Quote:
Originally Posted by JackofAllDealz
Credit card monitoring isn't worth it in my opinion. If anyone fraudulently uses your charge card the credit card company will usually just refund the money to the card when you contest it. If they don't do this, then get a new credit card.
I've had my credit card cloned and stolen before and it wasn't a big deal. I would worry more about people stealing my mail and other more sensitive financial documents.
I would recommend checking your credit report for free from the 3 major agencies at annualcreditreport.com You should stagger your 3 free checks throughout the year to make sure nothing fishy is going on.
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The purpose of credit monitoring is not so much to deal with a stolen credit card. As you have mentioned, that is relatively easy to deal with your CC company (though still very aggravating). Credit monitoring is more to deal with identity theft which results in folks setting up new lines of credit without your knowledge.
While staggering your 3 free checks throughout the year will be better than nothing, it doesn't do as much for you as continuous credit monitoring will. For one thing, not all credit checks are reported to all 3 credit bureaus. If someone steals your identity and sets up a new line of credit (using another address than your own), it may not come to your attention for months.