CREDIT CARD MYTHS-WHICH CAN KILL YOUR FINANCIAL LIFE SOMEDAY

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CREDIT CARD MYTHS-WHICH CAN KILL YOUR FINANCIAL LIFE SOMEDAY

Tips to Secure your Credit Card


I hope, now that these myths are busted, you are a more informed and powerful person who the rules of the game of credit cards . To summarize, lets put out some tips to secure your credit card
• Do not share your one time credit card password (IVR) with anyone ever
• Scratch your CVV number and remember it in your head !
• While making any online transaction, make sure the website starts with https://
• While making any transaction offline like on petrol pumps , hotels etc, make sure its swiped in front of you as far as possible.
• Make sure the card is swiped on a machine which is issued by authorized banks and not some machine which looks suspicious , it can be a “Skimmer” machine which steals your data.
• Put a signature on the back of your credit and debit card, so that unauthorized transactions are not done and you are protected a card holder
• If possible, better use a credit card which has a small limit like 10k or 20k for shopping.
• There are virtual credit cards these days, you can use them for online transactions
If you ever had any incident that was mentioned here, please share it with others and if you have some thing to teach others, please share it here with everyone.

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