5 Tips to Avoid Credit Card Fraud if Carrying a credit card in your pocket – This news is for all those people who do online shopping and use credit cards for its payment. In recent years, there has been a rapid increase in the number of online fraud cases. In such a situation, it is very important to take special precautions to avoid becoming a victim. If you are a little careless you can lose a lot of money. So avoid risk by tying these 5 things together.
Be sure to set transaction limits
POS (Point of Sale) is an area where credit card holders can configure the transaction limit as per their needs. Transaction limits can also be set if you do not normally use the card for transactions above Rs 5,000. Using this method, you will be unable to use your credit card to make more than this amount at any time.
Required to set card limit
Customers often receive messages from credit card companies asking them to increase their card limit. It doesn’t matter whether their needs are small or not.
However, the credit card limit should be set according to your needs. Whenever the requirements are low, simply lower the limit, and any activity above the limit will be automatically blocked. The limit can also be increased if needed.
Contactless transaction harmful
Today, most credit cards offer contactless transactions due to increasing digitization. However, it can have a very negative effect on your health. With this facility, payments can be made without entering a PIN.
However, if you accidentally lose your card and it falls into the wrong hands, you can lose a lot of money. Therefore, it is a good idea to disable this feature.
Close international transactions
When you are not traveling abroad, you can choose to stop international transactions on your credit card. It is also possible to restart it if necessary. Limiting or deactivating international e-commerce or online transactions would also be useful, as most international online transactions do not require additional security codes.