It may seem second nature to give your credit card number over the phone.
But whether it's because you are making a purchase or just simply verifying card information for the person on the other line, it's worth taking some precautions beforehand.
Below, CNBC Select reviews the four tips you should consider when providing your credit card number over the phone.
There's a reason why businesses often add on a convenience fee to your purchase when you make it over the phone. For them, there's higher risk that the consumer on the other end is a fraudster using a stolen credit card, and it's harder to verify your identity when you are face-to-face at the cashier checkout.
But as the consumer, you should have ways to protect yourself as well. Here are some things to consider before and after you give your credit card number over the phone.
The first step you should take when you see an unfamiliar charge on your credit card account is to immediately call your card issuer so you aren't responsible for it. Credit card transactions that you make over the phone have the same protection as those you make online or in person at a store. The law limits cardholders' liability to $50 under the Fair Credit Billing Act (FCBA) for any unauthorized transactions on your account so you will want to make sure you report them.
Cardholders of the Alliant Cashback Visa® Signature Credit Card, rated our best cash-back credit card, receive Visa's $0 fraud liability guarantee. Likewise, the Blue Cash Preferred® Card from American Express, rated our best grocery rewards credit card, offers fraud protection on top of zero liability.
Many of the best credit cards offer security in times of unusually high concern like the current coronavirus pandemic. And currently the three main credit bureaus — Experian, Equifax and TransUnion — are offering free weekly credit reports to American consumers. You can access yours at AnnualCreditReport.com through April 2021.
Information about the Alliant Cashback Visa® Signature Credit Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.