Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Safeguard Your CC Details This Holiday Season

    Published on November 06 2018

    December is a month of celebrations and joy. While most of us are busy buying gifts, planning our holidays, and visiting relatives, there are hackers and fraudsters waiting for an opportunity to steal your hard-earned money. If you are a person who uses a credit card for transactions, you need to be extra careful to make sure your credit card information is secured. There are many people falling prey to fraudsters and hackers.

    Safeguard Credit Card Details
    Safeguard Credit Card Details

    Steps to Protect Valuable Credit Card Information

    Following are the few simple things to keep in mind in order to protect your valuable credit card information:

    • Avoid saving card details on merchant’s websites – It becomes very convenient to make purchases online when your card details are saved on the merchant’s website. You don’t need to go through the hassle of taking out your card and typing the sixteen to nineteen digit number followed by expiry/validity and other information. The method is really helpful when you need to make quick purchases but have you ever wondered about the safety of your card details? There are many hackers and fraudsters waiting to get their hands on your card information. The credit cards have complex security features that protect it from misuse but many merchants don’t incorporate the best possible encryption methods, this makes your credit card vulnerable to the risk of fraud. Considering the convenience of storing credit card information online, we tend to make purchases that we don’t need. If you are worried about the safety of your credit card details and wish to protect it from hackers and fraudsters, you should remove/delete your credit card details from online stores.
    • Analyzing the transaction statements - The best way to find out if your credit card details have been already compromised is by checking your credit card statements. Many a time, we tend to ignore the transactions for a small amount and focus more on the bigger transactions; this is helpful but not the best practice. Hackers and fraudsters come up with various ways to fool the owner of the credit card. If you start checking your daily, weekly or the monthly statements more diligently, you will be making sure that you are not paying for someone else’s transactions. Even a small amount which you can’t recognize needs to be reported to the credit card issuing bank in order to get the transactions to be reversed.
    • Usage of advanced mobile payments – There are many mobile wallets that allow you make transactions with the highest standards of encryption methods. These payments are secured with top-end methods that are difficult and nearly impossible for hackers and fraudsters to crack through. This seamless method allows you to enjoy the benefits of your credit card without having to worry about the security breach. From bank’s own mobile payment application to third-party mobile wallets, there are plenty of options to choose from. If you haven’t signed up for one of the mobile wallets, this is the time you should.
    • Sharing credit card information – The banks have already told you enough about it but sharing sensitive credit card information is as good as inviting hackers and fraudsters to take your money. There are many of us who use instant messaging applications and software, it seems easy and convenient to share the card details with family or friends for an urgent transaction but are you sure the application or software you are using is not transmitting your message to any third party? The hackers and fraudsters are on a lookout to grab card details from anywhere possible. It is advisable that you never share your card details through any platform.

    These are few of the methods you can use to prevent the misuse of your card but it doesn’t mean your card is not safe at all. These methods will help you stay on top things when it comes to the safety of your credit card information. Most of the credit cards have incorporated various types of fraud-prevention mechanisms. The built-in system provides you with the highest level of encryption and security so you can continue enjoying the endless benefits of credit cards. If you keep these simple tips in your mind, you are one step ahead of people who fall victim to fraudsters and hackers.

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