If you do not want to get yourself into any kind of trouble in the near future with respect to your finances, you must know to handle your credit card right. Yes, you may be very careful with your payments and usage of credit card, but you should be equally careful about ensuring that your credit card does not reach the wrong hands. This is where protection and security tips are very essential for credit cards.
Here are some of the tips that can help you guard against people preying against you:
This is the most common mistake that we tend to make. Sometimes we trust our friends and family and give them the liberty to use our cards. They may not misuse it, but if they misplace it carelessly, you will have to bear all the losses.
The minute you receive your credit card, remember to sign the strip behind the card. You signature in the card will make it difficult for the others to misuse it until they manage to forge your signature very convincingly.
Protection and security would be least on your mind specially when disposing your old credit card. This can prove to be an expensive mistake you make. Ensure that the magnetic strip behind the card is cut off and the card is rendered useless before you dispose it.
If you have a tendency to write down your PIN instead of memorizing it, remind yourself that you are violating the basic protection and security tip. This is because if the PIN reaches wrong hands, a lot of damage can be done in a matter of minutes.
Many jobs stand simplified today because they can be handled online. This includes paying your bills, booking tickets etc. Always ensure that you use only websites that are secure for your transactions. Avoid any transactions on websites when you are not aware of their credibility.
There are innumerable fraudulent practices in the online world. Extracting information from your emails is no big deal in the tech savvy world. Never exchange your PINs and passwords through your mails as this will make you vulnerable to threats.
You are mainly responsible for the protection and security of your credit card. Report the loss of the card at the earliest to avoid misuse of the credit card.