Top security risks

POS Skimming
One of the main credit card security risks is the possibility of POS (point of sales) skimming. This is when your card is swiped or inserted into a payment terminal or POS that then ‘skims’ or copies all your information– even the data on your chip. While this can happen accidentally, especially with out-of-date systems, some criminals will use this to steal your information and make fraudulent charges.

Data breaches
Security risk can also boil down to your financial provider. Another way your information can be accessed is through a data breach on a bank’s end. Once their system has been hacked, thieves will gain access to your personal information and card details. This is brought on by a lack of security measures on their end and is highly preventable.

Human error
Lastly, security risks can also come from human error. If you leave your card unattended or end up sharing its information online, there is a chance that someone will use your data to make unauthorized purchases. While it is a retailer’s job to ensure that the buyer and card owner is the same person, security measures aren’t as strict– leaving you vulnerable.

Fraudulent card transactions can affect you in many ways. It can greatly impact your credit score, making it difficult to secure loans with low-interest rates. With women already having a lower average credit limit in comparison to men, as reported by the Federal Reserve Bank of Philadelphia, this just adds more issues and leaves you with lesser financial security. It is important for you to take the right steps in making yourself less susceptible to these security risks.

How to avoid them

Choose trusted providers
Getting a card from a trusted provider ensures that the institution you’re partnering with is taking precautions in keeping all of their client’s information safe. The Chase Sapphire Card for example is a great option for financially conscious women since the institution doesn’t only ensure security but also rewards frequent users through points. Getting a card from a trusted provider is one of the best ways to ensure your safety as a credit card user.

Keep security details confidential
You should make it a habit to never divulge your card’s details. Your card number, name, and expiry date are some of the things you should keep secret. Most importantly, you should also keep your card verification value (CVV) confidential. AskMoney.com details that your CVV is the number used to verify that it is you making the transaction when a physical card can’t be presented. A common example of this is an online payment. Keeping this extra layer of protection confidential will help prevent you from exposing your security details and enabling others to use your information without your knowledge.

Only shop from established retailers
Since retailers also have a hand in unknowingly or willingly abetting credit card fraud from happening, it is important that you only shop at establishments you know are safe. Big online platforms like Amazon make it a point to guarantee user safety. If you are unsure whether or not a store is reliable, try checking reviews from other people. If there have been previous complaints about credit card information becoming public, you should avoid them altogether. While this may seem like a small precaution, any form of safety is better than none.

Some of the links below are affiliate links. This means that I may receive compensation if you click on a product link. Affiliate links helps to generate revenue for the blog and support the work of Wealthy Women Daily. This compensation comes at no additional cost to you, and I only promote products that I trust.

The Power of Credit Cards

Are credit cards good or bad? It depends on who you ask. If you’re in credit card debt and paying hundreds of dollars in interest every month, you probably aren’t too fond of the plastic. But if you make money from credit cards every month and use the rewards to travel for free, you’re probably in love.

Credit cards are powerful. You just have to understand how to use credit cards to your advantage.

Get your money + investing tips to help you invest in your dream life by joining us at Wealthy Women Weekly.

Capital One SavorOne Rewards Card

Check out the benefits and apply here.

If you love food like I do, you’ll get rewarded with the Capital One SavorOne Cash Rewards Card. What I really love is that you get unlimited cash back on every purchase.

I’ve actually thought about purchasing property with my card since I didn’t have to pay interest for 15 months and could build the capital to pay the credit card off.

Capital One SavorOne is also giving a sign-up bonus. I love the sign-up bonuses you receive from credit cards. In 2019, this was an extra source of income for me. This is how you start earning money from credit card companies instead of you paying them tons of interest every month.

Find out how I received an 800+ credit score by getting new credit cards!

Here is why I love my Capital One SavorOne rewards card:

• New cardmembers earn a one-time $150 cash bonus once you spend $500 on purchases within the first 3 months from account opening
• 0% intro APR for 15 months
• No Annual Free
• Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
• Rewards points can be used to get gift cards, cover your purchases, or get cash.

This credit card is for customers with excellent credit.

Before getting a credit card, check your credit report and credit score. You can get free credit reports at AnnualCreditReport.com.

Credit Card Review

I’ve had the card for almost a year and I have no complaints at this time. This has been my most used card of 2020. Every time I make a purchase, I get rewards points that I can redeem for cash. I can also shop with my rewards, get gift cards, transfer funds to another account, or use my rewards to cover recent purchases. It’s amazing! I’m still within my 15-month period so I don’t even know what interest looks like. But because I am committed to maintaining a good credit score, I try to always pay my bill in full every month.

Get More Free Money!

I love the idea of making money from credit card companies instead of them making money from me. Wouldn’t you want to do that, too? I remember being in credit card debt and having to pay hundreds of dollars in interest every month. I do NOT want to experience that lifestyle again so I do whatever it takes to make credit cards work for me.

