At the technologies are getting advanced day by day and peoples are moving towards plastic currency and digital numbers, It is getting prone to various risks and threats. In this digital era when there are online frauds and misuse of information are at peak, Credit cardholders need to be extra cautious while using their credit and debit cards. This is an extremely important article for credit card users. In this article, we are going to cover 11 Credit card usage tips and how to use credit card wisely.
Credit Card Usage Tips
1. Lodging the Compliant immediately for the Loss of Credit Card & getting it blocked:
If your Credit card is lost then you need to immediately lodge the Complaint for the Loss of Credit Card. The longer you go without your credit card the better the chances are that is landed in the wrong hands.
So always be sure to report any lost or stolen cards immediately and if you suspect fraudulent activity is occurring you should also report that right away to seems like common sense. So now you know some tips on spotting credit card terminals that could be stealing your information as well as how to use credit card wisely.
It’s time to start implementing what you’ve learned into your daily life and even with these credit card usage tips, it can still be difficult to decipher a real terminal from a skimmer. Another good tip is to keep a separate debit card on-hand that only holds a certain amount of funds set limits on your bank accounts so that it will automatically be exhausted when the amount has been used out of it.
When paying for items in a store or restaurant never allow the employee to take your card from you. Handle the transactions on your own & check for the Paid field in Receipts Carefully. If this is empty fraud may be involved you can look into card insurance policies with your bank.
Sometimes there are programs that help protect clients from fraud and offer reimbursements. Now that you know some tips on how to use credit card wisely and identity thieves and how to protect your credit card and other private personal information.
2. Review of Account Activity
One needs to review your account activity. This review of account activity should be doing on a regular basis. The account activity can be checked by going online or even through your phone. Always stay up to date with what’s going on in your credit card statements and you should also sign up for text or email alerts for any suspicious or unusual credit card activity. Stay on top of your credit card statements & check it on monthly basis.
3. Keep Credit Card Passwords Private
The Password should be kept to yourself. Although the password might be a good combination of letters and numbers. The password should not contain the name of a friend or any family member or their birth date or any addresses which anybody can guess very easily.
The password should be changed frequently at some intervals. One password should not be used for multiple accounts and don’t give to any close family members as it is very risky to share it with anyone.
4. How to deal with Card Receipts
You should be extremely careful with all your receipts. The receipts should be checked against the bills and statements to make sure that there are no discrepancies. Try to avoid throwing out receipts. You should dispose the receipts that you don’t need and file the remaining in a secure spot. Always try that nobody has any access to any of your receipts.
5. Sign up for fraud alerts
You should sign up for fraud alerts to protect yourself from getting scammed. Fraud alerts will alert if any suspicious activity is being occurred on one of your accounts. Some alerts will even notify you or contact you anytime a new account is made under your name.
This is a great way to make sure that you’re never scammed and in the event that someone does try to steal your identity and create a new account under your name or make a purchase using your credit card you’ll be alerted. So, it’s best to protect yourself from these scammers by signing up for alerts.
6. Keep your bank up to date
It is extremely important to keep all of your information up to date in the Bank Account. If you shift from your current address then update the same in the Bank account so that your Bank Statements should always go to your new address & don’t end up in the wrong hands.
You should also check with your Bankers & other service providers that they have the right contact information including your phone number and email address.
7. How To Use Credit Card Wisely –Go Paperless:
You should sign up for paperless statements and doing all your payments and other banking online. This will remove the possibility of that your personal banking information will go into the wrong hands. The Private Documents which have personal information should not be kept anywhere. It should be kept in a secure place.
8. Keep your account number to yourself
There are lots of ways scam artists can gain access to your credit card numbers. Therefore, make it a habit of keeping all your information including your account number private. Don’t let anyone see your credit card when you are in public and never give your credit card number over the phone unless you are giving it to a banker or to the service provider on whom you can trust.
Do not ever respond to an email that asks for your credit card information or other personal information even if the email seems legitimate. The hackers tricked people by using legitimate emails.
9. Operation Errors
Frequent operation errors are another sign that a skimmer may be in use skimmers often affect the magnetic strip and can slow down the function of the terminal now that you know what to look for in a credit card terminal that could be scamming you here are some credit card usage tips on how to keep your credit card information safe.
10. Dim Screen
The highlighting mechanism on the terminal is being blocked due to the insertion of the Skimmer. If there is dim light in the terminal then this could be a sign of a skimmer. Most terminals have functions due to which the buttons are slightly lighted. The same goes for the green light at the top of the device if this light is not on then it may be blocked by a skimmer.
11. Size of Skimming Terminals
Skimming terminals are usually slightly larger than a regular terminal. You can check it by checking by the amount of space your card has at the top or bottom. The standard space is about one inch whereas the space in a skimmer is about a centimeter. You can also notice it by checking the width of the Machine.
If you follow the above credit card usage tips, you can save your money from fraudsters and mishappenings. How you find the answer to how to use credit card wisely in the above article.