Swindle and credit cards

If from you demand to inform the PIN-CODE is a swindle

Bankers assert that their many clients rather thoughtlessly concern rules of use of plastic cards, frequently at all without troubling itself perusal of all necessary documents. About that, on what it is necessary to pay attention, concluding the contract with bank how to secure the credit card against swindlers and than ignorance of tariffs for card service threatens the borrower.

The first and main council which is given by experts to the potential borrower, it is attentive to read the credit contract. However, according to sociological service of interrogations, there is more than half of its people do not read. So all the same to do, if, say, there is no time to read all document? To what points to pay attention first of all?

If you do not have time to read the contract, but also, to ask to the manager of bank the questions on its conditions and to receive on them intelligible answers — do not sign the contract. It is necessary to read this document always and in full, without any exceptions.

Present for a minute that on road the driver who has bought the car has left, but does not know traffic rules. It is clear that it will lead to pitiable consequences. With a plastic card the same situation — it is almost impossible to secure itself against financial and moral costs at use of cards without understanding of the own rights and duties (as the holder of a card), the rights and duties of the credit organisation, and also conditions of use of plastic cards. Actually, it also is the main things, but not unique sections of the contract on which it is necessary to pay special attention.

But besides the contract it is necessary to familiarise very attentively also with tariffs on cards and with rules of their use which, in turn, should include section on security measures. Only after that you can be assured that make the realised and weighed decision, having put or without having put the signature under the document.

On what to pay attention at a credit card choice?

First of all, on financial conditions of granting of the credit — the effective interest rate, the size and period of validity of a credit limit, presence of a grace period of crediting (grace period). Extremely important in detail to familiarise with terms and order of repayment of loan debts, and also to compare them with periodicity of receipt and volume of your income, as much as possible to protect itself from risk of occurrence of delay. And, at last, it is necessary to study attentively tariffs on plastic cards, and not only from the point of view of crediting rates.

Some concrete examples: take an interest not only duration of a grace period (as a rule, it it is 30—50 days), but also operations on which its action extends. Some banks do not include in grace period operation on removal of cash from the card account. In this case the loan debts on the given operations will be tarriffied under the standard rate of crediting in spite of the fact that operation has been spent to a grace period. Also it is necessary to pay attention to readout date grace period — it can be calendar or coincide with date of actual occurrence of loan debts. Naturally, to the client the second variant is more favourable. Attentively look at rates of tariffs on delivery of cash money resources as through bank cash dispenses — the emitter of a card, and through a network of terminal devices of other credit organisations.

How it is possible to leave in technical or not resolved overdraft on a credit card?

As a rule, it occurs at full removal of the rest of all sum under the card account through cash dispenses of foreign ("strangers") of banks. The matter is that by rules of payment systems the commission for removal of cash is kept in "another`s" cash dispense not by that bank to which posesses a cash dispense, and what has let out a card. Thus, having on a card an accessible limit in 100 USD, you can remove completely them in "another`s" cash dispense, thus the rest of your account will be nulled. Only after that bank — the emitter of a card will expose to your account the commission for the performed operation, and money resources (neither own, nor extra) on the card account already are not present. Here for the sum of the commission also will arise so-called "not resolved" overdraft.

Whether the bank to warn me about occurrence such overdraft is obliged?

Legally it is not obliged. First of all the holder of a card should trace a condition of the account. Nevertheless many banks give to the clients of possibility of operative monitoring of a condition of the card account. About not resolved overdraft as well as about all other operations under your account, you can learn and thanks to SMS—INFORMING service. At its connection on your mobile phone in a mode of real time acknowledgement in the form of SMS—MESSAGES on each operation under the card account together with the information on the accessible rest of the account come.

Whether the bank to warn about changes in tariffs is obliged?

Certainly. The information on all changes should take places in advance at least on a site of bank and be hung out at stands at its offices. Besides, some credit institutions inform clients on change of tariffs by e-mail, by means of dispatch of SMS-MESSAGES or sending of letters by mail. However, last way of informing is used seldom enough. Not all clients are ready to agree on delivery of such correspondence in the mail boxes, besides it is expensive to banks and it is inefficient on terms.

And if I all the same do not agree with the turned out figures?

The bank is obliged to warn you about change of tariffs (the ways listed above) for certain quantity of days (it is underlined in the contract) before actual date of their introduction into action. For example, in Simplebank this term makes 30 days. In this time you can make decision to pass on other tariff plan or in general to refuse use of a card of concrete bank, preliminary having extinguished the obligations to it in case of their presence.

Many humans often complain of theft of money from their cards. How it is possible to be protected from swindle?

If to list all basic ways of protection, I am afraid, my answer will be tightened on half an hour. The main thing — to understand that guaranteed to be protected on 100 % it is impossible, but it is possible to minimise risks and to bring probability of loss almost to naught. We will return to "automobile" analogy in the beginning of our conversation — buying the car, any sane person understands that at trips there is a probability of failure. Thus someone goes in a car with the safety pillows, fastened, strictly observes rules and perfectly owns skills of driving. And there are drivers, at which all just what isn`t needed. Naturally, to go at the wheel long time and without consequences in the second variant, as a rule, it is impossible.

