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9 Hacks To Develop A Strong Shield For Your Credit Card

You are entitled to one free credit report every year from credit bureaus like CRIF.

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9 Hacks To Develop A Strong Shield For Your Credit Card

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  1. 9 Hacks To Develop A Strong Shield For Your Credit Card

  2. Incidents of credit card fraud are consistently increasing in India. The data from an RTI query shows that a total of 35,551credit card fraudswere reported from An increase in such activities has necessitated that your card be shielded and that you’re alert all the time! JAN DEC 2015 2017 to The amount involved in this fraud was Rs 14,165 lakh.

  3. TRACK YOUR CREDIT REPORT You’re entitled to one free credit report every year from credit bureaus like CRIF. Monitor it: if you come across any account that does not belong to you, report it immediately.

  4. SUBSCRIBE FOR BANK ALERTS In case, you come across any fraudulent activity, contact your issuer. Sign up for fraud alerts using your phone number.

  5. CHECK YOUR MONTHLY STATEMENT Counter-check all the purchases you made with the monthly statement you receive. Contact your credit card company in case you notice any discrepancy.

  6. USE A STRONG PASSWORD Use a combination of letters and numbers or else opt for an OTP. Features like IRIS SCAN FACIAL RECOGNITION FINGERPRINT UNLOCK can be even more secure.

  7. DON’T USE YOUR CARD ON UNSECURED WEBSITES Use your credit card on websites that explicitly state they are secure. Make sure the payment gateway is verified and trusted. Check the URL states HTTPS.

  8. UPDATE INFORMATION Periodically validate if your financial institutions have your current information so that you don’t miss any updates from them.

  9. MEMORIZE YOUR CVV NUMBER When you swipe your card, make sure no one is making a note of your CVV number. Memorize the CVV number then put an opaque sticker on it or scratch-off the CVV number.

  10. AVOID PHISHING SCAMS These links are often phishing scams and the scammer tricks you to enter your login details on their fake website. Don’t click on any email links or pop-ups that look like your bank.

  11. ENQUIRE ABOUT LOST CARD LIABILITY COVER If your card is used by a thief after the loss, the issuer may be liable to honour the amount when claimed. Check if your issuer provides such cover.

  12. To avoid such damage, protect your card the way you would protect a wallet full of cash. • When your credit card is misused, it may affect your credit score in a negative way.

  13. You can get both your personal credit score and business credit score by applying directly on the link mentioned below: https://cir.crifhighmark.com Follow CRIF India on : /CRIF INDIA

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