Safety tips to avoid Credit Card Fraud

Safety tips to avoid Credit Card Fraud

• There is a critical 3-digit number on the back of the card called CVV (card verification value). Always erase and memorise it.

• A card's magnetic strip has the basic details of the cardholder. But the card also comes with a blank space for you to sign in. You must sign on the card to avoid unauthorized use. 

• Always check your monthly bank statements for any suspicious transactions. 

• Shred the financial documents with care. 

• Do not store your personal and credit card information on the computer. 

• Do not write the PIN number down. 

• During the online transactions, check if the web address starts with HTTPS, which ensures the encryption of all important data. 

• Never delay to report a lost credit card as the consequences can be highly disastrous. Close the account that you suspect is being hit by the fraud. 

• Thoroughly check the authenticity of the firm, the website, or any other transactional society where your money would be flowing through. Take a pause before venturing into any kind of online transaction and decide upon the authenticity of the transaction.