Permanent Link: http://ufdc.ufl.edu/IR00002170/00001
 Material Information
Title: Credit Card Safety
Physical Description: Fact Sheet
Creator: Turner, Josephine
Publisher: University of Florida Cooperative Extension Service, Institute of Food and Agriculture Sciences, EDIS
Place of Publication: Gainesville, Fla.
Publication Date: 2001
Acquisition: Collected for University of Florida's Institutional Repository by the UFIR Self-Submittal tool. Submitted by Melanie Mercer.
Publication Status: Published
General Note: "Publication: July 2001."
General Note: "FCS5209"
 Record Information
Source Institution: University of Florida Institutional Repository
Holding Location: University of Florida
Rights Management: All rights reserved by the submitter.
System ID: IR00002170:00001

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1. This document is FCS5209, one of a series of the Department of Family, Youth and Community Sc iences, Florida Cooperative Extension Service, Institute of Food and Agriculture Sciences, University of Florida. Publication: July 2001. Please visit the EDIS Web site at http://edis.ifas.ufl.edu This material was adapted for use in Florida with perm ission of the Alabama Cooperative Extension System. 2. Josephine Turner, Ph.D., CFP, professor, Family and Consumer Economics, and reviewed by Nayd a I. Torres, Ph.D., professor an d chair, Department of Family, Youth and Community Sciences, Cooperative Extension Servi ce, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, 32611, and Patricia Goodgame, exte nsion agent II, Volusia County. The Institute of Food and Agricultural Sciences is an equal opport unity/affirmative action employer authorized to provide resea rch, educational information and other se rvices only to individuals and institutions that function without regard to race, color, sex, age, handicap or national origin. For information on obtaining other extension publications, contact your c ounty Cooperative Extension Servic e office. Florida Cooperative Extension Service/Institute of Food and Agricu ltural Sciences/University of Florida/Christine Taylor Waddill, Dean FCS5209 Credit Card Safety1 Josephine Turner2 Overview Credit cards are used to buy goods and services today with tomorrows money. You can also use your credit cards to get cash. Having and using credit cards can help you because: You do not have to carry cash. It is easier to pay one bill than to write a check for each item you buy. It is easier to keep track of where your money goes. You can still buy things you need, even when you dont have money. You may have early notice of sales. It is often easier to return items Credit cards can hurt you because: o They make it easy for you to overspend. o You may pay more for goods and services. o Using credit cards may keep you from shopping around. o Using credit cards means you agree to the credit terms. Costs Of Credit There are different types of credit cards, and they may have different costs. Travel and entertainment cards have yearly membership fees. Also all bills must be paid in full when billed. Department store cards usually do not have a yearly fee, but they have finance charges. Bankcards usually have a yearly fee and finance charges. Credit Card Safety Use your credit cards carefully to lessen the risk of losing them. Keep your credit cards with you. Carry your credit cards so you know where they are. Th is way you will know if they are all there. Dont carry them loose. Carry only those cards you think you will need when you tr avel. It is easier to lose them on a trip than at home. Put them in a safe deposit box or other safe place while you are gone. Make sure you keep a list of the names and account nu mbers of your credit cards. Keep this in a safe place also. When you get a new card in the mail, check the envel ope with care. If you think it has been opened, let the creditor know and ask that the car d be canceled and a new one issued.


Credit Card Safety page 2 July 2001 Credit Card Safety Record Your credit card safety record will be helpful if your card is lost or stolen. When you make a credit card safety record it should have all the information you will need to report a lost or stolen card. Keep this record in a safe place with other important information. Put the following information on the record (which you will find on the next page: The name of the card. The name of each person in your family who has a card. The account number. The telephone number and address to report a lost or stolen card. The date the card expires. (If you dont get a new card within a week of this date call your credit card company.) For Your Protection When using a credit card: DONT give your credit card number over th e phone unless you initiated the call. Avoid losing track of your credit card. Always check your card when it is handed back to you to make sure it is yours. When you make certain types of purchases, your receipt will have the total entered by machine as well as written. The machine-coded number is often in the u pper right corner. Make sure it matches the number written in the total slot. NEVER EVER sign a receipt with blank spaces in it. Always check your receipt before signing it. Make sure the amounts are totaled a nd the total is clear and correct. Request your carbons, if any, or watch while the salesperson tears them in small pieces. When you no longer use a card, cut it up in little pieces. NEVER throw a credit card away or mail it back to the company in one piece. If you mail a credit card back to the company, cut it up a nd keep one piece with numbers. This makes it impossible for some one to steal your number. Keep all the charge slips and check them against your bill. If you find a mistake, write the company. What To Do If You Lose A Card Report the loss at once using your Safety Recordsee last page of this publication for Credit Card Safety Record sheet. Telephone the company and give your name, address, and account number. Make a note of the date and time you called and the person you talked with. Ask for mailing address. Follow up with a letter giving the same information as above. Make sure you send it registered mail, return receipt requested, so you will have a signatu re and date of when your letter was received. Keep the telephone bill showing the long distance call to the company, if any. This will also be proof of the date and time you called. When the company gets the information that your card was lost, you are no longer responsible for any unauthorized charges made on the card. Keep all the information in your home business file. For more information, contact your county Extension office. Lo ok in your telephone directory under your countys name to find the number.


Credit Card Safety page 3 July 2001 Credit Card Safety Record Name of Card Name of Card User Account # Expiration Date Lost Card Phone # Address for Reporting Lost Card