Keep your PIN a secret.Ĭhoose a PIN that is difficult to guess. Credit cards with computer chips still have magnetic stripes This is so you may use them in countries that don't have chip-reading technology. The computer chip works with your PIN to make sure you give permission for each transaction This helps protect you against fraud if someone steals your card. In Canada, all federally regulated financial institutions must decline any magnetic stripe transactions.Īll newly issued Canadian credit cards have a computer chip that makes transactions more secure. Prevent credit card fraud by protecting your credit card and your personal information. Asking you to use your credit card on an illegitimate website to make a "purchase".Phishing, that is, sending you an email that looks like it comes from a real business asking for credit card information.Installing small devices on payment terminals that record your credit card information.Hacking into the computers of companies and stealing credit card information.Swiping your credit card through a device that copies the information stored on the magnetic stripe of your card.Going through your garbage or mailbox to find credit card statements or other banking information. ![]() Withdraw money from an automated teller machine (ATM)Ī person can steal your credit card or credit card information by:.Make a purchase or transaction by telephone.You will receive either a paper or electronic statement with your account balance, activity, transaction history, credit limit, and Walmart Reward Dollars balance every month.Ĭredit card fraud happens when someone steals your credit card, credit card information or personal identification number (PIN) and uses it without your permission to:. ![]()
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