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Q: Does the Chase fraud detector work when it comes to detecting credit card fraud and stolen identity?
A: When you consider that Chase Fraud Detector provides 24/7 monitoring of your credit standing with TransUnion, Equifax, and Experian—the major credit reporting companies, as well as daily monitoring of your credit information at the same three credit reporting companies, this can certainly help protect against fraud. Such constant attention to your credit information will help detect suspicious activity almost as soon as it occurs.
If you take advantage of Chase Fraud Detector and there is suspicious activity noted on your Chase credit card, you will be alerted each week. At this time, you can review the information and determine what has occurred.
If you find that you have been the victim of credit card fraud through the diligence of the Chase Fraud Detector, the company will provide you with recommendations on how you can go about working with the three credit reporting companies to ensure that your file has been amended and your credit rating restored to its former good standing.
So in answer to whether or not Chase Fraud Detector works, if you are able to address credit card fraud almost as soon as it happens, as well as take steps to correct your credit report, then yes. If you never have a need for it, which is a good thing when you think about it, then you won’t really know if it works or not. Consider this, though. If you are not having any trouble with suspicious activity, you can be thankful. Should this happen, if you have Credit Fraud Detector, you can still be thankful.