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 With a debit card, cash is immediately withdrawn from your account and it can take longer for the funds to be returned to you.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

Search Blogs Module

Wait a minute, while we are rendering the calendar
life saver FSA ID card phishing scams disaster areas hurricane Dorian Treasury Department cell phone service provider insurance policies policy portal privacy settings assets Orange County Medicare Part B credit cards VOIP landline phones Retirement Contribution Limits privacy notices bottom line money car loans credit freeze Independence Day information health care services operations manager 2017 TD Ameritrade National LINC Conference Puerto Rico partner /owner Amazon credit monitoring service drive /usb memorial Day weekend Asset Planning identity thieves documents clients show support insurance policy estate planning Legal robocalls D premiums retirement plans 20 year anniversary Two-Step Verification October 1 2020. IRS deadline health care costs 4 pm -8pm identity theft home security cell phone carriers offer parking spots phishing sites Healthcare FEMA website borrowing money IRA accounts vision screening Medicare Part B premiums Affordable Care Act credit score Mobile Banking Security Tips credit card fraud consumer spending home emergency preparedness kits Auto insurance June 29 retirement accounts Joey Gonzales interest rates investment statements contribution limit 900 number opt-out company family members Federal Trade Commission website president Trump July 4 CERTIFIED FINANCIAL PLANNER exam Roth IRA pet fees https ://seekingalpha account numbers settlement options estate client portal toilet paper Shred paperwork 2017 IRA contributions phone Wells Fargo employees banking ice cream Notary Public 70 1/2. California Lions Friends increase Kiplinger Letter cell phone provider phone companies rescue organizations gap insurance https :// Erin Nelsen flash drive executive order chip-enabled EMV cards notary services birth certificates home mortgages Wells Fargo customers asset Planning jury duty vacation trust emergency folder breach Supplemental Security Income driver license relief efforts app spring cleaning 401K ice cream event fun atmosphere wells Fargo 23 andme Part B official certification card reader earthquake app web address clients scams Open Enrollment Victor Dergunov Ice Cream Social pets pet supplies 2017 Equifax breach house sitter spam phone check lists home break-ins email notifications estate planning direction prescription eyeglasses news coverage “ skimmer ”. tax season Open House emergency kits checklists fun facts cell phones Medicare Part D premiums . Medicare question DNA test kits emergency kit Orange County Superior Court pet industry Financial Planning Magazine 2018 IRA contributions Fox News story Flexible Spending Account paperwork clutter non-prescripstion sunglasses National Ice Cream month Social Security padlock EEChecklist-Kits.pdf stockpilingchecklist.pdf April 15 trustee Medicare Advantage debt Brexit vote integral member illiegal robocallers Medicare plan retirement home retirement planning team members summer tax deadline information Facebook Facebook profile CFP ® text messages April 11 credit card company Kraig Mathias media accounts blog post self-help topics clone counterfeits Social Security Administration home emergency kit April 18 2017.