Things You Should Be Cautious About While Using A Credit Card
Using a credit card is a matter of being very careful with its usage. You must be aware of security principles while you are making payments with the card. In all other aspects, it is fun to use credit cards. You must take care of these things while using a credit card.
Do not give your credit card to an acquaintance
Your credit card belongs to you only and it is not transferable. In case you want your family members to take advantage of your card, you can procure a supplementary card for their use.
Do not share your PIN code
While withdrawing cash, you must not share your PIN code with anyone. In addition, do not write the code on your card, other ID cards, mobile phone etc. If you want to change your PIN for security purpose, you must do it at the earliest.
Sign your credit card
When your card is in transit, it is blocked for security purposes. As soon as you receive your card, activate it and sign it immediately on the signature strip given at the back of the card. This is done to prevent deceitful use.
Place your photo on your credit card
If your credit card company allows, you can even place your photograph on your credit card on the front side. This prevents fraudulent use of the card in case it is stolen.
Other safety measures you can take
If you take the following precautions, you can safely use your card:
Swiping your card:
When you hand over your card to the salespersons or waiters, you must be cautious. You must ensure that the card is swiped in your presence. Moreover, you must check the billing amount before signing the receipts. It is not permissible to cross out anything in your credit card receipts or other similar documents. In case of any discrepancy, abandon the slip and ask the retailer for a new receipt.
If you have used your credit card for guarantee, ask your vendor for receipt along with the guarantee receipt that contains the impression of your card after payment.
While making online payments, you need to be extra cautious. Many spyware and fake websites have come into existence that steal the information of credit cards and misuse in several ways. Therefore, you must use merchant websites that are encrypted and they use security software.
Any email that asks you for your credit card details is a spam mail. All credit card companies declare that they do not ask for details like CVV number, PIN code, etc. over the phone or via email. The spam mails are malwares, which are meant to gather personal details of your credit card. You must delete such emails without clicking on the link provided.
In case, you lose your card, you must report it to the credit card issuer company and get it blocked. It will significantly prevent any misuse of the card. Most companies have 24-hour customer care helpline for such cases of lost or stolen credit cards.
If a transaction fails at a vendor’s station, ask for a slip that confirms cancelled transaction.
At the ATM
When you are withdrawing cash at an ATM, do not let others stand very close to you while you enter your data, especially the PIN. When you take your cash, count it and keep it safely. Take your card immediately from the ATM machine. If the ATM does not deliver your money or return your credit card, call the customer care support of your bank immediately. Do not leave the call for future. The ATM machine might have been tampered and if you leave without calling, your card may be misused.
You should be at maximum safety if you do these things!