Credit card theft seems to be occurring more and more these days. Lately I've been hearing more about dishonest merchants copying down credit card numbers then going on internet shopping sprees. All they need is your credit card number and security code that's sitting on the back of the card (front left on some cards).
A way to prevent this from happening to you is writing down the three digit security code and keeping it in a secure place, then filing off that number from the back of your card and covering it with ink. You must make sure you have written that code down for future use or your card will be protected from yourself, as well!
Source: My friend who has suffered from credit card theft twice until they used this method.
By attosa from Los Angeles, CA
Here are the questions asked by community members. Read on to see the answers provided by the ThriftyFun community.
Over the years I have had several credit cards and saved them after their expiration date not knowing how to properly dispose them. How do I safely dispose of over 50 used credit cards?
By Raji from East Elmhurst, NY
I cut them up with kitchen scissors and put them in the trash. Don't burn them. Plastic puts off toxic fumes.
I also cut them up in small pieces. However, I cut across through my name and the account number, then I throw them out but split the pieces over a couple of garbage cans in the house.