Dr. Kavita
Credit cards have made life much easier for those who use it. These plastic cards have ensured that you need not carry wads of cash everywhere you go. But sadly, sometimes credit cards become a source of heartburn for many consumers; thanks to the credit card scamsters who roam around the free online world.
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What does credit card scam mean?
Credit card scams usually entail fraudsters gaining unlawful access to the information on your credit card. They then use this information to conduct purchases that are then billed to your card.
How do these scams happen?
These scams could take shape in many different ways. Sometimes you hand over your credit card to a waiter at a restaurant and he says that he has to take it to the billing counter to be swiped. But en route to the billing counter, he manages to click a photo of the card and its details and stores it away for further use. Simple, right! It may not be prevalent but it is certainly a possibility.
Or you could be conned into giving your credit card details on phone to some company promising a “too good to be true” service or offer.
The computer which you have used for your credit card transactions online could have malware installed on it and which phishes your details and passwords etc. This can happen with both public computers and your personal home computer, if you have not installed adequate protection against such phishing attempts.
How can you protect yourself from a credit card scam?
The first step to protecting yourself from credit card scams is to be aware and stay alert. Never ever lend your credit card to anyone. Even if it is a loved one, they may not take the same care as you would there is a chance that the credit card information could be stolen due to such negligence.
Never reveal your credit card details to anyone on phone or in person or online unless you are very sure about their identity and intention. Be extra vigilant when shopping or using your credit card online. Make sure that the website where you conduct your online transaction has SSL security certification and protection.
Do not let your credit card get out of sight even for a minute when conducting transactions in shopping malls or restaurants.
Do not keep your credit cards in your wallet; instead find a different and safe location for them. Thieves and pickpockets aim for the wallet, so it is better to avoid taking this risk.
Always write down or save the credit card details and the emergency phone number that you are supposed to call in case of theft of the card in a secure and easily accessible location, so that you can act swiftly in the event of loss.
Credit card scams are very common nowadays and nothing is going to help you if you think that such things will not affect you. Stay alert and proactively use the tips above to avoid being conned.
Click here to compare credit card offers and also review prepaid options for your safety
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