The trend of credit card transactions has increased rapidly among people. People use credit cards for everything from online shopping to mobile phone recharge. Along with credit card transactions, cases of fraud have also increased. Keeping this in view, the Reserve Bank of India (RBI) made EMV chips mandatory in credit and debit cards in 2015 and tokenization in 2022. You need to keep your credit card safe. Therefore, to avoid cyber fraud, you should take care of some special things related to credit cards (Credit Card Security Tips).
You should always use credit cards only on good websites while purchasing anything. Along with this, you should always use card tokenization while doing any kind of transaction. This helps you keep your credit card data safe.
Do not share information online
You should not share your credit card number, expiry date, or CVV number with anyone online or through any messaging app. Credit card statement should also not be used, because it contains all the information along with the card number.
Have been checking credit card transactions
To avoid any type of fraud, you should keep checking your credit card regularly. Your benefit will be that you will be able to report unknown transactions easily.
Set transaction limits
Banking apps have the option to set credit card limits. Through this, you can easily change your credit card limits. International payments can also be turned off. This will help you avoid the risk of fraud.
Update password
To avoid online fraud, the passwords of the apps in which credit cards are used should be changed from time to time. This reduces the risk of your data being leaked. Keep your credit card safe from other people.
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