The most popular way of credit card fraud is ‘phishing’, where a person posing as a representative can contact the cardholder and withdraw all their information. Another common method is ‘skimming’ where a fraudster uses a scanner to read all the card information.
However, other than the above mentioned, you can also have your card compromised while shopping online or offline. While offline shopping may not involve many risks, going online can pose specific threats.
The first step in ensuring the safety of your credit card is to avail one that comes with added security features. The Bajaj Finserv RBL Bank SuperCard, for example, comes with “Zero-fraud liability cover” and “In-hand security”. These features protect you from online threats and give you more control over your card.
In addition to security features, you can also follow the tips below to keep your card safe while shopping:
1.Ensure the website you shop from is secure and encrypted
If you’re an online shopper, always shop from secured and encrypted websites. To check if the site is secured, always check the “https://” prefix at the beginning of their URL.
Also, avoid clicking on links directly that you get within an email. Ensure that the sender is trusted before doing so.
2.Avoid using public Wi-Fi networks
Public Wi-Fi networks are open to all – you don’t have to put a password to connect with them. Thus, there are high chances that fraudsters can take advantage of these networks. Hence, you may end up compromising your credit card when using these unsecured Wi-Fi networks to shop online.
3.Don’t save your card information on a website
Many online shopping websites will ask you to save your card information so that you don’t have to enter your card details every time you make a purchase.
However, if saved, a third-party can use your card details to shop when they get access to your account in the website. Furthermore, if the site comes under a breach, all your information may fall into the hands of a scammer.
4.Hide your card number and shred the receipts
Hide your credit card number when using it in public places and destroy the receipts as it may contain the same.
5.Use a virtual card number
Several companies provide a virtual card number to their customers that can provide a maximum usage of one or few times. Thus, the chances of getting scammed reduce considerably.
6.Keep track of your card statements
Although this step may be related to shopping, it can still help in keeping your card safe. Keep track of your card statements and monitor any unauthorised activities. If you come across any irregularities, you can report the same to your lender and apply for a chargeback.
Following these tips mentioned above, you can make your credit card shopping safe. In fact, when applying for credit card, make sure you have fulfilled all the necessities or else your application may get rejected.
The Bajaj Finserv RBL Bank SuperCard is one of the ideal credit cards that you can avail for secure shopping. Along with security, several other features that it brings include:
An emergency interest-free credit for 90 days.
Interest-free ATM withdrawal for up to 50 days.
Accelerate rewards and annual savings of up to Rs. 55,700.
Welcome reward points of up to 20,000.
Milestone reward points by spending a particular amount per month/year.
The RBL credit card in association with Bajaj Finserv also comes with pre-approved offers. Pre-approved offers make the process of availing finance less complicated and more straightforward.
Nishant is a passionate blogger. He has a very diversified skill of amazing artwork like Card Making, Painting and Crafting. He loves keeping himself up-to-date with the news and happenings around. He is always open to learning and shares his experiences on Greetings of the Day.