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 With a debit card, cash is immediately withdrawn from your account and it can take longer for the funds to be returned to you.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
  749 Hits
749 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
FSA 4 pm -8pm Auto insurance June 29 Supplemental Security Income drive /usb birth certificates opt-out memorial Day weekend identity thieves Social Security Administration executive order Orange County FEMA website Part B web address illiegal robocallers house sitter clients show support clients home break-ins 2017 TD Ameritrade National LINC Conference credit card company debt April 18 2017. tax season Brexit vote president Trump information Facebook account numbers Treasury Department rescue organizations credit card fraud prescription eyeglasses notary services disaster areas Medicare Facebook profile official certification Kiplinger Letter fun facts retirement planning pets identity theft Wells Fargo employees retirement plans Wells Fargo customers phishing sites insurance policies 70 1/2. April 11 emergency kit privacy notices driver license borrowing money VOIP landline phones Open Enrollment health care costs Flexible Spending Account Orange County Superior Court pet industry Open House Roth IRA retirement accounts documents emergency folder credit freeze 2017 IRA contributions clone counterfeits IRS deadline July 4 money Independence Day card reader April 15 policy https ://seekingalpha Healthcare tax deadline Affordable Care Act consumer spending home mortgages paperwork clutter Notary Public Mobile Banking Security Tips home IRA accounts fees Puerto Rico Kraig Mathias Retirement Contribution Limits Victor Dergunov interest rates Fox News story parking spots investment statements contribution limit 20 year anniversary pet supplies car loans vision screening pet ID card Medicare question insurance policy https :// Medicare Part B premiums National Ice Cream month summer Social Security 2018 IRA contributions gap insurance DNA test kits padlock trustee increase banking credit cards relief efforts non-prescripstion sunglasses Two-Step Verification CERTIFIED FINANCIAL PLANNER exam phishing scams estate client portal California Lions Friends earthquake app 23 andme credit score trust retirement bottom line vacation privacy settings 401K Amazon “ skimmer ”. flash drive D premiums Legal robocalls Part D premiums . Medicare Part B wells Fargo asset Planning home security estate planning assets Shred paperwork October 1 2020. chip-enabled EMV cards portal ice cream event jury duty spring cleaning