You may be able to turn your cards "on" and "off" from your phone. If you suspect your card has been skimmed, you can use the app on your phone to turn the card "off," a setting that denies any requests to use your card. Once the suspicion has passed, if no fraud occurred, you can use the app to turn the card back "on."
This type of switching feature often includes some flexibility. You might turn off the card for online purchases but keep it open for stores. You might also turn the card 'on" for all transactions except ATMs.
Ask your financial institution about pairing geolocation software with your card. This type of feature tracks the location of both your card and phone. When someone attempts a transaction, the card company compares the location of the phone with where the card is being used. If it matches it will let the transaction go through. If the card and phone locations don't match, the card company denies the transaction. This way, if someone steals your card or card information, it would be difficult to make a purchase.
You also may be able to set GPS limits on the card, making it possible to use the card within a certain geographical area, but not outside of it.
Watch Your Statements:
- Keep a close eye on your credit card statement for purchases you didn't make.
- Consider monitoring your checking account transactions daily on your financial institution's website.
- Consider using a notification service. If you put a threshold on your credit or debit card when using such a service, you will get an alert if someone charges something over that amount. For instance, if you set a limit of $1,000, you'll be notified if someone attempts to spend $1,500 with the card. Typically, under the account services tab, you'll be able to change the notifications. Most financial institutions and credit card issuers offer this feature, but if you don't see it, contact the financial institution and ask if notifications can be set up.
- Ask for a "card not present transaction" notification. If someone tries to use your credit or debit card number online, you'll be notified immediately.