Consumers should use credit cards that offer fraud protections, as identity theft can result in a lot of credit damage.
New York, NY (PRWEB) May 07, 2014
Identity theft is a serious problem today. From getting a credit card personally stolen to being one of the many consumers in a large hacking, identity theft can happen to anyone. Luckily, many credit card issuers have programs in place to help those that have had their information compromised. They offer fraud protections and insure that consumers will have little to no liability for unauthorized purchases.
Alice Bryant, editor of Creditnet.com, a leading authority on credit cards, warns, “Consumers should use credit cards that offer these protections as identity theft can result in a lot of credit damage.” As a result, Creditnet released their ranking of the credit cards that offer the best fraud protection today. Creditnet experts found that these are the best credit cards offering protection against identity theft:
The Discover it card has a no fraud liability program with U.S.-based Fraud Specialists monitoring every purchase every day. They will alert cardholders of unusual activity by email, phone, or text, and users can freeze their card any time. In addition, the Discover it card has no annual fees, overlimit fees, or foreign transaction fees. Cardholders earn 5% cash back on up to $1500 spent in rotating categories (currently Home Improvement Stores, Furniture Stores, and Bed, Bath, & Beyond) and 1% cash back on all other purchases. There is also a 0% intro APR on purchases and balance transfers for 14 months.
The Citi Simplicity card is another card that offers great protection. With this card, users also enjoy a $0 Liability Guarantee on Unauthorized Charges. Furthermore, Citi offers a Citi Identity Theft Solutions program. With this program, Citi will assist users with identifying compromised accounts, filing police reports, and taking steps to get their good name and credit back. In addition to their excellent fraud protection, there are no late fees, penalty rates, or annual fees ever, and users enjoy a 0% intro APR on balance transfers and purchases for 18 months.
The Citi Dividend Platinum Select Visa Card rounds off Creditnet’s list of the best credit cards offering fraud protection. With this card, there is $0 Fraud Liability on Unauthorized Charges and cardholders have access to Citi Identity Theft Solutions. Apart from their excellent identity theft protection, users have access to cash back rewards. They can earn 5% cash back every quarter in must have categories (currently purchases at the Home Depot, home furnishing, and home and garden stores) and 1% cash back on all other purchases. Cardholders can even earn $100 cash back after making $500 in purchases within the first 3 months of account opening. There is no annual fee and a 0% intro APR on purchases and balance transfers for 12 months.
These credit cards can save consumers from dealing with the hassle of falling victim to identity theft. For more information regarding identity theft and prevention, access Creditnet: http://www.creditnet.com/Identity_Theft.
Creditnet is an authority credit card comparison site that offers innovative comparison tools to help users find the best credit card for their needs. In addition, the Creditnet Credit Talk Forum is a community of over 100,000 members that discuss credit cards, credit, debt, and credit repair daily.