Swiping Credit Card Doubts Away

Cara is probably the only person in the whole office building who still doesn’t have a credit card.

She’s not one of those who abhor credit cards because of the exorbitant interest rates that it imposes on holders who are late in paying their balances, though. In fact, she admits that plastics can be very convenient when going around the mall or the grocery store.

The reason why she doesn’t want to decorate her wallet with one of these commerce wonders is that her brother nearly had a stroke when he learned that he has a $4,700 balance on his credit card.

Of course, Cara’s brother contested the amount. It was later found out that somebody was able to access the details of his credit card account. The credit card company did not notify him of the purchases since they were basically the same things that he usually buys using his card.

I assured Cara that what happened to his brother was the exception rather than the general rule. I explained to her that credit card companies usually have an elaborate security scheme or system that protects the account details of its clients. I also advised her to check out a book that guides people on how to secure their personal and financial information.

I conceded though, that there are card companies which have doubtful track records as far as securing the accounts of their client is concerned. I told her to check court records for suits that may have been filed against the card firms for failure to exercise the diligence required of them in securing the financial details of their customers.