Online Credit Card Management: Is it Safe?

In today’s world, you can manage almost every aspect of your credit cards online. While it is convenient to shop and pay bills over the Internet, you may be concerned about the security risks involved. The good news is that you can reduce your risks by taking preventative action. Follow these tips to make sure your online credit card management is safe.

Applying Online

Many websites allow you to apply online for a credit card. If you’re concerned about sending personal information into cyberspace, chances are you need not worry. In most cases, online applications are just as safe, if not safer, than sending forms through the regular mail system. When you drop an application in the mailbox, your personal information is exposed to numerous potential scammers. The process may take four to six weeks to complete, thereby creating more possibilities for others to see your data. If you send an application through an online connection, however, it will arrive in less than a second to the secured source. When applying online, first check that the site is secure and legitimate; then fill out the application.

Shopping Online

Before purchasing an item online, take a few measures to check for security. First, make sure that the company is legitimate. If you are in doubt, you can check with the Better Business Bureau. Next, look for security features on the site. If the payment page has the letter “s” after its “http” code (https:), it is protected with SSL, or Secure Sockets Layer. This applies encryption between your computer system and the company’s Internet server. When your data is transmitted over the Internet, it is encrypted, or scrambled, when it is sent. It is then unscrambled when it reaches its destination. Another safety feature to look for is a small padlock on the screen. Finally, make sure you feel comfortable providing your information. If something on the site concerns you, check into it before paying with your credit card.

Online Statements and Billing

Almost all credit card companies allow you to sign up for online access to your credit card account. When you do, make sure that the site has secure features. Be careful not to use a login name or password that contains obvious personal information, such as your name or date of birth. Check your card activity and online statements regularly for signs of transactions that you did not authorize.

Phishing

By far, phishing is one of the most dangerous fraudulent activities online. In phishing, scammers send e-mails that appear to be from legitimate companies. They often ask you to respond with personal information to confirm an account or win a prize. Be sure to check your e-mail carefully. A credit card company will never ask you to send personal information, such as your social security number, to them via e-mail. If you receive a questionable e-mail, do not respond to it or open any attachments it contains. Rather, report it to the credit card company or a credit bureau for inspection.

Like other security issues, online credit card management can be safe if proper measures are taken. Check sites for security features, look into online companies before making purchases, and avoid responding to questionable e-mails. By following these steps, you can enjoy the ease of online credit card management without the headache of credit card fraud.

Copyright Ed Vegliante. Free online reprints of this article are allowed provided the resource box remains intact with a live link back to http://www.credit-card-surplus.com .

Online Credit Repair Basics

Online companies offering credit repair services are becoming increasingly popular. These online companies assist people in repairing their credit so they become eligible for better credit products, such as credit cards and home loans.

By rebuilding your credit and improving your credit score, credit lenders will view you as less of a financial risk and will be more willing to offer financial products with better annual percentage rates (APRs) and less fees and charges. It is for this reason that people seek the help of companies that offer credit repair services.

The first thing you will need to do is complete an online application. This application will request personal and financial information from you, such as your history of late payments, court judgments, bankruptcies, etc.

After completing the application, you will normally receive a response in two to three days. The company will report back to you what it perceives to be the problematic areas of your credit history, what it feels it can to do help, and the cost to complete these steps to improve your credit score.

It is important to know that any entries on your credit report which are accurately reported will remain on your credit report for up to seven years. There is no legal way to remove accurate information from your credit report. Also, be aware that it is illegal in the United States for a credit repair service to request payment for services which not yet been rendered.

Be aware also that any course of action a credit repair service might take can also be accomplished by you. There is nothing one of these companies do that you cannot do yourself. The process entails writing a dispute letter to the credit reporting agency requesting that the information be revised or removed. You will need to provide documentation to substantiate your claim. Also, be sure to retain copies of any and all correspondence to and from the credit reporting bureau.

The main advantages to using an online credit repair service are that it will save you time and stress when dealing with this process. If these are good reasons for you to employ an online credit repair service, then the fees you will pay may be justified. If you would prefer not to pay the fees, then you might try do-it-yourself credit repair.

Online Credit Card – Ensuring a Safe Use of This Card

There is quite no convenience for online shoppers like an online credit card. Unfortunately, not everyone is going to be able to get the advantage of making use of this, because in more cases that not, they end up being victims of scams and online frauds while engaging in online shopping. With some care, you can successfully avoid all of these and be able to efficiently make use of your credit cards. It only takes a little bit of caution from your side in order to get the most out of your online card.

Knowing where to use

Now that you have an online credit card, the next thing that you need to know is about where you would want to make use of this card. Ensure that you don’t provide the card details on just about any website. Use discretion to only pick out the kind of websites that will protect your privacy and not leak your card details to anyone else. In this manner, you can be sure that your card is used only as intended. Many of the credit card offers also include the ability to learn about online security. If you are unfamiliar with this, you might consider taking this up and learning about the same.

Using multiple passwords

Since this is an online credit card, verifying the identity of the user might not be all that simple. Hence, a solution that you can make use of in order to counter with this is to implement some complex passwords or even make use of more than one password. In this way, the person making use of the card will have problems buying things online using simple the card’s number and the CVV printed on the back side. Many credit card providers off late have implement this concept on online passwords which is akin to a pin code on the ATM machine.

Storing in a safe place

Since this card is only going to be used on the internet, it makes sense to store the same in some trusted place. This is so that the card doesn’t end up falling in the wrong hands. It is quite possible that someone you might know like a maid or so might steal the card if it is carelessly kept lying around. Although considered to be an online credit card, it can still very much be made use of for regular purposes as well. Hence, you should keep it in a safe place and be sure that you know about its whereabouts even if it is not with you at the moment.

With all these different precautionary measures, it is extremely hard to lose track of your best credit card. Hence, make sure that you stick to these and ensure that you are in the knowhow about the latest developments concerning the online credit card. It might seem like a lot to keep in mind right away, but once you do think about it, you will realize how little it actually is.