As the number of people who use credit cards grows, so does the number of scams and fraud. Credit card fraud can happen to anyone at any moment. When using your credit card, you must be cautious. We'll provide you some advice on how to avoid credit card fraud in this article.
1. Check for fake tele-callers
Many people are scammed by fraudsters who phone them and ask for their credit card information. They give fraudsters their personal banking information, believing they have received a call from the bank, and they lose their money. One thing to remember is that banks will never call you and ask for your personal banking information. If you receive such a call, contact your local police station right once.
2. Beware of card skimming
There is a potential that criminals would implant card skimmers into POS machines, so be cautious while swiping your credit card in shopping malls, hotels, and pubs, among other places. Card skimmers allow fraudsters to gather your card information and exploit it to steal your money.
3. Hide the CVV code
The CVV of your credit card will be printed on the back of the card, on the signature panel. It's a three-digit code that confirms you have your credit card in your possession. To avoid identity theft, memorize your CVV and conceal it with permanent markers.
4. If you lose your credit card, report it right away.
If you lose your credit card, you should contact your bank or credit card issuer to have it blocked. You shall not be held accountable for any transactions that occur after contacting the bank.
5. Be cautious when conducting any transactions.
When you hand over your credit card to make payments, keep an eye on it. There's a danger that thieves will install cameras to steal your credit card information. If there are cameras in front of the POS, do not swipe your card.
6. Take a look at your credit card statement.
It's usually a good idea to keep track of your purchases, and you should go over your credit card statements before paying your payments. If you discover any anonymous transactions, you must notify the bank right away.
Do you have a grievance against a company? savefromfrauds, the complaint portal of www.savefromfrauds.com, can assist you in resolving the problem. Go to www.savefromfrauds.com and file a complaint.