Scared of Using Credit Cards? Just Exercise these 5 Precautions and Stay Safe

Scared of Using Credit Cards? Just Exercise these 5 Precautions and Stay Safe

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Credit Cards can be a boon or a financial disaster on the basis of how you use it. To ensure that you make the best use of this financial tool, we have created the list of 5 precautions that you should remember when using them.

Plastic money is rapidly replacing the cash-focused economy of India. Credit Cards have now become a go-to alternative to carrying huge amounts of cash which is not only inconvenient by not safe as well. While there are several benefits of using these cards, it is very important to use them wisely. It wouldn’t take a lot of time for this financial tool to turn into a major financial disaster for you.

We have created a list of 5 important things that you should surely remember when using Credit Cards.

  1. Be Very Cautious when Swiping the Card

Most of the credit card frauds happen when your card is swiped by a merchant. There have been innumerable cases when the merchant swipes your card multiple times but gives you a bill of a single swipe. Ensure that you are personally present at the counter when your credit card is swiped to avoid such frauds. If at all, a merchant swipes your card more than once, ask the reason for the same and check the bill amount when you leave the counter.

  1. Avoid Fraud when Paying Online

If you use your credit card to pay for things you buy online, there are a number of ways in which you can be cheated. Thus, it is highly recommended that you only use your card at reputed websites. Use the original operating system, software, and anti-virus on your computer to avoid any kind of online fraud. Avoid making transactions from a cyber cafe or use public Wi-Fi connections for payment.

  1. Avoid Spam Emails

Credit card fraud through spam emails has been around for a long time now. Ensure that you never provide your card details at any link that you receive in your mailbox no matter how genuine the email looks. No credit card company asks for your credit card details through email. The information you provide can be misused in many different ways.

  1. Immediately Report Loss of Credit Card

If you lose your credit card, report the same to the credit card company as soon as possible. They will instantly block the card to prevent its misuse. Most of the credit card companies now have 24×7 customer support center’s where you can easily report the loss.

  1. Check the Bills Carefully

If you regularly use your credit card for payments, make sure that you thoroughly go through the bill every month. The smallest of errors should be brought to the notice of the credit card company to avoid any major occurrence in future.

Using a credit card wisely not only brings in a host of benefits but is also very good for your credit score. Just ensure that you remember the points mentioned above to make sure that you can experience all of the benefits without committing any major mistake.

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