Credit Card's Offer to Protect Against Identity Theft

Q. One of my credit card companies has offered me "protection against identity theft"...will monitor all my cards, etc. Cost is $9.99/month. Is this a waste of my money?

A. In my opinion it is a waste of money. All that they would do is notify you if there is any unusual activity...that won't do anything to prevent it. Additionally, you can check you credit report for free once each year.

The best way to prevent identity theft is to shred any papers that contain sensitive information such as birth dates, social security numbers, etc.

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