Different Areas Of Credit Card Security

By Author: Alisdair Cosgrove
Total Articles: 184
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You will find four primary card security features offered by a variety of card companies. These security features rate high among advocates of consumer rights and other agencies. These four card features offer protections for those areas that are most sensitive to risks. The following credit card security features have both pros and cons that must be weighed.

More major credit card issuers are including the security feature known as zero liability policy with their cards. It is a feature that is used like your insurance policy, providing certain protections against fraudulent card use. When a cardholder discovers that their card has been taken and used in such ways, the policy may be activated. With this feature, you, the cardholder will not be held liability for any unauthorized purchases. You may also find that amount of protection or coverage will vary from card to card, and may deal with cash compensation as well.

The second security feature is one that is utilized more and more by those who make frequent purchases by telephone or via the internet. They are known as temporary purchase numbers. The credit card ...
... issuer will give you an alternate number that may be used in the place of your real credit card number on a one-time only basis for entering into online forms or via telephone. It should be remembered that these numbers are meant to be used once. Therefore, if you desire to make additional purchase, a new number will be required.

The third security feature that is gaining more acceptance among users is photo security. There has been some initial resistance to the use of this feature, but the increases in instances of identity theft and credit card fraud may be changing this attitude. Photo security, by definition, is an immediate form of identification and stops more card fraud from being committed during at-the-counter purchases.

With identity theft coverage, any legal fees you have, which is equated to a percentage of your lost job earnings, will be covered.

Knowing what sort of credit card security features you can choose from, it is far more relevant to find out what options your own card company carries. If they have security features, are they mandatory or paid options? Identity theft can no longer be avoided because it is a more pervasive threat; you need to adequate protection for your finances and credit cards.