1155: How to Protect Yourself From Credit Card Theft by Emily Guy Birken with PT Money on Safeguarding Your Finances

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

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🗓️ 8 May 2020

⏱️ 9 minutes

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Summary

Emily Guy Birken with PT Money shares how to protect yourself from credit card theft. Episode 1155: How to Protect Yourself From Credit Card Theft by Emily Guy Birken with PT Money on Safeguarding Your Finances PTMoney.com is about helping you make extra money, save more money, and spend your money wisely--all in an effort to help you fix your finances so you can build the life you want. It was started by Philip Taylor, a CPA, entrepreneur, and blogger who started the site in 2007. He also created FinCon, the popular conference for financial nerds. The original post is located here: https://ptmoney.com/how-to-protect-yourself-from-credit-card-theft/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily.
0:02.0	Episode 1155.
0:04.0	How to Protect Yourself from Credit Card Theft
0:07.0	by Emily Guy Birken with P.T.
0:09.0	money.com.
0:10.0	And I'm your host and narrator of the show.
0:12.0	My name is Dan and I am here every single day, including weekends and holidays, bringing you some of the best personal finance blogs on the planet in audio form. And I'm going to keep this Friday intro nice and short for you so let's get right to our post as we start
0:26.8	optimizing your life.
0:29.8	How to protect yourself from credit card theft by Emily Guy Birken with P.T Money.com
0:40.0	If you were to turn over any credit or debit card in my father's wallet, you would find that instead of signing his name in the signature box, he had written check photo ID.
0:50.0	His rationale was twofold.
0:52.0	One, on the off chance that a cashier or waiter were to actually try to compare
0:56.4	the signature on the card with the one on the charge slip, which as a former retail employee I can tell you
1:02.0	is a rare event indeed, they would truly
1:04.5	be able to determine if the person using the card was actually the card holder.
1:08.9	And two, if his credit card was stolen, my father didn't want the thieves to also have a copy of his
1:13.8	signature to forge. This is a strategy I have emulated even though as technology
1:19.0	has advanced this trick has become less and less useful. After all, internet shopping requires no signature,
1:25.2	and in many stores you no longer even have to sign for a charge that is less than $25.
1:30.4	One way to protect you when shopping online is to use a service like privacy.com.
1:35.0	Privacy creates secure virtual cards and completes checkout forms for you,
1:40.0	saving you time and money while masking your real card details.
	...

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