Identity theft accounted for $16.8 billion in losses in 2017 spread across 16.7 million victims, according to Javelin Strategy and Research. Were you one of the unfortunate 16.7 million?
Victim or not, it's wise to consider freezing your credit to make it difficult for identity thieves to use your personal data – and now, you have several freezing methods available.
American Express recently joined several large financial institutions that allow you to temporarily freeze your credit and/or debit card for seven days with a simple click. With this variety of freeze, the card can't be used for most new purchases. It can still be used for recurring bills, transactions through digital wallets, and some online purchases where your information has already been stored.
The freeze function acts as an on/off switch that gives you time to find a lost/stolen ca...
from MoneyTips https://www.moneytips.com/credit-card-freezes-101
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