How to keep your credit card safe from malicious activities online?
According to a recent report presented by the Minister of State for Electronics and IT in the parliament, till December 31st 2019 of FY 2020, around 50,000 cases of credit card, debit card, and net-banking frauds have been registered in India.
This data reflects the stunning growth rate of financial fraud in this country, and it is high time that you become serious about your payment card’s security. In the event of any misuse, theft or loss of cards, you can contact the credit card customer care number for assistance. They will freeze your credit account immediately, preventing further unauthorised transactions.
However, instead of reacting after an incident, you can take some preventive measures to keep your credit card safe from various online threats.
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Five ways to safeguard your credit card from online threats
- Always use reliable websites
If you are performing any online transactions like credit card bill payment, paying utilities, shopping, etc. try to use the official website of the company. Otherwise, if you are using any third-party app or vendor, then ensure that it is a reliable one.
An easier way to understand whether a website is secure or not is to check if it has an SSL certificate. If there is a lock symbol in the URL field, and the website address starts with ‘https’ instead of ‘http’, any transaction via this platform will be encrypted.
- Use a designated card for online transactions
If you keep a designated credit card only for online transactions, then you can mitigate the risks of fraud to a certain extent. At times, financial institutions offer specialised cards for online usage. Typically, such payment cards have advanced security features and offer accelerated rewards against online transactions.
- Be intelligent with your passwords
When you create a password for any online transactions, it must be unique and complex. It makes the job of a criminal more challenging to assess your private account. Usually, a string that contains a combination of alphabets, numbers, and symbols are considered as a strong password. Additionally, it should be 8-12 characters long as well.
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- Check your credit card statement regularly
Instead of checking the credit card bill when it arrives, and finding out about any misuse, make a habit to check it periodically within a billing cycle. With the implementation of the online account management, you can now keep a track on your credit card usage via the lender’s website and mobile application of the credit card issuer. Moreover, if you ever notice any discrepancies, you can immediately call the credit card customer care number to report it.
- Do not respond to scam emails and phone calls
You should always avoid any phone calls or emails that ask for your personal details as well as credit card information without you raising a formal request. It is an easy way to protect your credit card from getting hacked.
Moreover, refrain from giving these vital details over the phone, unless you have made that call for any purpose. In case you receive a phone call, email, or text message regarding any issues with your credit card, immediately call the credit card customer care for clarification of the same.
In addition to these preventive measures, you can always opt for a credit card with advanced security features, like that offered with SuperCard. This credit card provides Zero Fraud Liability cover as well as In-hand security to prevent online fraud and identity theft,as well as the provision to avail an emergency loan, 50-day interest-free ATM withdrawal, etc.
Furthermore, the card also provides pre-approved offers for their existing customers. This offer streamlines the application process and saves time. It is also applicable to other financial products like personal loans, business loans, etc. You can quickly check your pre-approved offers by submitting your essential contact details.
Typically, credit cards have zero-liability cover to mitigate the financial loss of a user in the event of any fraud or unauthorised usage. However, it has some specific terms and conditions attached to it, which you should go through properly before applying for a credit card. Afterwards, if you have any queries, you can call the credit card customer care number to resolve them.