Ways to Avoid Credit Card Fraud

While credit cards are a dream come true for many people, falling prey to a credit card fraud can be a serious issue. The banks will always alert you about the different types of frauds that might happen on the card. It is always better to know the different tips on how to avoid card fraud. 

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Some tips are :

• Security software: If you generally access your credit cards online, it is imperative to install security software on your computer. Whenever you visit any site, there might be a malicious website, which might just try to open. However, when you have security software, the site will be blocked by a firewall. This malicious site might just capture your credit card login details, which can be used for any fraudulent transaction.

• Notification to the card issuer: You should always update your latest information with the card issuer. The credit card issuer should have your residential and billing address and phone number. With the introduction of e-bills, it is very important to update your latest email address with the card issuer. If the wrong address is given, your credit card details might just fall into the wrong hands.

• Password and pin protection: With RBI’s regulation for the requirement of pin for all swipe transactions, fraudulent transactions on credit cards at the merchant’s place have dropped. However, you will still need to ensure that your passwords and pin numbers are strong enough. While it might be difficult to remember all of them, it is necessary for you to keep on changing them once every month. Always make long passwords with more than 8 characters. The longer the password, the more secure your credit card will be against fraud.

• Travel decisions: Always inform your bank about your travel plans. In case you are travelling to a foreign country, do let them know. This will ensure that you’re the credit card issuer knows about your whereabouts. Apart from this, they will not block any transaction on the card in case it is a huge amount. Banks block or confirm different foreign currency transactions to safeguard their customers from fraud.

• Receipts of your credit cards: There are many people who throw away their credit card receipts. However, you should store them with you so that you can verify it against your billing statement. If you see any unfamiliar transaction on the statement, you should contact your card issuer immediately to get it checked.

• Avoid phishing mails: No card issuer or bank will send emails to you asking for the credit card details. Hence, if you receive any such mail then delete it at once. These are phishing mails that scammers generally send to get the login details for your credit cards. Never click on any link that you do not recognize. Also, never sign in to any account that was sent to you through a link on email especially by an unknown source. If the link has come from someone you know then cross check with them before proceeding.

All the above tips can surely help you avoid credit cards fraud at all times. However, one of the best tips is to keep your eyes and ears open. Being cautious while handling your card is the best way to avoid any financial fraud.

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Benefits of Using Axis Bank Credit Card

Credit cards, in the recent years, have brought a revolutionary change in the face of business. With the entry of these cards, consumers’ spending habits have drastically changed, giving them an easy access to money. Credit cards have become a very useful tool for building credit for various purposes, when used responsibly. Banks are using lucrative offers to attract the customers to tap the growth opportunities in this sector.

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 Axis Bank Credit Cards

Axis bank, which is India’s third largest private bank, offers a range of financial services for all the segments, age and income profiles. Axis Bank Credit Card is one card that suits all your needs and comfort and offers exciting benefits and rewards for its loyal customers. The various benefits of axis bank credit cards are:

• Global Acceptance: Axis bank credit cards are globally accepted at over 23 million merchant establishments world-wide which helps the customers to buy in any currency across the world and pay later in rupees.
• Mobile Alerts: Customers using the axis bank credit card have the option to subscribe to enhanced mobile alerts and receive regular updates of their card account.
• PlusPoints Rewards: PlusPoints are a great way to earn rewards on every transaction you make using axis bank credit card. These points, when accumulated can be redeemed for various offers launched by the bank. Usually, one earns 2 points for Rs 100 spent on international transactions and 1 point for Rs.100 spent on domestic transactions.
• Exclusive Benefits: Each credit card is linked with their exclusive benefits to make it more lucrative for that segment of people. For e.g., fuel surcharge refund of 2.5%, complimentary movie tickets, discount on shopping, travel, etc.
• Revolve Facility: Axis Bank also offers extended credit facility to its premium customers owning their Signature Credit Card. This facility gives the customers an option to buy any product and pay in easy installments to the bank.
• Interest Free Period: Axis bank credit card holders are also entitled to up to 50 days free credit period on their purchases without any finance charge being levied to their card account.
• Auto Debit Facility: This facility gives the customers an added convenience of paying their monthly card bills directly through the Axis bank account.
• Balance Transfer: Balance transfer facility helps you transfer any balance from other cards to Axis bank credit card at a special rate.
• EMI Facility: By using an axis bank credit card, customers’ have the convenience of paying for high value transactions in easy EMIs.
• Cash Advance Facility: Axis bank gives privileges to its premium customers to withdraw cash (30% of the credit limit) from any ATM around the world.
• eShop Card: This card is an additional virtual card given to the card holders for secured online shopping as in this scenario, they will not be required to give their credit card details.

As an Axis bank credit card holder, one not only benefits from the credit facility, but also enjoys the best of all worlds as it offers exciting deals and schemes on all the categories making the experience more valuable. Additionally, this bank has also tie-ups and participates with various outlets to grab the best deals for their customers.

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