Credit card security is a major concern witnessing many issues of credit card fraud. These days, the use of credit card is increasing because of flexibility and freedom it provides. People can shop even when there is no cash with them. It is types of loan card. People can have balance of debt on account of interest being charged. People are required to pay the credit card bill at the stipulated time. Recently, many cases of credit card fraud have been registered. You can follow the under mentioned five tips for security of your credit card.
Keep your card with you: You should not lend your credit card to anybody in any situation. Keep your card in your sight all the time. Most of the card fraud happens when your card goes in another hand even to a friend and relative. Swipe your card in Credit Card Processing Machine yourself at the shops you make purchasing. Do not give your card to shopkeeper for swiping.
Safely keep your credit card statement: You should safely keep your credit card statement. The statement contains account number of your credit account. If you leave your credit statement anywhere, one can collect information about merchant services you are availing. You should destroy the statement slip after every shopping. If not, then keep the statement in the locked drawer so that it does not go in illegal hand.
Make FIR about lost card: If your card has been lost or missed then instantly inform the credit card companies for blocking the card account. You should also notify the police and register first information report so that one cannot make wrong use of the card. Don’t take the situation lightly. Some people think that they will notify the company after some time. They try finding the card here and there. But in that duration anybody can make multiple shopping from your card.
Do not store password anywhere: Do not save the password in mobile, computer, diary or anywhere. Somebody can get your password and can make online shopping where swiping is not done. You should also not log your account automatically.
Be careful while shopping online: Many websites are fraud and provide online shopping option just to get your credit card number and password. Such websites after getting information can ruin you financially. Unlike dial up terminal and wireless credit card machine, swiping is not required for online shopping. They can shop things by stealing your card number and pin code. So, you should buy online products from authentic websites only.
These are the security steps that can let you make use of credit card freely. So be active for collecting the payment slip from the credit card terminals after every shopping and destroy them at the same place or keep safely.
