Credit Card The trend of online transactions has increased significantly in recent times. People are using credit cards extensively for everything from electricity bills to online shopping. Fraud cases have also started increasing. Keeping this in view, EMV chip in credit and debit cards has been made mandatory by RBI in 2015 and tokenization in 2022. In such a situation, it is very important for you to keep your credit card safe.
Use credit card on good websites
Credit cards should always be used only on good websites. Always use cardtokenization when transacting with it. This will help you keep your credit card data safe.
Do not share information online
One should never share credit card number, expiry date or CVV number with anyone online or through any messaging app. At the same time, do not share the credit card statement with anyone, because it contains all the details along with the card number.
Check Credit Card Transactions Online
The best way to avoid any kind of fraud is to regularly check your credit card transactions. The advantage of this will be that you will be able to report any unknown transaction easily.
Set credit card limits
Every banking app has the option to control credit card limits. Through this, you can easily change your credit card limits and can also turn off international payments. This will help you avoid the risk of fraud.
keep password updated
To avoid online fraud, the passwords of the apps in which you use credit cards should be changed from time to time. This reduces the risk of your data being leaked.
Keep your credit card in a safe place
All your credit cards should be kept at a place where no one other than you can touch them. Apart from this, you can use a separate card wallet to keep credit cards. Always keep your card at the designated place after shopping.
