Every year, a number of people from various parts of the world fall prey to credit card fraud. The improvements being made in the field of science and technology has only made it easier for criminals to steal critical credit card data that can be later used for various purposes. Hence, it is imperative for all of us to be careful with credit cards and keep a few tips in mind to prevent falling prey to credit card fraud.
Did you know that the credit card receipts you get after any transaction comprises of critical data that can be misused? Some of the important data that are present on most of the receipts are the card number, name of the card holder and the expiration date. It is important to store these receipts carefully if you intend to refer to them at some point in the future. If not, it is recommended that you shred the receipts at the earliest. Leaving the receipts unattended can prove to be costly and can set you back by hundreds of dollars.
When the card expires, it is important to cut it to pieces to prevent misuse. Banks generally send the replacement card a few days in advance to ensure continuity of business. Whenever you receive the new card, ensure you sign on the strip at the back to prevent it from falling into wrong hands.
If you are using the credit card to withdraw funds at an ATM or to perform other transactions, ensure no one is looking over your shoulder. It is always better to cover the number pad with one hand while you input the PIN with the other. This prevents the cameras or the “shoulder surfers” from fudging this number. Do not share this number with anyone at any point of time.
An increasing number of websites offer customers the chance to shop online from the comfort of their homes. This convenience comes at a price. There are a few websites that do not offer proper encryption for credit card data, thereby putting you at risk. Choose websites that start with https:// since it represents an extra level of protection.
In addition to all this, make sure you review the billing statement on a monthly basis and report any fraudulent transactions immediately. Block your card immediately in case you lose it or it gets stolen. These simple tips can go a long way inensuring protection for your credit card.