How To Securely Destroy Your Credit Card

Information verified correct on October 24th, 2016

5 Ways to Destroy Your Card Securely

Having a credit card can provide security and is generally much safer than carrying cash. What happens, however,  when you are finished with your card? There are ways to safely and securely destroy your card without compromising your identity in the process.

Identity theft is a worldwide problem. In Australia, it has been reported to have affected four and half million people. That figure is growing and comes at a current cost of $3.5 billion. Destroying credit card information is vitally important for the management and security of your identity. You can destroy your card securely by implementing the following steps.

1. Cut Your Card

It seems obvious to mostly everyone that you must cut up your card after it is no longer in use, However, it is where you are cutting your card that will make the difference. You must not only cut it in many different pieces, you need to cut through the signature and cut through your name in addition to cutting through all of the numbers. This will make it harder for thieves to put together.

2. Use a Shredder

To destroy your card securely, there are some heavier duty and commercial shredders that can take the hardness of a credit card and shred it. If you can find one this may be an easier option than cutting up the card on your own. Find a machine that has the cross-cutting option. This is the safest bet.

3. Destruct The Chips and Stripes

Most of the vital information on a credit card is located in the chip and on the magnetic stripe. Take the extra steps to completely destroy these parts of the card. You can run a strong magnet across the stripe and this will scramble the data that is contained on there. You can then remove the chip and either cut it up or smash it with a hammer.

4. Use Several Dustbins

Throwing away card pieces into the same dustbin is not a safe choice. “To destroy your credit card securely,” you should opt to put several different pieces in various dustbins throughout your home. This will ensure that the pieces will not be found together and will make it even hard to piece together your card information.

5. Don’t Be Green

Being green is good for the environment but when it comes to your credit card information, it’s not always good for you. If you throw out credit card information and statements in your recycling bin, you are making it awfully tempting for thieves to make away with all of your vital and confidential information. Shredding these documents is the safest option.

SecureIdentity from Secure Sentinel can help protect you from identity theft, by monitoring activity that could indicate that your identity is being compromised.

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Credit Cards Comparison

Rates last updated October 24th, 2016
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Virgin Australia Velocity Flyer Card - Balance Transfer Offer
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ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
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HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
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NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info

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