How do I Protect my Credit card against Fraud or Theft?

Simple Ways to Avoid Credit Card Fraud

  • Make sure to keep the card safe at workplace, travel or gym.
  • Check the card, after returning from a purchase.
  • While traveling, keep it in your wallet.
  • Inquire if your bank offers any theft protection insurance for the card.
  • While purchasing or banking through online, use difficult passwords
  • Change login & password every month
  • Clear login & password details after using a public computer
  • Do not respond to pop-ups or spam windows that ask for personal or banking details.
  • Do not let third parties manage your email, which includes the bank details.
  • Avoid posting your vacation selfies and photos on social media websites, as it increases the likelihood of theft.
  • Regularly monitor credit cards and bank statements to check if somebody has used your identity for their expenses
  • Do not throw any paper with a credit card number, bank statement etc.
  • Do not reply calls or emails requesting the banking details.
  • Carrying a smartphone or a note with the credit card PIN number obviously noted on it is not recommended
  • Destroy the unwanted or unused cards
  • List out the cards, along with their numbers, so that it is easier for reporting when stolen
  • Immediately after noticing or detecting fraudulent activity, let your banker know the place where it had occurred so that they can immediately freeze the account because in many cases a huge amount is withdrawn within a day of the theft.

The final note: Prevention is the best way to combat credit card frauds.

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