While credit cards have become commonplace in the average Singaporean’s wallet, consumers still lack the sort of understanding, that can stop the card from being easily misused. Credit card safety occupies a unique position in the agenda of most banks and credit institutions, because it is at once very complex and utterly simple.
Securing a credit card is very simple if only we know what to do, and do it diligently-
Here are 5 tips that you can follow for greater credit card safety-
1.Use Cards With Photo :A photo identification is the easiest way of knowing the card owner, so try using only those cards that have the photo option. No one can swipe your card even if stolen or lost, because most merchants will be suspicious.
2. Keep Track of Transactions : Keep a track of your recent expenses and keep checking. Even if there is an unrecognized charge you can initiate an investigation. Frauds when detected can be easily tackled and card issuers today are proactive in their approach to curbing fraud.
3.Secure Your Card Pin : Do not carry your card with the PIN written down anywhere, in your wallet, in your pocket or anywhere else. Better still, do not write down the PIN at all, just memorize it. Block the card right away if you think that the PIN or your card information could have been compromised. Do not wait to see what happens.
4. Do Not Disclose Card Details : Do not discuss your card details when not in a secure place. And make sure you call only the bonafide customer care number listed down in your credit card information deck. Every incoming call about your credit card should be treated with caution. Your card expiry date or CVV number need not be discussed over a call unless you initiate the call and know for sure who you are dealing with. You can always disconnect the call and directly call up the bank or card issuer to verify.
5. Perform Online transactions Carefully : Online transactions are safe, when conducted with caution and when done on known and established sites. Contrary to the widespread belief, online transactions are relatively safe and in most instances it is the customer who opens up to fraud tactics through sheer carelessness.