While out holiday shopping recently, I learned there’s nothing like a little extra reassurance by your credit card issuer to give you instant peace of mind in this era of data breaches and identity theft. During a visit to Austin,…
Like it or not, your credit card company is watching what you buy, where you buy it and just how much you spend on it.
One of the big reasons for this: sniffing out fraud.
In the wake of huge headline-grabbing breaches at Target, Michael’s and other retailers, banks are constantly on the lookout for purchases that might seem strange or out of character for a particular credit card holder. Oftentimes, they’ll call or text a cardholder if something looks unusual. They’ll even decline a purchase if it seems iffy.
But what exactly makes a purchase look sketchy?
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Don’t know? Don’t feel bad. According to the latest CreditCards.com survey, many of your fellow cardholders don’t either.