At the end of the fiscal year in 2005, approximately 56 million credit cards were currenty in circulation across the country, with a very high sales volume exceeding $190 billion dollars (MasterCard and Visa). Here are some general practices to help keep you and your card safe.

• Keep your card in a safe place and never ‘lend’ it to anyone. Conducting an ABM or debit transaction requires both your access card and your Personal Identification Number (PIN).

• Protect your PIN number, it is your electronic signature. Don’t write it down just take some time and memorize it. When selecting a PIN, always avoid the obvious things like your name, telephone number, date of birth, and address.

• Never disclose your PIN to anyone. No one from a legitimate financial institution, police service, or business should ever ask for your credit card PIN.

• Always conduct your ABM transactions when and where you feel the most secure. If you are uncomfortable about using the machine for any reason, do it later or go to another safe location.

• To ensure privacy, use your hand or body as a shield to prevent others from seeing you enter your PIN number. After completing a transaction, remember to take your card and your paper transaction record.

• After making a withdrawal from an ABM, count the cash received and put it away immediately.

• If your card is lost, stolen, or is retained by an ABM, notify your financial institution immediately. Most institutions offer a easy to reach 1-800 telephone number and/or 24-hour service for lost or stolen cards.

• Next Entry: Choosing the Right Credit Card