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Progress In Preventing Credit Card Fraud
An update on my attempts to better secure our credit card: I called our bank yesterday and got them to make a note in our file saying that balance transfers cannot be made from our credit cards to any bank account, regardless of who is asking for it. We would never do this, but a thief would (and did, in the case of our business credit card last week). So if someone calls the bank and claims to be one of us, asking for a balance transfer, it won’t be done. The only thing that can be done with those cards now is purchases. I know that there’s still a possibility of fraudulent charges, but we’ve lowered the overall risk by having the block on balance transfers. I feel warm and fuzzy.Â
Dear Frugal Babe-truthfully, don’t you feel better now? That you have taken positive steps to curtail this activity from happening to you again?
I do. Thank you.
Identity theft is a horrible thing. Sorry I rant about it. I’d be screaming if it ever happened to me.
I very rarely use my credit cards anymore. Even when I go out to a restaurant, I have been paying cash. It’s awful out there.
November 28th, 2007 at 9:08 am