If you are one of the shoppers who depends on credit card for shopping or to shop online using your credit card, then you are prone to credit card fraud.
Credit card can be used physically at shopping malls and it can be used to make payment of things purchased online.
Here are few tips to save you from credit card frauds:
Tip 1. Keep your card safely
The most important thing is to place your card safely. Once you make a purchase ensure that you have placed the credit card carefully in your pocket. It may so happen that you may forget to collect or leave it at the counter.
Tip 2. Avoid sharing your card information
Avoid sharing your card details with your colleagues or friends. Don't respond to calls which ask you to reveal your card details. Note: No bank will ask your pin in any case.
Card thieves may disguise as issuers and take information and other details from you.
Tip 3. Careful while using internet
Precautions and safety measures should be taken while using internet. Ensure that you check the web address, the page should start with ‘https' and not ‘http'.
Avoid clicking random links which ask for your credit card details. Shop only at the sites you trust. Ensure more safety while shopping at new sites.
Make use of virtual cards instead of credit card. The virtual credit card enables you to transact online with your 16-digit credit number.
Know more about safety of credit cards and OTP-Safe banking
Tip 4. Report loss immediately
Report loss of card immediately and block your card at the earliest. Or you will end up for paying for which you have not shopped. Note down your bank/credit service number.
Click here to know How to get out of credit card debt
Tip 5. Take precautions, be alert
Memorize your last three-digit CVV number and darken it on the card. So that the fraudester will not have details to this sensitive information.
Points to remember:
* Lock your mobile with passwords
* Avoid using many credit cards
* Set limit for your credit card
* Audit your bill- keep track of your purchases and charges
* Keep yourself updated on phishing scams