Advertisement
credit & debt

Top Credit Cards for Fraud Protection

As data breaches mount up, you may want to choose a card whose issuer provides you with tools to counter fraud and will back you up if your information is stolen.

Javelin Strategy & Research recently ranked 20 leading credit card issuers based on the security measures they offer in three areas: prevention, detection and resolution. Among the prevention features were mobile and online authentication (the use of your voice or fingerprints to verify your identity) and controls that allow you to cap a transaction amount.

In the detection category, issuers were scored on features that allow customers to spot fraud—including alerts for unusually large purchases or password resets—as well as how those notifications are sent. And among the resolution criteria, Javelin favored issuers who help customers restore their accounts, including charge reversal and next-day card replacement.

Advertisement - Article continues below

USAA took the number-one spot for detection, tied with PNC for first place in the resolution category and came in second for prevention. Bank of America had a first-place finish for prevention; it was also among the top three in the other two categories. American Express, Capital One, Chase, Citibank, SunTrust and Wells Fargo all appeared among the top five in some categories.

One handy tool lets you switch off your card if it is lost or if your card number has been compromised. USAA offers the capability to both its credit and debit card users. Discover credit card customers have access to the feature, as do Capital One credit card holders who use the bank’s wallet app. Financial institutions that issue Visa cards can add the capability through Visa’s Consumer Transaction Controls service.

Advertisement
Advertisement

Most Popular

7 Surprisingly Valuable Assets for a Happy Retirement
happy retirement

7 Surprisingly Valuable Assets for a Happy Retirement

If you want a long and fulfilling retirement, you need more than money. Here are the most valuable retirement assets to have (besides money), and how …
August 3, 2020
Shrink Your RMDs in 2021 and Beyond
annuities

Shrink Your RMDs in 2021 and Beyond

QLACs are a special type of annuity that lets you cut RMDs from your IRAs next year and beyond, reduce the taxes you pay and guarantee more lifetime …
August 6, 2020
How a Second Stimulus Check Could Differ from Your First One
Tax Breaks

How a Second Stimulus Check Could Differ from Your First One

The HEROES Act, which was passed by the House in May, would authorize a second round of stimulus checks. While the new payments would be similar to th…
July 22, 2020

Recommended

6 Money-Smart Ways to Spend Your Stimulus Check
Tax Breaks

6 Money-Smart Ways to Spend Your Stimulus Check

If you don't have to use your stimulus check for basic necessities, consider putting the money to work for you. You'll thank yourself later.
July 30, 2020
8 Money-Smart Ways to Spend Your Tax Refund
Tax Breaks

8 Money-Smart Ways to Spend Your Tax Refund

Since this year's tax deadline was pushed back to July 15, many people just recently filed their tax return. That means there are a lot of tax refunds…
July 17, 2020
Know Why Your Credit Score Changes: 9 Money Moves to Consider
credit & debt

Know Why Your Credit Score Changes: 9 Money Moves to Consider

Your credit score is a key indicator of your financial well-being and of the risk you pose to lenders. How good is yours?
July 10, 2020
52 Super Deals and Discounts for 2020
spending

52 Super Deals and Discounts for 2020

With a special nod to those of you spending more time at home, we found dozens of deals and discounts, plus ways to save (or make) money.
June 6, 2020