{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/credit-card\/how-to-ensure-financial-safety-while-using-credit-card\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/credit-card\/how-to-ensure-financial-safety-while-using-credit-card\/","headline":"How to ensure financial safety while using credit card?","name":"How to ensure financial safety while using credit card?","description":"Mrs. Kumar is an avid shopper. She uses her credit card to make transactions regularly on ecommerce websites and also has her credit card information saved on most of her favorite ecommerce stores. This enables her to pay for her purchases conveniently and securely. However, in the wake of an increasing number of financial frauds,...","datePublished":"2022-07-06","dateModified":"2024-08-28","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/#Person","name":"IndusInd Bank","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/financialsafety.jpeg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/financialsafety.jpeg","height":400,"width":1060},"url":"https:\/\/www.indusind.com\/iblogs\/credit-card\/how-to-ensure-financial-safety-while-using-credit-card\/","about":["Credit Card"],"wordCount":918,"keywords":["credit card"],"articleBody":"Mrs. Kumar is an avid shopper. She uses her credit card to make transactions regularly on ecommerce websites and also has her credit card information saved on most of her favorite ecommerce stores. This enables her to pay for her purchases conveniently and securely. However, in the wake of an increasing number of financial frauds, she is now worried about how secure all these transactions really are. She wonders if there is any risk of financial fraud and what all she can do to avoid becoming a victim of financial fraud.This has become quite a real problem where online transactions have increased drastically.  It becomes all the more important to handle these transactions and our credit information in a way that you don\u2019t become a target of cyber-attacks.Here are a few tips that one should always follow to ensure financial safety whenever using a credit card.Use your credit card only on websites you trustToday, there are many ecommerce websites out there selling all kinds of stuff. However, not all of them are credible. You should always make transactions using your credit card on credible and trustworthy websites only.Don\u2019t go on submitting your credit card information at random websites that may very well be a front for a cyber-attack.Avoid shopping on public WiFiMaking transactions on any network that is public is never a safe option. This is because hacking a personal device connected to a public network is always easier as the connection is not secure. So, always avoid shopping when connected to a public WiFi. Use only your personal device and a secure network to make credit card transactions.Keep your PIN and password safeThis one is a no-brainer. Always keep your PIN and password secure. If you have written it down somewhere or saved it somewhere, make sure that no one else knows about it. Do not save your PIN on any of the websites and avoid saving it on your computer.Opt for Tokenization of CardsThe payments industry has been abuzz with the term tokenization, which is set to add an extra layer of protection to your sensitive data, thereby preventing online frauds and data breaches. Card tokenization is a unique process in which your card details are converted into a unique token specific to your card. When you opt for tokenization, you have to enter your card details and opt for tokenization at the time of check-out after online shopping. The merchant will forward the token to the respective bank or card network. The token is generated and sent back to the merchant. The next time you make an online payment, you will only see the last 4 digits of the card number on the merchant website\/app. Just select the card basis the last 4 digits, enter the CVV and proceed with the payment.Immediately inform your bank if you lose your credit cardIf you ever lose your credit card, it is very important that you inform your bank immediately and get it blocked. This will avoid any unauthorized transactions on your credit card.Bottom lineWhile credit cards are a boon, it is equally important to be aware of the dos and don\u2019ts when using a credit card. The tips mentioned above are especially important for people who have just started using credit cards and might not be aware of the dangers associated with using a credit card.If you are in need of a credit card, apply for a new credit card online in just 3 steps, click here.Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.Share This:"}