Credit Card Fraud: Know these 5 things to avoid big credit card losses

One of the reasons why people consider it a profitable deal is that even when you do not have money in your pocket, you can make your payment through credit card. You can also fulfill your needs. You can also repay your loan amount without interest during the grace period. One reason for the increase in credit card usage at this time is that you get many types of discounts on credit cards. With which you can do economical shopping.

This is why credit cards have become so popular among people for some time. With the increase in the use of credit cards on a large scale, cases of fraud have also started increasing. In such a situation, the credit card user needs to be a little cautious. If you remain alert, you will be able to avoid any kind of major loss. Let us know how to keep your credit card safe.

credit card transactions

The most important thing is to keep track of your credit card transactions. With this you will know when and where you have used it. If you keep an eye on your credit card transactions, you will immediately come to know about the unknown transactions done on your card, so that you can also file a report about it.

Do not share any credit card related information online

Avoid sharing any information related to your credit card like credit card number, expiry date or CVV number online. Do not share it with any messaging app. Take special care not to submit your credit card statement online, as this increases the risk of fraud.

shopping

People who use their credit cards while shopping online should always use their credit cards only on a trusted website. Take special care of card tokenization while doing transactions.

Be sure to change app passwords

If you shop through apps, always change the passwords of those apps. By doing this the risk of your data being leaked will be reduced. Try to keep your credit card safe so that it remains safe from theft. If for some reason your credit card is stolen, get it blocked immediately.

Make sure to decide the credit card limit.

When you take a credit card from any bank, a limit option is also given to control it. To avoid fraud, you have to decide the limit of your credit card. Along with this, you can also stop international payment. Always save the customer care number of the credit card bank in your phone. So that in case of any kind of fraud, immediate help can be taken.