Tips to Help You Prevent Online Credit Card Fraud

It’s true that being a credit card holder adds a lot of ease and comfort to one’s life when it comes to purchasing goods using the card, everyone would agree with that. However, a credit card is not just about ease when it comes to purchasing online. It becomes a big responsibility in the case of online shopping and the buyer has to make sure that online purchasing is done using safe and secure methods, giving out only the information that is needed. If you are one of those people who are aware of the importance of staying alert while shopping online using a credit card, you have come to the right place! Here are top 10 tips to help you prevent online credit card fraud.

1. Accessibility:

The first and most important thing to avoid identity theft is to simply keep at a place where it’s accessible to you only. It depends on you how responsible you are with it because losing it or keeping it at a place that is easily accessible to others could lead to the wrong use of the card by others and sometimes it is just too late to do anything about it once the damage has been done.

2. Card Information – Who to Trust?

When making a purchase, remember to never give out your credit card information to someone you don’t trust or know well. It has now become a very common way of getting someone’s credit card information via phone call. To prevent this fraud, only give out your credit card information when you have initiated the call. This will help in keeping a track of the sources that you have given out the credit card information to, in the case of theft or fraud.

3. Logout of the System:

A very common mistake that people make when purchasing online is that they forget to logout out of the system after using their online account or any other online portal from which they pay through the card. Always remember to log out of the system, especially if you are using a system that you don’t use frequently. Other than that, it’s ideal to make transactions and purchases on your personal system only so that the information stays in your system.

4. Different PINs for Different Cards:

If you own multiple credit cards, try to choose different PINS for each. However, it does get difficult to remember all the PINS but helps in the long run. Even if one of your credit cards is misused, the others stay safe due to different security information.

5. Read the Terms and Conditions:

When you are purchasing online, it’s important to read all about the platform that you are making the purchase from. It would be a better deal for you to first ask for reviews from people on forums or blogs so that if anybody has faced some problem with the platform in the past, you can take help with that information and act wisely. Once you are sure of the safety and security terms of the platform, you can proceed with providing your credit card information. While you feel secure in signing in, do keep reading the terms and conditions at every step so that you are aware of what you are

6. Report Immediately In Case of Loss:

Credit card and its related matters are very sensitive and you must stay careful and alert about it at all times. In case you can’t find your card and you have looked everywhere it could be, do not wait anymore and report to the respective service right away so that they can lock your card before any damage is done to it or before it gets to the wrong hands.

It is wise to notify your credit card company prior travelling so that the company is notified about your transactions from a different location and things don’t get out of hands.

You can find more valuable information on credit card fraud from these links...