Credit Card | Top 7 Tips To Avoid Credit Card Fraud

Tips To Avoid Credit Card Fraud: Your credit card gives you access to a world of possibilities. This can not only help you in paying, but it can also help you in improving your credit score. If you pay on time and use your card wisely, you can improve your credit score. 

However, if the card is mistreated due to carelessness or scam, your credit records and score can be seriously harmed. Hence, it is essential that you bypass being a victim of a credit card scam. But, first I want to inform you that if you want to generate a virtual credit card online then you can generate it from the BIN code checker.

The Top 7 Tips To Avoid Credit Card Fraud Are:

1. Do not disclose your credit card information

You should never reveal your card number, safety code, expiry date and other features of your card to anyone. These features can be used to conduct dishonest transactions and therefore you require to assure that no one has access to them.

Even if you get calls from people claiming to work for your bank, do not reveal your card information to them.

2. Protect your card

It is very important that you keep your card safe and out of reach of other people. Place your cards close to your body in a bag or wallet so that it is not easily snatched away.

If you use a purse, make sure it is zipped properly so that the card does not fall from your purse. Also, instead of carrying all your debit and credit cards with you at all times carry only those you need.

3. Be careful when managing your card online

When you use your card to shop online, be careful and make sure that you use it only on websites that are legitimate and SSL for online payment Encryption provide security.

If the site does not provide adequate security, your card information may be stolen and may be used for identity theft or fraudulent transactions with your card.

4. Keep an eye on your account

Choose the option of mobile and email alerts to keep track of your credit card account at all times. In case of any unauthorized use of your card, you can immediately report it to the bank.

You can access your account online through electronic banking and ensure that you are aware of all transactions made with your card.

Rd is lost or stolen, call the card-issuing bank immediately and inform them of the same. Your bank’s customer support representative will then guide you to get the card blocked so that any unauthorized use of your card can be avoided.

The representative will also inform you of the steps that you need to follow to get a new card.

In addition to the above, you should also ensure that supplementary cardholders use their cards wisely and are aware of the procedures they need to follow to protect your account against fraud.

5. Protect your PIN

When you swipe your card on the merchant card to make a payment, you must provide a 4 or 6 digit personal identification number (PIN) to authorize the transaction.

Make sure you do not share your PIN with anyone or write it on any piece of paper as it can be theft and misuse.

6. Share your statement and other documents

Keep your credit card statements and all other documents with you, which have information about your card. Your account information can be obtained online and all other details will be available on your card.

Even if you forget your password, user ID or PIN, you can reset them by contacting your bank’s customer support team. Therefore, it is important that you cut out all possible documents that contain your card information.

7. If your card is lost or stolen, inform the bank

If your card is lost or stolen, call the card-issuing bank immediately and inform them of the same. Your bank’s customer support representative will then guide you to block the card so that any unauthorized use of your card can be avoided. The representative will also inform you about the steps required to obtain a new card.

In addition to the above, you should also ensure that supplementary cardholders use their cards wisely and are aware of the procedures they need to follow to protect your account against fraud.