Try to memorize your PIN rather than writing it down.Never share your PIN with another person, not even a family member or partner.Make sure you do the following to keep your PIN secret: For example, avoid using your birthday, Social Insurance Number, address or telephone number as your PIN. Keep your PIN a secret.Ĭhoose a PIN that is difficult to guess. Credit cards with computer chips still have magnetic stripes This is so you may use them in countries that don't have chip-reading technology. The computer chip works with your PIN to make sure you give permission for each transaction This helps protect you against fraud if someone steals your card. In Canada, all federally regulated financial institutions must decline any magnetic stripe transactions.Īll newly issued Canadian credit cards have a computer chip that makes transactions more secure. Prevent credit card fraud by protecting your credit card and your personal information. Asking you to use your credit card on an illegitimate website to make a "purchase".Phishing, that is, sending you an email that looks like it comes from a real business asking for credit card information.Installing small devices on payment terminals that record your credit card information.Hacking into the computers of companies and stealing credit card information.Swiping your credit card through a device that copies the information stored on the magnetic stripe of your card.Going through your garbage or mailbox to find credit card statements or other banking information. ![]()
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