2 min read
25 May 2021

Electronic transactions are a boon to the busy Indian citizen. However, protection of your identity details, credit card, financial information and credit history are extremely significant to retain your peace of mind and maintain a healthy financial record.

How to protect your credit card from hackers?

Credit card theft is one of the worst ways to get cheated. Therefore, every credit card holder must know how to avoid getting hacked.

1. Follow safety measures

Prevention is better than cure, and this is precisely why we recommend that you don’t wait to check your billing statement only when it arrives; you must check it either daily or on alternate days. If you have lost your card or see a fraudulent charge on it, you should keep a regular check for at least 30 days after your new card arrives. If you find a suspicious charge, report it immediately.

Additional read: How to check credit card balance?

2. Guard yourself against scams

Just because thieves have your credit card number, it doesn’t necessarily mean that they also have the expiration date and the CVV number. Protect your credit card from being hacked by never responding to scams that e-mail or call you asking for access to the rest of your information. It is recommended that you refrain from passing out your information to anybody over the phone or e-mail unless you call the credit card provider directly.

If a caller gives you a number to return their phone call regarding your credit card, please verify that it is the same contact information that your credit card company provides on their brochures, website or behind the credit card. Also, ensure that you use your credit cards on e-commerce and travel sites that are encrypted, secure and ask for a one-time password. Always double-check the website you are making a transaction on to ensure it’s verified and safe.

3. Have a card protection plan

A good credit card provider will offer you the option of a protection plan. Bajaj Finserv has collaborated with CPP India to provide its customers CPP’s card protection plan, an assistance service enabling cardholders to protect themselves in the event of card loss or theft and resultant fraud and distress. A good card protection plan is a must for consumers who use plastic money on a  regular basis for all daily payments, travel payments and regular expenses such as groceries, car payments etc.

India is witnessing a sharp hike in credit cards being the preferred mode of payments and transactions amongst Indian consumers. A service that provides assistance and insurance on your credit card is a good way to protect yourself against credit card hacks.

4. Be intelligent with your passwords

Using a strong password and frequently changing your password is the only way to stay ahead in the game. Cyber thieves troll their targets and follow their patterns. Therefore, the only solution is not to create a pattern with your passwords. The same goes with pins for your cards.

5. What to do if you lose your card?

First and foremost, inform your card issuer. Let them know your last transaction as best as you can remember. Have them cancel your card immediately and send you a replacement card at your registered address. Furthermore, analyse your other credit card statements to ensure that all activity is accurate.

6. Protect your credit card from a data breach

Remember not to store your card details on any website or mobile app. This is the first step towards protecting yourself and your credit card from a data breach.

Additional read: How to change your credit card PIN

Protect yourself from credit card fraud and get a credit card from a good lender who will assist you during a worst-case scenario.

The Credit Card by RBL Bank and Bajaj Finserv offers several safety measures against online fraud. Apply for a credit card and enjoy a range of special offers and benefits.

You can also find out your offer from Bajaj Finserv to save a lot of time. Just enter your basic details and check out your offer to get instant financing.

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