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When you're leaving on a trip, the last thing you want to worry about is the security of your credit cards. Whether you're exploring exotic destinations or jet-setting for business, safeguarding your financial information is paramount.
The reality is, credit card fraud can happen to anyone. According to an article by Jack Caporal for The Motley Fool, it's the most common type of fraud with over 425,000 cases reported in 2023. Traveling abroad may increase your risk, as Rick Steves warns that "pickpockets target tourists."
But don't let that scare you — with a few precautionary steps, you can stay several steps ahead of the thieves, scammers and fraudsters. Here are some essential credit card travel tips to ensure peace of mind during your adventures.
Before you go
Protecting your credit card information should start well before you embark on your trip. Here's what you should do before you leave:
- Record important information. Write down your credit card account number(s) and store them in a secure location separate from your cards. Additionally, make note of crucial phone numbers, including your financial institution's phone number. You'll use this for reporting lost or stolen cards both during business hours and after normal business hours.
- Notify your financial institution. Inform your bank or credit union about your travel plans, including your destination and dates of travel. This prevents them from flagging your transactions as suspicious activity.
- Memorize your personal identification number (PIN). Make sure you know your four-digit PIN by heart. Avoid writing it down or sharing it with others.
- Check card details. Before leaving, verify the expiration date on your card and any spending limits or restrictions that may apply.
- Carry identification. Always carry a valid photo ID with you, as some merchants may require it for credit card transactions.
- Review card benefits. Familiarize yourself with the benefits offered by your credit card, such as Travel Accident Insurance or purchase protection.
During your trip
Remaining vigilant during your travels can prevent potential threats to your credit card security. Here are key precautions to take:
Be vigilant at ATMs
When withdrawing cash, look for your credit card's brand mark such as Visa or MasterCard at ATMs and ensure there are no signs of tampering.
Check receipts
Before signing receipts, verify that the amount charged is correct. Keep your ATM and merchant receipts to compare with your monthly statement later.
Stay alert at gas stations
Gas pumps can be targeted by thieves using skimming devices. Follow these precautions:
- Be aware of your surroundings, including lighting conditions and the condition of the pumps.
- Check that the gas pump cabinet is closed and hasn't been tampered with.
- Use pumps closer to the store, as they're less likely to have skimming devices.
Monitor your accounts
Regularly check your credit card accounts for any unauthorized transactions or suspicious activity. Promptly report any concerns to your financial institution.
Additional security measures
You don't have to wait until you're traveling to start protecting your credit card information. Here are a few things you can do whether you're home or abroad to keep your information safe:
- Use card controls. Goldenwest Credit Union offers Card Controls through their mobile app, allowing members to freeze or unfreeze credit card access, schedule travel notifications and report lost or stolen cards conveniently. Click here to learn more.
- Instant-issue visa cards. Goldenwest Credit Union also provides instant-issue Visa cards in all branches, which are perfect for last-minute credit card needs prior to your trip or replacing lost or stolen cards that may have occurred during travel. Members can even choose their own PIN or update it at any time at a Goldenwest branch. Visit their website for more information.
By implementing these credit card security measures, you can enjoy your travels with confidence, knowing that your financial information is protected every step of the way. Stay vigilant, stay secure and make the most of your journey!
Earn travel rewards with the Goldenwest Visa Rewards credit card
Now that you know how to keep your credit card safe while traveling, here's another great idea: Apply for the Goldenwest Visa Rewards credit card and start earning rewards on your purchases. This includes travel rebates on airline tickets, hotel stays and rental cars, among many other perks.
Enjoy the purchasing power and security of Visa, complemented by competitive rates and outstanding service available through Goldenwest. Their member-centric rewards program offers ExtraAwards points redeemable for travel, merchandise, gift cards or up to 1% cash back.
To find out more about the Goldenwest Visa Rewards credit card, click here.
