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Credit Card Fraud Protection

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Most common credit card crime involves stealing or losing a credit card. A thief can get your credit card by stealing your wallet or burglarizing your home. Also a "sold" store employee can copy your card to be sold on the black market. They do not have to physically have your card to take advantage of it. Knowing the credit card number and expiration date is enough in most cases for credit card fraud.

Another way for credit card fraud to take place is by offering you some discounted merchandise or telling you that you have won a prize. A telemarketer calls you and tells that you won something, then asks for your credit card number for "shipping charges". They either send you something worthless or nothing at all.

Your credit card may also be stolen from your mail-box before you even receive it. To avoid this kind of fraud now, most of the credit card issuers require that you call from home to activate your card.

Although credit card fraud has popped up on the Internet as well, it has not become widespread since most of the websites use a "secure" mode for transactions; meaning scrambling the numbers to disguise them before sending them over the Internet.

There are some actions to take to guard your credit card from fraud:

Do not carry more than one or two credit cards so that you have fewer to report if you lose your wallet or you are robbed.

Keep the numbers to report your lost or stolen credit card in a safe place so that you will have access to them immediately.

Do not ever leave your purse or wallet unattended in public.

Whenever you buy something, do not forget to get your credit card back.

When you are home, keep your credit cards in some place that would not be so obvious for burglars to find.

When you receive your card, sign it immediately.

Do not lend your card to anybody. If you want someone else to buy something with your card, do the transaction yourself.

Watch the expiration dates and be aware of the times that your new cards should arrive. Let the credit card issuer know if you do not get your card on time.

Keep your mailbox secure; only you and your postal carrier should have access to it.

All credit card receipts and pre-approved credit card offers must be torn into tiny pieces before being thrown away and billing statements should be kept in a safe place.

If you want to close your account and you have to send the card back to the issuer, cut it into several pieces before you post it.

If you use you credit card to make an online purchase, make sure you see the small key or lock at the bottom left of your browser before you type in your credit card number.

Do not ever give your credit card number or personal information to some stranger or telemarketer who calls you on the phone.

Credit Card Fraud Protection

To qualify for Credit Card Fraud Protection coverage, you must notify us promptly upon loss or illegal use of your credit or debit card(s).* We will accept full responsibility for your liability for all fraudulent charges to your lost cards from the moment you notify us of the loss/theft of your cards. This liability coverage applies only to fraudulent charges that occur while you are a Member of Webloyalty’s Reservation Rewards http://attractions.reservationrewards.com/. Also, this coverage is in addition and subordinate to any coverage provided by your card providers and your other insurance carriers.

Under Federal law, for debit and cash machine cards, consumer's liability for fraudulent use of the card is up to $50 if a consumer notifies the card issuer of card loss within 2 days. After that, consumer's liability is up to $500. Or, if a consumer does not notify the card issuer within 60 days of receipt of a monthly statement showing unauthorized charges, then the consumer's liability is up to $50 and the total amount of unauthorized charges that occurred after the 60-day period and before notice, provided that the card issuer establishes that the unauthorized charges would not have occurred if the consumer had notified the card issuer within that time.

How to Make a Claim

You can initiate a claim at Reservation Rewards http://www.reservationrewardsinfo.com/. You need to submit a claim within 1 year of the occurrence that triggers the claim. You will need to submit a completed claim form along with a copy of the credit/debit card statement(s) that includes the liability charge. You must include the name of the credit/debit card, the state in which it operates and a phone number for the institution(s) if these are not visible on the copy of the statement(s).

Reimbursement Terms and Limitations

As a Member of Webloyalty’s Reservation Rewards http://www.webloyalty.com/our-approach/reservation-rewards-benefit-package/, if you are held liable for unauthorized charges made to your credit and debit cards, our Credit Card Fraud Protection reimburses you to the extent of the payment(s) made by you to cover fraudulent charges assigned to you by your card issuer(s).* The maximum Fraud Protection coverage for credit cards is the lesser of $50 per registered credit card lost or the amount for which a Member is personally held accountable. The maximum Fraud Protection coverage for debit cards is the lesser of $500 per registered debit card lost or the amount for which a Member is personally held accountable. The maximum coverage per person (Member) is $1,000 per year.

Under Federal law, a consumer can be held liable for up to $50 in unauthorized charges on each credit card. For debit cards, a consumer can be held liable up to $500 on each debit card or, in limited circumstances, up to the full amount in your account(s).

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About Author

Both Michael Russell & Adam Taisch Taisch are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Michael Russell has sinced written about articles on various topics from Celebrities, Dieting and Diabetes Treatment. Michael RussellYour Independent guide to . Michael Russell's top article generates over 2240000 views. to your Favourites.

Adam Taisch Taisch has sinced written about articles on various topics from Credit Card Fraud, Computers and The Internet and Marketing. This article is originally published here: . Adam Taisch Taisch's top article generates over 5400 views. to your Favourites.

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