How to use Credit cards safely: Precautions and Safety tips
New eras of credit card have made us more inclined towards not carrying money in our pocket. It actually became important to take extra care of your big money, which you maintain in thousands or Millions of $, because any misuse can lead a big hole in your pocket. So we have Complied some of the basic safety tips and precautions, that ever body should take while using their credit cards.
1. Be Careful, Alert, and Take precautions when your card gets a swipe - When paying by cards, ensure that your card have been swiped in your presence and the person should not swipe it more than one time and also verify your bill amount before signing the duplicate clip.
2. Be cautious about your CVV number - When shopping online CVV number is required. The three digits at the back of your card is CVV number. It contains high risk of being concealed by frauds and hence can be misused.
3.Use your Credit card safely, while you shop on online websites - Online shopping always contain high risk factor as you never know which bluffed website can conceal your cards pin and CVV numbers. Therefore, before shopping online ensuring the safety and security is a good option. Encrypted form of transferring data is the safest way to be secure while shopping online. So check those sites that transfer data in Encrypted form and go for them.
4. Pre-paid Credit cards - Apart from monthly rental cards, pre- paid cards are more beneficial. When it comes to secure way of shopping, and using your money without having a fear of getting stolen pre- paid cards comes first in the row. You can bear small amount of money in your pre- paid card and can use it without having high interest rate from the company,and it is also easy to access.
5.Be alert and careful while communication over phone shopping – Some frauds that have been triggering you for money can mislead you while giving your foul calls claiming as calling from the company and may ask you sensitive information about your cards through e-mails or phone calls to misuse or conceal your card. Be alert about this unsolicited communication.
6. Do not handover your documents at risk – There are so many bluffed people in the market that they actually bluff you under your nose. In the form of local franchisees, these bluff masters can also misuse your significant documents for fake credit cards, SIM cards. Therefore, it is essential to provide your critical documents in safe hands.
7. Be active to notifying changes – In case any changes in your residence; do not forget to re- mention those changes in your bank accounts.
8. Destroy your bills carefully – We often throw our bills and credit cards bills in dustbin without knowing the risk behind doing so. It can be really risky, so always tear them completely and then throw them in dustbin.
9. Carefully check your bills - Checking your bill regularly might take some time but can take you to the safer side to maintain your credit cards. And if you have found even one of the bill is missing in your monthly statement then, do not hesitate to call Customer Care Centre to ask the details.
10. Report immediately when lost your card – Carrying your entire card at the same time can be risky; your card can be easily stolen. And in any case if you lose your card somewhere then, lodging a FIR should be the first thing that you have to do.