That’s not the first time I’ve dealt with fraudulent activity. I routinely check my accounts and noticed someone took out $300 at an ATM in California while I was traveling through Poland. It’s not fun to have to cancel your primary source of cash because a thief stole your information.
But you can help avoid situations like this by learning about fraud protection. Consumers often tend to “block-out” fraud protection advice, leaving them vulnerable to fraud. Even consumers who are aware of the risk aren’t taking all of the necessary steps to help protect themselves. By taking proactive steps for fraud protection, consumers can help fight fraud and improve their personal “Fraud IQ.”
How much do you know about fraud?
Try your knowledge with the USA Today Fraud Protection IQ Quiz. It will only take a couple of minutes and will help you protect your information for years to come. Did you know that you shouldn’t order anything online while using the free Wi-Fi at the coffee shop?
Can you match my perfect score?
About Chase Fraud Protection
Chase is a leader in the financial industry when it comes to fraud protection. They work with you to keep your accounts safer and more secure when you’re at home or abroad. Chase has multiple fraud-detection tools in place to help protect your account and your personal information safe.
Here’s a sampling of a few of my favorite fraud protection tools Chase offers:
- Zero-Liability Protection – You won’t have to pay a dime for the fraudulent charges made with your card or account information. I didn’t pay any of those charges made in Brazil.
- 24/7 Fraud Monitoring – Chase is constantly watching your account, and if their specialized tools pick up something out of the usual, they will text, email, or call you to let you know. That’s what happened to me in Greece!
- Embedded Chip Technology – Swiping your credit card is a thing of the past. Credit cards today all come with a chip that needs to be inserted into a chip reader. Europe and Canada have been using this technology for years now. During a chip transaction, the chip produces a single-use code to validate the transaction, which further protects your card from unauthorized use.
- Fast Replacement Card – In most cases of fraud, you will have to cancel your card so the bank can reissue your card with a different number. Chase will ship you a new card immediately, and it will be in your mailbox within a few days. If you’re abroad, they will work with you to ensure you can still make the purchases you need.
Don’t forget to check out Chase’s other features and tips!
How to Protect Yourself from Fraud
It’s impossible to be 100% protected from fraud, but you can take simple steps today to help protect your credit cards and personal information from thieves. Fraud protection is a partnership between you and your bank, and using these tips will help keep your money more secure.
Sign up for account alerts so your bank can notify you via text, email, or phone of suspicious activity.
Sign up to receive online credit card and bank statements. Not only are you saving trees, but you’ll have instant access to monitor any inaccurate or unauthorized purchases made using your information.
Strengthen your online passwords. Do you know how many people use “password” or “123456789” as their passwords? Too many! Make sure you use a combination of numbers, letters, and symbols to create a stronger password.
If you’re traveling, alert your bank that you will be abroad. I always let my banks know when and where I will be to ensure my card stays safe.
Fraudulent credit card purchases can happen to anyone anytime. It’s happened to me countless times. And, it usually occurs in a foreign country on holiday. When choosing a new credit card or bank, make sure you always choose one with fraud protection services like Chase. I know it helps me sleep better at night knowing that my money is protected.