Despite the negative publicity surrounding the credit card industry there are many consumers who not only use credit cards without going deep in debt but also benefit from that use. These individuals take advantage of reward programs and balance transfer offers to maximize the benefits of using their credit card. While avoiding the common pitfalls associated with irresponsible credit card use eliminates many of the current problems card holders are experiencing; it is not the only strategy needed to protect your credit card and personal finances.

Here are a few tips to keep your credit card protected and prevent identity theft or credit card fraud.

Take advantage of modern technology. There is simply no reason for not being up-to-date with your credit card account if you have access to the Internet. With most people having at least one home computer, laptop, PDA, cell phone or other access to the worldwide web monitoring your credit card account is one of the easiest and most convenient ways to make sure the activity on your account is accurate. Take a few minutes to set up an online account and have 24 hour access to your credit card information which not only allows you to review and pay your bill online but also sign up for alerts which can track transactions.

Keep your card in sight during transactions. The same technology that can help you track your transactions also increases the opportunities for thieves to steal your credit card information. You should always make sure your credit card is in sight when making transactions. This benefits you in two ways, first you are able to verify the charges are correct and also keep an eye on the transaction to ensure your information is not stolen. It only takes a few seconds for a dishonest clerk to jot down your credit card information or less if they use a cell phone to take a picture of your card. With that information in hand a thief can easily use your account to make purchases online or even sell the information on the black market.

Keep the lines of communication open with your card issuer. There are entire departments devoted to dealing with credit card fraud. If you feel your account has been compromised or see transactions that you are certain you have not made, contact your creditor immediately. They will be able to freeze your account and help you through the process to ensure you are not held responsible for fraudulent charges.

Review your credit report. Even if you have good credit you should still review your report a few times a year to ensure there is not activity being reported that could indicate someone is using your identity to open and use credit card accounts. In the case of identity theft it is common for the thief to open accounts using a different mailing address, making it possible to rack up thousands of dollars of debt in your name without you knowing until it is too late. By reviewing your report you can confirm all the information reported is accurate and based on accounts within your control.