credit cards

The most vulnerable credit cards in your wallet

Credit Cards » The Most Vulnerable Credit Cards In Your Wallet

Does the issuer matter?
Does the issuer matter? © Stokkete/

Does the issuer matter?

Given their zero-liability policies, the cards in your wallet that are branded by the major networks -- Visa, MasterCard, American Express and Discover -- are likely to provide more protections than cards with smaller networks.

"Hackers go after big databases over smaller databases," Sileo says, so, yes, they're more likely to target a large financial institution over a small one. "But the opposite side of that is smaller-to-midsize banks have less security," he says.

While it can be hard to tap an issuer as the most vulnerable, Javelin Strategy & Research conducts a study evaluating the 24 largest issuers relating to fraud prevention, detection and resolution. In 2013, Bank of America was awarded best in class; USAA was awarded best in prevention; and Wells Fargo was awarded best in detection. Associated Bank and SunTrust tied for best in resolution.

"Bank of America consistently improves their fraud prevention and security capabilities in order to address the most current trends," says Al Pascual, senior analyst of fraud and security with Javelin Strategy & Research.

Two-way alerts, where a consumer is notified of suspicious activity and prompted for a confirmation, along with customer-defined controls pre-emptively setting transaction limits, are "immensely powerful and timely capabilities," Pascual says. So, if your bank offers these alerts or services, it's a good sign.


Show Bankrate's community sharing policy
Advertiser Disclosure
Advertiser Disclosure

The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products.

          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.77% --0.00 15.77%
Cash Back Cards 16.48% --0.00 16.48%
Low Interest Cards 10.96% --0.00 10.96%
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.


Credit Card Blog

Jeanine Skowronski

1 in 5 need credit card to survive

A new survey finds some cardholders are still overly reliant on the payment method.  ... Read more

Partner Center

Connect with us