Posts belonging to Category American Express



How to find your credit card’s security code

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Make any purchase these days where your credit card isn't physically swiped and you're sure to be asked for the security code that goes with your credit card. This small block of numbers, ranging from 3-4 digits, add security to your card and help prevent fraudulent use. On most cards the security code is located on the back, to the right of the signature block, but since it can move around here's an easy way to find the security code on any credit card.

Another important thing to remember is that while websites and order forms will call your credit card's security code one of the following 5 abbreviations; CSC, CVV, CV2, CVC or CCV, they are all looking for the same thing. Here's how to find the security code on any credit card in a matter of seconds.

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The next credit card battleground: rewards cards

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Loyal reward card users should tread carefully. Make one misstep, such as a late payment or exceeding the credit limit, and you could lose your ability to redeem points. Even worse, if the credit card issuer decides to close your account for any number of reasons, you could end up losing all of your hard-earned points.

The Credit CARD Act reined in many of the all-too-common (and exploitative) practices employed by credit card companies, but rewards still remain one area that is loosely regulated. Card companies still have plenty of flexibility with the way in which they structure their rewards programs -- and many are using that flexibility to wipe out point balances for cardholders who don't follow the rules. The problem is that those rules are often buried in the fine print of a credit card agreement.

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