Each and every card holder is threatened by risks that are attached to a credit card. People who cheat the card holders do not look into their data before doing so. It is just the amount of money they get is what matters. The most risky credit cards are the ones which are used for online transactions. Thus, you should avoid such transactions as the banks will not be responsible for the risk that takes place. When you use your card in such a way, you credit information is used by hackers to rob your account of the money that is in your account.
There are a few banks which given you protection against such high risk credit cards. Firstly, they recommend that you use only the virtual keyboard that is given by the website of the bank. This prevents the hackers from knowing your account details. The banks also give you a set of instructions, rules and regulations along with the card agreement. Make sure that you follow them to avoid the risks.
Losing a credit card can also be of potential danger. If your card is missing, report to the bank immediately. The bank will take the necessary steps. It will either trace your card or block the card and issue a new card to you. The latter step is a better way as it will prevent any purchases that can be made with the card.
If the instructions of the banks are not followed and your account is at risk, the bank will not help you in any way. This too will be mentioned in the agreement that you sign at the time of receiving the card.
Thus, one has to be very careful while using the card and also take its responsibility. It should not be given to the family members too.
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