Credit cards are convenient, but they can make you an easy target for financial fraud too. Each tap, card swipe, or online transaction is attached to a slight but genuine potential for fraud. From data thefts to links that lead to phishing scams, thieves are always finding fresh methods to pilfer details. Keeping your card safe is never just about money — it is also keeping your reputation and your identity safe.
Keep a lookout for suspicious texts
Scammers nearly always pretend to be your card company/bank, with bogus alerts/reward notices that demand you provide them with personal info. Real banks never request card numbers, OTPs, PINs over calls/messages. Always verify sender's ID and call your bank when suspicious.
Use secured networks while making transactions
Do not access public Wi-Fi for any money-related transaction. Hackers can snoop on open networks. Access through a private connection while shopping online or settling bills online, and make sure the site begins with "https" — the "s" is for secure.
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Allow transaction alerts
Moreover, majority of the card issuing banks provide instant SMS alerts/app alerts on every card transaction. Enable them. If you see a suspicious transaction, notify them promptly — even tiny test transactions may be a sign that your card details are leaked.
Establish limits on spending and usage
You can manage your card's exposedness through controls on daily limits across online and offline transactions. Most banking apps now enable you to freeze or suspend international features temporarily. Simple controls can suppress unauthorized expenses even before they occur.
Keep your card information confidential
Do not post your card images, CVV, OTPs on any website or with anyone — even trusted people. Do not store your card information on several sites or apps — rather, opt for one-time payment through virtual cards or UPI. Keep your passwords and PINs fresh to incur lower risks.
If it looks suspicious, act quickly
If you suspect a suspicious transaction, quickly freeze your card from your mobile banking app, call the hotline number, and challenge it. Change your passwords, check your other accounts for suspicious activity, and request a new card. The earlier you act, the better your chance of recovering your funds as well as limiting future misuse.
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