Safeguarding Your Financial Information and Identity
Don’t Show Your ID
Have you ever tried to use a credit card in person and been asked to show your ID? While that sounds like a great idea, helping to ensure someone else does not use your credit card, you could be opening yourself up to potential identity theft. Showing an ID gives another person access to things like your address, your birth date, or other sensitive information. You really aren’t any safer, since credit card companies limit your liability to unauthorized use to around $50, whether or not ID was shown. Someone who steals your card could simply use a self-checkout system, avoiding any interaction with a clerk or salesperson that might ask for ID.
In short, you don’t receive additional protection by showing your ID; in fact, you open yourself up to the risk of identity theft.