If you have ever found fraudulent purchases on your credit card I hope you are like my father. He not only acted quickly, so did the issuing bank, canceling the card without question.
The next step required contacting several institutions automatically billing that credit card for repeat services. They all needed updated information, a tedious endeavor.
While only diligence will protect our finances, my father thinks he found a fix for the ensuing hassle. Once again he dedicated a single credit card to monthly online bill pay. This time he is keeping that card out of his wallet and (he hopes) safe at home.
It seemed a good idea, though I intend to simply maintain my old habits. A few minutes each morning allow me to confirm the integrity of my credit line and bank accounts. So far, I’ve seen no illicit activity.
What safeguard do you take? Do you check your credit card and bank statements daily?