Asset Planning, Inc Blog

The latest from the team.

Tips to Avoiding Credit Card Fraud While Traveling Abroad


We came across an article this morning on by Maria Lamagna that had some great tips on preventing credit card fraud while you are traveling abroad. We thought we would pass them on to you…

Bring some cash with you on your trip. Make a visit to your local bank before your trip to convert your cash into the foreign currency or you can convert it at the airport upon your arrival.

If you must use an ATM, it is better to use one at a bank than on the street or another non-financial institution. Examine the ATM before using it for any abnormalities. If the card reader appears not to fit, has glue on it or it is chipped it may be a “skimmer”.

Use credit cards instead of debit cards. Credit cards usually have built in protection for fraud and the credit card company can dispute the charges for you. With a debit card, cash is immediately withdrawn from your account and it can take longer for the funds to be returned to you.

Use mobile payments when you can. Transactions with services like Apple Pay use a tokenization method when making payments. This means that a new token is issued for each transaction instead of transmitting the actual credit card number making the payment more secure.

Avoid using public Wi-Fi as much as possible. Although it may be tempting to log in at the local café to save on data use it is very dangerous and an easy way for hackers to get your personal information. You should also change your password before and after traveling.

Check your account activity often. Look out for any transactions that look out of the norm so you can catch any fraudulent activity quickly. Many banks and credit cards now offer monitoring alerts that you can customize and be notified when an unusual transaction occurs.

Continue reading
  713 Hits
713 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
retirement accounts trust Fox News story policy retirement “ skimmer ”. contribution limit clients show support ID card money fun facts IRS deadline credit score Auto insurance interest rates vision screening Medicare pets IRA accounts home Affordable Care Act ice cream event gap insurance debt Retirement Contribution Limits bottom line Legal robocalls birth certificates identity thieves prescription eyeglasses disaster areas emergency kit Victor Dergunov credit card fraud Healthcare CERTIFIED FINANCIAL PLANNER exam Open Enrollment Notary Public documents home security Medicare Part B card reader executive order pet supplies privacy settings credit freeze Independence Day notary services retirement plans 2017 TD Ameritrade National LINC Conference Supplemental Security Income FEMA website jury duty VOIP landline phones identity theft driver license D premiums trustee president Trump earthquake app retirement planning account numbers client portal drive /usb official certification portal California Lions Friends April 11 4 pm -8pm summer 2017 IRA contributions Wells Fargo customers parking spots Roth IRA National Ice Cream month tax season October 1 2020. relief efforts Shred paperwork opt-out Medicare Part B premiums Part B information Facebook fees 20 year anniversary Orange County paperwork clutter July 4 home mortgages pet industry vacation home break-ins pet estate planning clone counterfeits increase banking Puerto Rico house sitter spring cleaning https ://seekingalpha 70 1/2. Part D premiums . Brexit vote emergency folder privacy notices DNA test kits 23 andme wells Fargo assets Kiplinger Letter Open House June 29 phishing scams consumer spending credit card company Wells Fargo employees insurance policy Two-Step Verification insurance policies Social Security Administration asset Planning memorial Day weekend Medicare question clients Kraig Mathias credit cards car loans Social Security borrowing money April 18 2017. Orange County Superior Court Treasury Department estate flash drive investment statements rescue organizations chip-enabled EMV cards illiegal robocallers Facebook profile non-prescripstion sunglasses Mobile Banking Security Tips 401K