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Adopting these practical measures can significantly reduce the risk of fraud and provide peace of mind to users navigating the increasingly digital financial landscape
Never share your card number, CVV, or PIN with anyone.
As digital payments soar across the country, credit cards continue to hold their ground, offering users a mix of convenience, rewards, and exclusive privileges. However, with growing usage comes a heightened risk of fraud, prompting experts to urge cardholders to exercise caution and remain vigilant.
Banks and financial institutions often entice customers with cashback offers, discounts, and airport lounge access, but these perks can also make users a target for cybercriminals and fraudsters. Financial advisors stress that safeguarding card details is now as critical as managing finances.
Here are 5 ways to protect your credit card from misuse:
1. Guard your card information: Never share your card number, CVV, or PIN with anyone. Banks do not ask for these details over phone calls or emails, so any such requests should be treated as suspicious. Regularly reviewing statements and reporting unfamiliar transactions immediately can prevent potential losses.
2. Exercise caution while shopping online: Make payments only on secure websites with “https” in the URL and avoid using public Wi-Fi for transactions. For added security, consider using virtual credit cards that mask your real card details during online purchases.
3. Enable transaction alerts: Most banks provide SMS or email alerts for each transaction. Activating these notifications ensures instant awareness of unauthorised activity, allowing prompt action.
4. Leverage bank security features: Modern credit cards come with multiple security options, including two-factor authentication, spending limits, and biometric verification. EMV chip cards, which are more secure than traditional magnetic strip cards, should be preferred wherever possible.
5. Keep your card physically secure: Always retain possession of your card and never let anyone else use it. Stay alert for skimming devices at ATMs or point-of-sale terminals. Additionally, dispose of old statements and receipts securely by shredding or cutting them.
As the country embraces both UPI and credit card transactions, adopting these practical measures can significantly reduce the risk of fraud and provide peace of mind to users navigating the increasingly digital financial landscape.
October 23, 2025, 15:16 IST
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