by 
The Curious Bag
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<h4 class="dechead">On One Hand: Credit Cards Are Generally Safe.
Credit card fraud is wide spread, so many financial institutions have implemented additional security measures, such as calling the owner of the credit card if too many charges occur in one day. In addition, financial institutions put automatic stops on credit card purchases after a certain purchase value is reached. Financial institutions are quick to work with consumers if credit cards are lost or stolen.
On the Other: Credit Card Scams Make Credit Cards Unsafe.
Credit card scammers may intercept mail intended for a consumer and will open credit card accounts without the consumer's knowledge. Credit card information is relatively easy to gather either by stealing it from credit card companies or phishing for information directly from the consumer over the Internet.
Bottom Line
Credit cards are an efficient way to do business in retail stores and over the Internet, however, there are risks involved. Checking your credit score once a year, as well as applying spending limits on your credit cards will mediate the risk of credit card fraud.
Source:
CreditShout.Com: Keeping Credit Card Information Safe
MakeUseOf.Com: Online Credit Card Safety
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