Credit Card Issuers Protections Pay Off

7:52 PM, Jan 31, 2013   |    comments
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WASHINGTON, DC (WUSA) -- A recent study found that the percentage of credit and debit card transactions impacted by fraud are small thanks to fairly strong safeguards by card issuers.

But still, you can do some simple things to protect your plastic starting with the card you choose for certain transactions.

"CardHub did a study evaluating cards and how much fraud protection they have, ranging from credit cards to debit cards and prepaid cards.  And, we found out that credit cards offered the best protection when it comes to fraud," says CEO Odysseas Papadimitriou.

CardHub found zero liability guarantees for the four major credit card networks, Visa, MasterCard, Discover and American Express.

Consumers don't need to pre-register to qualify for those protections.

But, they do need to report any suspicious activity.

Be vigilant, check your credit card monthly statement online before it arrives in the mail.

And, fill in blank spaces on your receipt, like the tip on a restaurant bill, even if you don't leave one.

Those blank spaces can be filled in by fraudsters. recommends that you use a credit card for all of your primary spending.

It will shield you from any fraud liability on unauthorized transactions, and it's more secure than a debit card. 


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