The best way to investigate fraudulent transactions on your credit card is to <u>review your recent credit card statement.</u>
<h2>Further Explanation</h2>
Credit card
An electronic card issued by a financial company that allow the user to pay services, purchase goods or make a cash advance against a credit limit.
Fraudulent transactions on credit card
A form of theft, fraud or scam that occurs with a credit card holder to which the thief performs unauthorized withdrawal of funds or unauthorized purchase of goods from the credit card account without paying.
Credit card statement
Every credit card holder receives a credit card statement from the bank that issued their credit card on a monthly basis depending on their billing cycle. A credit card statement is a document containing information such as:
- Account information
- Account summary
- Payment information
- Transactions
- Fees and interest charges
<em>For the purpose of answering the question, emphasis is given to the 'transaction' section of a credit card.</em>
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Transactions is the part of a credit card that provide list of all transactions that have occurred from the last statement. This transactions are commonly in the form of purchase, payment, credit, balance transfer and cash advance.
A person may be a victim of fraud when upon reviewing the transaction part of his/her credit card he or she may notice an unusual transaction that are oddly different when compared to his or her past credit card statements.
Credit card statements provide the credit holder and the bank a transaction history from the time the credit card was activated up to the present. It also reflects how the card holder use up his or her credit limit on a historical basis.
Learn more:
- Credit score brainly.com/question/6782062
- Credit card balance brainly.com/question/2628071
- Certificate of Deposit brainly.com/question/2989392
Keywords: credit card, fraud, credit card statement
