Hundreds of financial institutions issue credit cards to millions of individuals. Today, more than 77% of U.S. consumers carry one or more credit cards, and nearly three quarters of cardholdersuse them for holiday shopping.
But now credit card fraud is more frequent than ever. Nearly 32 million 3 U.S. consumers were victimized by credit card breaches last year, with the holiday shopping season a particularly vulnerable time.
Not all issuers — and credit or debit cards — are the same.
Choose wisely when opening a credit or debit card account with a financial institution; the decisions you make now will either haunt or comfort you should you ever be victimized by fraudulent activity.
“By working hand-in-hand with your bank or credit card company, you can reduce the chance of being victimized during the holiday shopping frenzy — and less impacted should a breach occur,” said Pam Codispoti, president of Chase Consumer Branded Cards. “Using the right technologies and techniques can keep your cards — and your reputation — secure.”