Credit cad fraud may be one of the simplest forms of identity theft. When using a credit card, you must learn how to prevent credit card fraud. You may suffer from huge financial losses resulting from credit card fraud. What’s more, credit card fraud can also lead to a damaged credit report and a reduced credit score.
However, you do not have to worry about security issues with a Bank of America credit card. Bank of America offers more than 20 kinds of credit cards. Credit card security is also guaranteed. Bank of America makes great efforts to keep your credit card secure from fraud.
What kind of protection Bank of America offers?
All Bank of America credit cards are covered by the Total Security Protection package. To protect your credit card account from any form of identity theft, Bank of America provides many useful methods and common sense tips as well.
• $0 Liability Guarantee
If your card is lost or stolen, you do not have to pay for any fraudulent card transaction fees. That’s how zero liability guarantee can protect you. With the $0 liability guarantee, you’ll hold no liability for any fraudulent charges made with your Bank of America credit card. Zero liability guarantee can give you the confidence to pay everywhere. You’ll be completely protected against theft, loss and fraudulent use of your credit cards.
When any fraudulent charges are made with your credit card, the charges will be credited to your Bank of America account as soon as the next day. Bank of America puts priority on customers’ account security.
• Free ShopSafe
Since credit cards are always used for online shopping, Bank of America offers free ShopSafe, a kind of safe online shopping service. It delivers an extra layer of protection when you shop online. Thus your online purchase can be completed with confidence.
You may be wondering what is ShopSafe. Bank of America offers this free credit card fraud protection service. Then you’ll be able to create a temporary card number each time you make an online purchase. This temporary card number is directly linked to your real Bank of America credit card account number. The ShopSafe number helps keep your credit card info absolutely private and protected. Then you can shop online safely without exposing your real credit card number.
• Fraud Monitoring
Bank of America reviews how and where your credit card is being used. Any potential fraud will be blocked if any unusual account activities are detected. Around-the-clock fraud monitoring can help detect any unusual authorizations, address changes and payments. Then your credit card account will be secured against any fraudulent activity.
• Security Technology
Bank of America also adopts advanced security technology to protect customers from credit card fraud. Sometimes credit card fraud occurs due to the exposure of personal info, like credit card number. Bank of America uses Secure Socket Layer (SSL) technology to protect your personal info. SSL technology will encode important personal info sent between your computer and Bank of America via the Internet. Therefore transmitted info will remain confidential.
An SSL-compatible browser is required if you want to take advantage of the SSL technology. If you have windows or Unix operating systems, all of the following SSL browser versions are supported.
• Netscape Navigator 4.08 or later
• Netscape Communicator 4.7 or later
• Microsoft Internet Explorer 4.01 or later
What you can do to prevent credit card fraud?
Though Bank of America is striving to ensure customers’ account security, your efforts will make a difference as well. You can also do a lot to prevent identity theft while using your credit card.
• Using ATMs Safely
ATMs are very convenient if you need to take cash advances. However, you must use ATMs safely. Make sure to use ATMs with surveillance cameras. Be cautious about people and surroundings while you’re using an ATM. When you’re making a transaction with your credit card, remember to shield the ATM keyboard with your hand or body. Otherwise your PIN may be exposed. After completing your transaction, you should check your credit card and cash before leaving.
If you use ATMs carelessly, some of your important credit card info is likely to be exposed to criminals. Then you’re prone to be a victim of identity theft.
• Avoid Paper Statements and Select E-statements
Paper statements are not safe anyway. Instead, you can choose e-statements with online banking. As long as you sign in to Bank of America online banking, you’ll be able to access your Bank of America credit card statements online. You can contact Bank of America and ask them to stop sending paper statements. Online statements are safer than paper statements sent through mail. With paperless statements, you can also check your account balances and view your account statements.
Well, if you insist on paper statements, you need to keep the receipts and statements in a secure place. Don’t forget to check your paper statements to verify the monthly charges. If you find any unauthorized transactions, report them immediately.
• Report a Lost or Stolen Card Immediately
A lost or stolen card can bring you much trouble and a lot of stress & worry. To reduce your risk of financial loss and identity theft, you must report a lost or stolen card as soon as possible. If your Bank of America credit card is lost or stolen, you can call 1-800-732-9194. If you’re outside the continental U.S., you can call 1-757-677-4701.
As soon as you’ve made the call, Bank of America will help cancel your credit card. A replacement card will be issued within one business day. You won’t be responsible for any fraudulent activity.
If you’ve already been a victim of identity theft due to a lost or stolen card, please contact Bank of America immediately. Then your account will be closed and your credit card will be cancelled.
Note: This web site is not affiliated with, nor endorsed by Bank of America. Financial statements on this page have no connection to Bank of America. For guaranteed financial advices, visit Bank of America official site.
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