What is CardValet?
CardValet is an app for your iPhone or Android phone that allows you to turn your debit card "on" or "off." This can be particularly useful for times when you might have lost your card, or suspect it was stolen. By turning it "off," you ensure that no transactions can occur. It also offers other controls and settings that help you limit the geographic area where the card can be used, the type of merchant and the dollar amount. Any limit can be changed instantly using the CardValet app.
What makes CardValet valuable?
CardValet is easy to use and one of the most powerful tools you can have to protect against fraudulent use of a lost, stolen or compromised debit card. It can also be useful for controlling the way dependents can use a debit card you give them. In addition to the ability to turn your cards "on" or "off" for all transactions, you can also:
- Limit the card to a geographic area
- Limit the type of merchant where the card can be used
- Limit the dollar amount for any transaction
- Receive alerts when anyone attempts to use the card outside your limits
You can download CardValet at the Apple and Android app store.