Credit Cards are financial tools that let you purchase products and pay bills on credit. You can then repay the utilised credit later. While the best Credit Cards can make shopping convenient and easy, you also need to be vigilant about the safety measures you take while using your card to shop. If you are unsure, the following tips could help you shop safely with your Credit Card:
Avoid public Wi-Fi
Typically, networks available in public places are not secure. Hence, when you enter your Credit Card details on such networks, it may be risky. You also cannot rely on it to enter your Credit Card PIN. Hence, when you shop online, do it using your computer and a secure internet connection. But if you use it elsewhere, like a cybercafé, use a virtual keyboard instead. Such keyboards let you enter your PIN by clicking them instead of typing it.
Stick to trusted websites
When you enter the URL, always look for ‘https’ in the browser’s address bar. This means that the website you are using considers encryption to keep information safe. You should also avoid clicking any links in emails that redirect to shopping websites. Instead, enter the URL of the website manually to make sure you do not end up on a fraudulent website.
Sign your card
When you sign on the back of your Credit Card, it adds another layer of safety. The merchant is usually expected to match the Credit Card signature with that of the sales receipt and an ID proof. The merchant may not swipe your Credit Card if you have not signed it.
Keep the PIN secure
Today, you can easily apply for a Credit Card online. Once you receive your card, keep your personal identification number or PIN a secret. Do not write it down anywhere. This is because no matter how secure it is, there is always a possibility that it may fall into the wrong hands. So, memorise it. You should also change your PIN immediately if you detect any suspicious activity.
Avoid storing card details online
While it is generally convenient to store your Credit Card information online, doing so may expose you to the risks associated with identity theft. Instead, enter the details every time you shop or pay using your Credit Cards online.
Compare receipts
To make sure you have not been wrongly charged or overcharged, save the receipts you get. Then, compare the receipts to your billing statement to make sure they match.
Conclusion
The ease of shopping with your Credit Card can be tempting. However, you need to follow basic precautions like keeping your PIN secure, using only trusted websites to shop, and avoiding public Wi-Fi when purchasing anything.