The holiday season is upon us, and many of us are in the midst of shopping for presents. Credit card usage is at a high this time of year as we search for the perfect gifts to buy for our loved ones. But how protected are you and your credit this holiday season?
To be a smart, savvy credit card user you need to understand the latest credit technology, so that you can be aware of what potential hazards there are and what securities there are available. While data breaches are happening more frequently, technology is constantly being invented to safeguard and protect you and your credit. Here are few tips you can practice this holiday season to protect yourself.
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Protect your data: Many large retailers now ask for a variety of personal information when you make a purchase, such as your phone number, email address etc. Be selective about giving out this information as it can be used against you in the event of a data breach.
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Keep a daily eye on your credit: If your credit card is your primary method of payment, keep a close eye on your purchases. This will be the quickest, and easiest way to see if your card has been compromised. Chip and pin technology are helping to protect your credit, but the only real safeguard is your vigilance.
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Use cash as much as possible: Cash is the safest way to pay for purchases, and the only way you can ensure your data and credit is protected. For small purchases where you can have the money on hand, we recommend only using cash. Or set a holiday budget, withdraw the cash, and stay within that limit to make your purchases.
Now just remember to hydrate, and have a snack with you while you beat all the other shoppers to the deals you’re looking for!