With cards — the same history. If, for example, the client stores the PIN-CODE in a purse together with a card and loses it is it absolute loss of all money on the account. The PIN-CODE is an analogue of the digital signature of the client, and to challenge the operations made with use PIN-CODE, it is almost impossible.

I have, of course, resulted an obvious example. Ways of loss of means on the card account and various variants of swindle exists much enough. Not everything, but the overwhelming majority of risks act in film accurate knowledge of security measures and rules of use of cards with which, unfortunately, many clients do not find time to familiarise attentively. Though to make it it is possible not only at card reception, but also during any other moment on a site of bank-emitter or to find in the Internet of the recommendation of Bank of USA on this theme.

How malefactors can learn another`s PIN-CODE?

If not to take into account cases of loss of the PIN-CODE in view of its wrong storage, the most widespread are cases of so-called fishing when on an e-mail of the client various messages ostensibly from bank with requests or requirements under any pretext to give the personal information on a card come, including the PIN-CODE. By the way, such situation too is registered in security measures on cards. Whoever has applied to you to give the PIN-CODE or code CVV2 (three figures on the back of a card, intended for acknowledgement of calculations on the Internet) — at all do not answer such inquiries! Any employee of any credit organisation has no right to demand from you this data neither by e-mail, nor by phone, at bank office. Behind any such request even if to you on an e-mail the message on behalf of bank comes, swindlers disappear only.

But besides fishing exists and scrumming when the data of the client is read out by means of the special devices illegally established on a cash dispense. Whether it is possible to be protected from this kind of swindle?

It is possible. Protective measures here can be two types. The first: to use microchip cards as now swindlers read out the data from a magnetic strip on cards. Microchip cards in most cases exclude such possibility.

The second way of protection — to be attentive most. So, near to a cash dispense can be established external (instead of built in) a video camera, exist also special plastic overlays on the keyboard, allowing to consider the PIN-CODE and to let out "white plastic". Therefore it is necessary to pay attention to any suspicious elements in a design of a cash dispense and not to use at all the given cash dispense if something in it seemed suspicious — sticking out near to the keyboard of conductings or an additional overlay on the keyboard, unnaturally looking keys, additional devices on card-reader, etc.

In turn banks and payment systems apply such ways of protection, as online monitoring of the terminal devices, special anti scrumming updatings of the software and transition on microchip cards.

Alas, it is necessary to recognise that all these measures — not panacea, but they considerably reduce probability of that the client becomes a victim of swindlers.

But there is any universal way, allowing to keep means even in case of card loss?

Is. In general, if you store rather large sums on plastic, establish account limits on operation. In other words, if at you on account 1 one thousand USD, and the usual sum of transaction ten times is less, you can establish a limit of an expenditure of means in 100 USD (both on one operation, and for the certain period of time), and in this case even if you will lose a card with the PIN-CODE, 100 USD from your account there are more will remove nobody. Thus when you need to make purchase by means of a card for the sum exceeding the established limit, you simply call in a round-the-clock support service of your bank, tell card number, your nameplate data and a code word then to you change the limit sum of a mode of real time.

Besides, to clients whom only a few times in a year happen abroad, I recommend to establish at once at card reception restriction on operations on a card out of limits of USA. Cases when loss of the data has occurred in our country, and transaction — somewhere in Singapore are frequent. Before departure abroad simply call in bank and temporarily cancel this restriction, and after the returning again establish it under the account. Then swindlers even on the compromised card cannot make operation abroad when you are in USA.

Of that else it is necessary to be afraid, besides scrumming and fishing?

Swindle at calculation for the goods and services in a network the Internet. More often they occur at purchase musical, video- and photographic materials, the various software, participation in various Internet lotteries when payment is carried out on unfamiliar, doubtful sites. Most dangerous "zone" — payment by a card of downloading of video and a photo of intimate character. On the statistican, nine of ten similar sites — roguish.

Basically for any calculations on the Internet it is desirable to have a separate card for which it is possible to establish concerning a small limit of write-off of means. One more recommendation — attentively to trace, where you make purchases, and to pay attention to suspicious sites. I will repeat, if PIN-CODE introduction demand from you on any site is an absolute swindle!

Perhaps easier to have two cards, on one of which to hold the basic means, and for the second — the small sum on daily expenses?

A matter of taste. In my opinion to establish account limits easier. On all cards. And cards on which there are very much great sums of money resources, in general it is better to hold houses in the safe. The card is first of all means for calculation for the goods and services, instead of analogue of the large deposit.

What to do, if all the same money from a card has stolen?

To call in service of client support and in any case to block a card. Even then, when on its account already there is no money. Often enough banks can protest operation and return money resources. However once again I will underline — in 99 % of cases if at swindle the PIN-CODE has been entered, operation cannot be protested.