9 Hacks To Develop A Strong Shield For Your Credit Card

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Incidents of credit card fraud are consistently
increasing in India.
The data from an RTI query shows that a total of
35,551 credit card frauds were reported from
An increase in such activities has necessitated
that your card be shielded and that youre alert
all the time!
The amount involved in this fraud was
Rs 14,165 lakh.
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TRACK YOUR CREDIT REPORT
Youre 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.
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SUBSCRIBE FOR BANK ALERTS
Sign up for fraud alerts using your phone number.
In case, you come across any fraudulent
activity, contact your issuer.
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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.
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USE A STRONG PASSWORD
Use a combination of letters and numbers or else
opt for an OTP.
Features like
can be even more secure.
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DONT 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.
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UPDATE INFORMATION
Periodically validate if your financial
institutions have your current information so
that you dont miss any updates from them.
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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.
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AVOID PHISHING SCAMS
These links are often phishing scams and the
scammer tricks you to enter your login details on
their fake website.
Dont click on any email links or pop-ups that
look like your bank.
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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.
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When your credit card is misused, it may affect
your credit score in a negative way.
To avoid such damage, protect your card the way
you would protect a wallet full of cash.
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You can get both your personal credit score and
business credit score by applying directly on the
link mentioned below
https//cir.crifhig hmark.com