If you’re looking for more cards that come with sign-up bonuses, check out the Chase Sapphire Preferred card. Here’s my review of the card.

So what are you going to do with your money? You want to reinvest a portion of your money you receive into assets that will help you grow your net worth even more. One asset that everyone needs is financial education. The more you know, the more your net worth can grow.

First, if you want to learn how to earn an extra source of income from credit cards companies by investing in the stock market, you should check out Dividends Are a Queen’s Best Friend available on Amazon! It’s fun, female-friendly and will show you how investing works in simplest terms. Get your wine ready for some girl talk you’ll never forget.

Next, join The Dividend InvestHER and The Wealthy Woman InvestHER to get more investing ideas that will help you build your portfolio. Every month you’ll get stocks you can add to your watch list and the latest tips to grow your money. You’ll have everything you need to get a return on your investment! So, there’s no risk involved. You’ll gain a lot of information while growing your net worth. It’s a win-win situation.

Finally, start preparing for the life you seek by getting information that will give you rewards to fund your lifestyle!

Get your money + investing tips to help you invest in your dream life by joining us at Wealthy Women Weekly.

This is a must-have card in my purse every time I travel. When I’m not traveling, I use the Chase Sapphire Preferred card to cover some of my purchases so I can earn more points.

If you’re looking for your next travel card, apply here for the Chase Sapphire Preferred card so that Chase can know that I referred you.

Some of the links in this article are affiliate links. This means that I may receive compensation if you click on a product link. Affiliate links helps to generate revenue for the blog and support the work of Wealthy Women Daily. This compensation comes at no additional cost to you, and I only promote products that I trust.

Chase Sapphire Preferred Makes Travel Easy

Have you every traveled outside of the country? If so, you understand the pain of foreign transaction fees. It’s expensive and can really add up.

Before you travel, you want to make sure you have a credit card that allows you to pay NO foreign transaction fees. If you don’t, you will have to pay an additional fee for EVERY purchase you make outside of the country. That’s a headache.

That’s where the Chase Sapphire Preferred card comes in handy. NO FOREIGN TRANSACTION FEES. Now you can kiss some of your travel fees goodbye!

I traveled to 7 countries in 2019 so I saved hundreds of dollars by not having to pay foreign transaction fees. That money that was saved can now be used to invest!

You also get travel and purchase protection benefits like Trip Cancellation and Trip Interruption Insurance. Apply here to see how those benefits work.

Let’s not forget about the 1:1 point transfer to top airline and hotel loyalty programs. The points just keep on growing!

$750 Travel Rewards for New Sapphire Cardmembers – 60,000 Bonus Points!

I love the sign-up bonuses you receive from credit cards. In 2019, this was an extra source of income for me. This is how you start earning money from credit card companies instead of you paying them tons of interest every month.

Find out how I received an 800+ credit score by getting new credit cards!

In order for you to see the true benefit of this, I want you to calculate how much you spend every month? Do you spend around $1350 every month? Do you have any big purchases coming up? Why not get rewarded for your spending?

After you spend $4,000 on purchases in the first 3 months from account opening, you will earn 60,000 bonus points! Those points can also give you access to $750 toward travel when you redeem through Chase Ultimate Rewards^®.

This product is available to you if you do not have any Sapphire^® card and have not received a new cardmember bonus for any Sapphire card in the past 48 months.

New Perks! Earn 5X total points on Lyft Rides

If you’re traveling, Lyft will probably be your best friend. If you don’t have a car where you live, Lyft is probably already your best friend.

Chase just added another bonus to the Chase Sapphire Rewards. Now you can earn 5X total points on Lyft rides through March 2022! Wowzers!! This is a great way to rack up points to get free travel.

Chase Sapphire Preferred Annual Fee

There is an annual $95 credit card fee when you own the Chase Sapphire Preferred Card.

Is it worth it?

I don’t like paying fees but when the benefits outweigh the costs, it makes sense. If you have travel plans, this card is worth the investment. I avoided additional fees and received hundreds of dollars in rewards points over the year.

Use my referral link here to apply for a Chase Sapphire Preferred Credit Card. You’ll qualify for bonus points and have what you need to increase your net worth, live your best life when you travel, and collect rewards points to purchase your favorite items while you’re at home.

Get More Free Money!

It’s amazing when you can get money for the things you do every day. With the Chase Sapphire Preferred card, you can redeem your points for cash!

What are you going to do with your money? You want to reinvest a portion of your money you receive into assets that will help you grow your net worth even more. One asset that everyone needs is financial education. The more you know, the more your net worth can grow.

Join The Dividend InvestHER and The Wealthy Woman InvestHER to get more investing ideas that will help you build your portfolio. Every month you’ll get stocks you can add to your watch list and the latest tips to grow your money. You’ll have everything you need to get a return on your investment! So, there’s no risk involved. You’ll gain a lot of information while growing your net worth. It’s a win-win situation.

Start preparing for the life you seek by getting information that will give you rewards to fund your lifestyle!