How to protect your debit and credit cards?

By Ambari Datta Gupta
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    How to protect your debit and credit cards?
    We have seen the popular ad in the television where a couple goes out for shopping and at the billing counter they see their expenses exceeded the cash they are carrying. Suddenly, a credit card from a popular public sector bank comes running at their rescue and asks them to use cards instead of paying with cash.

    This is the generation we are living in where the hassles of payment by cash has been made easy by debit and credit cards.

    Nowadays, we don't have to carry cash when we go out for shopping but instead carry card. However, there are some risks associated with that. The prime being protecting the cards from the fraudsters.

    Card Protection Plan

    Card Protection Plan is a plan that protects your card 24 hours against card loss, theft and related fraud. Most of the banks as well as card issuers have launched this plan. CPP Assistance Services Pvt. Ltd. (CPP) offers the plan.

    The plan protects all the cards in your wallet be it your debit cards, credit cards or ATM cards. So if you unfortunately loose your wallet then you don't have to call the individual banks one by one and block them. Instead you just call the emergency help desk and ask them to block all your cards at once.

    It may happen that once your wallet is stolen you don't have any money to travel back to your destination. In such cases, the card protection plan provides emergency travel, hotel and cash assistance saving you from all the harassment. So, you are getting protection for your cards as well as assurance to make your life smooth even after you loose your wallet.

    Additionally, it also provides a complimentary insurance cover against any fraudulent spends due to loss/ theft, counterfeiting, skimming, phishing, online frauds on the lost cards that has occurred 15 days before you noticed it.

    The charges for benefits and premium differs with banks. You can choose from classic, premium and platinum plans depending on your need.

    Read more on correct way to cancel your credit card here.


    ATM, debit and credit cards have made our life so smooth and the card protection plan has made it smoother. It is better to go through the details regarding the membership fee, premium and all other terms and conditions before you buy any plan.

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