Do credit card protection systems really work?

CPT Jack Durish — Mon, 29 Aug 2016 13:01:48 -0400

I've been spending a couple hundred dollars per year for credit protection. I've received periodic reports saying that everything is okay. Whenever I apply for a new card, I receive a call checking to make sure that it's actually me using my own identity. Other than that, I'm not sure I'm getting my money's worth. What do you think?

Response by LTC John Shaw made Aug 29 at 2016 1:12 PM

LTC John Shaw — Mon, 29 Aug 2016 13:12:52 -0400

It is frustrating to pay for a monitor service for a file someone else who sells it usually with out my knowledge. I don't think we get our money's worth but I don't believe there is another way.
I would like to be able to hold the organization responsible for delivering my information to whom ever pays them.

Response by MSG Private RallyPoint Member made Aug 29 at 2016 1:26 PM

MSG Private RallyPoint Member — Mon, 29 Aug 2016 13:26:08 -0400

There are times when I pay in cash, people look at me strange like they don't know how to handle that transaction and think real hard when trying to figure out my change......even though it's on the register screen.

Response by SSG Stephan Pendarvis made Aug 29 at 2016 3:07 PM

SSG Stephan Pendarvis — Mon, 29 Aug 2016 15:07:21 -0400

Stick em up! lol

Response by LTC Private RallyPoint Member made Aug 29 at 2016 4:46 PM

LTC Private RallyPoint Member — Mon, 29 Aug 2016 16:46:25 -0400

If you've ever had your identity borrowed/stolen it's worth the time and money. It sucks to have to work all that stuff out. I'm not sure it sucks that much, but it's sort of the price we pay for living in a debit card and electronic society.

Response by SGM Private RallyPoint Member made Aug 31 at 2016 1:02 AM

SGM Private RallyPoint Member — Wed, 31 Aug 2016 01:02:48 -0400

I recently did some investigating when my records were exposed as part of the OPM data breach as well as the Anthem data breach. Both offered me a year or two of free credit monitoring by signing up with a couple of different credit monitoring services. I found the experts pretty divided, with many holding the view of NOT signing up for the services even when they were offered for free. Here are four links with some good discussions and explorations of the different views, along with some good links and methods for monitoring your own credit health. Not that it's worth much, but I decided not to use a credit monitoring service and to continue to be my own monitoring service.
https://www.consumer.ftc.gov/articles/0235-identity-theft-protection-services
https://www.privacyrights.org/identity-theft-monitoring-services
http://krebsonsecurity.com/2014/03/are-credit-monitoring-services-worth-it/
http://www.creditcards.com/credit-card-news/pros-cons-credit-monitoring-services-1282.php

Identity Theft Protection Services | Consumer Information

If you’re concerned about data breaches or identity theft, you may be considering signing up for identity theft protection services. Before you enroll, it’s important to weigh the costs and benefits of various types of services. You also can compare them with free and low-cost services. The government’s IdentityTheft.gov website provides free personal recovery plans and step-by-step guidance to help identity theft victims recover.

Response by 1LT Private RallyPoint Member made Sep 1 at 2016 11:42 AM

1LT Private RallyPoint Member — Thu, 01 Sep 2016 11:42:02 -0400

Check http://www.idshield.com
Compare to your current.

IDShield

You have unlimited access to a Kroll licensed private investigatorregarding how you can protect yourself or review anything on your account. Plus, you have 24/7 access to your account in our free mobile app.

Response by MAJ Ken Landgren made Oct 25 at 2021 5:37 PM

MAJ Ken Landgren — Mon, 25 Oct 2021 17:37:40 -0400

I like the USAA credit card. When there is a discrepancy USSA told me to write a memo for them and reimbursed me for all the illegal charges.

Response by SPC John Donohue made Jul 13 at 2022 4:52 PM

SPC John Donohue — Wed, 13 Jul 2022 16:52:21 -0400

There are better solutions IMO including credit card proxies so your number isn't exposed like Google pay. Lock your credit file so it cant be accessed without your permission so no unauthorized cards are ever issued. You can also load app from the providers on. your cell phone so you can check the files on demand