DDid you know that one of the best tools against credit card fraud is right in your pocket? With a few simple steps, credit card users can activate mobile alerts from their favorite credit card mobile app. Most of the major credit card providers and banks offer mobile apps for Android and iPhone mobile devices. These apps can make monitoring credit card spending, tracking payments, and protecting accounts from identity theft much faster and more convenient.
Typically, mobile alerts sent as push notifications appear on a lock screen, home screen, or other app screen. These mobile alerts can usually be turned on or off through the app or phone settings panels. If this option is disabled, a credit card holder can receive an important message from their provider by text, email or phone call. Enabling mobile alerts is a much more effective way to detect potential fraud and monitor purchases. Not only do mobile credit card apps offer real-time purchase notifications, they also often offer effective fraud prevention essential for taking early action against potential identity theft.
Purchase alerts, a form of notification offered by these apps, are useful for tracking charges to an associated credit card. Some apps offer personalized purchase notifications. For example, if an alert that appears for every small purchase is just too large, a user can set up a purchase alert only for charges greater than $ 1,000.
Another practical use of purchase alerts is to keep track of an authorized user. With a purchase alert, you can keep tabs on your children’s expenses in real time.
Fraud alerts are particularly useful in stopping fraudulent charges in their tracks. Usually, a user will receive a notification of a suspicious charge as soon as it is done. Quick user action is recommended here: If a charge is confirmed to be fraudulent, the credit card company or bank will report the fraud and usually reverse the charge. When applying for cards, keep an eye out for “$ 0 fraud liability” or similar features that ensure cardholders are not liable for fraud.
How to set up purchase and fraud alerts
Configuring alerts should be simple and straightforward on any mobile application. Users can find the notification settings in the app settings or in the user’s profile. Below are instructions for setting up purchase and fraud alerts for the three most popular mobile credit card apps.
Make sure the phone allows notifications from the banking app you want. To check, go to the phone settings and find the specific banking app to enable push notifications. Checking for updates for push notifications drains battery power on most phones more often than not, so beware of the possible additional impact on battery power when changing these settings.
American Express mobile app
- Tap “Account” in the lower right corner of the screen
- Tap on “Notifications”
- Activate “Purchase alerts” and activate “Account protection” to receive alerts
Bank of America mobile app
- Tap “Menu” in the lower right corner of the screen
- Tap on “Alerts”
- Select an account to edit alerts
- Choose preferred delivery methods and select one or all alerts to activate
Chase mobile app
- Enter the profile by tapping on the profile icon in the upper right corner of the screen
- Under “Alerts”, press “Manage alerts”
- Select an account to edit alerts
- Press “Balance and expenses” to configure push notifications for purchase alert
- Or tap “Security Alerts” to configure fraud alert push notifications
Why fraud alerts are a good idea
Fraud Alerts help people act quickly to identify incidentals and remedy cases of credit card information theft. This is especially useful for those who do not regularly check credit card statements. Sometimes an alert will be sent for a purchase made by the cardholder, such as a large purchase of several thousand dollars or international charges made while traveling. In this case, a fraud alert can be easily confirmed to the bank or the credit card provider as it was made or not by the card holder.
Sometimes card information ripped from the card without the cardholder’s knowledge or a stolen or lost card gets it into the wrong hands. In these cases, fraud alerts are essential in detecting the illegal use of a credit card. Once a user confirms that a debit is fraudulent, the bank or card provider reports the debit as fraudulent and cancels the funds. If the card is lost or stolen, the bank or card provider will usually issue a new card. Many mobile credit card apps also allow the user to activate the card freeze if the cardholder believes that recovering a lost card is possible. However, it is generally safer to issue a new card once it has been compromised.
Downloading the mobile app and setting up mobile alerts for every credit card someone has is a good idea. Real-time mobile alerts can save cardholders time, money and effort to protect security and prevent fraud.
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