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How Can I Safely Use My Credit & Debit Cards?

Adhil Shetty

What are the risks associated with using plastic money? How can they be reduced? — Naveen B.


With the increase in usage of credit and debit card transactions, chances of fraud have also increased. Take the undermentioned precautions, you can ensure a  very high degree of safety for your card.

  • When using your card, memorize your CVV number printed on the back of the card and delete it from the card.
  • Never share card details with anyone.
  • Memorize your PIN and never share with anyone.
  • Change your PIN periodically.
  • Use card at trusted merchants only.
  • Never let the card go out of your sight. It takes a few seconds to clone the card.
  • Check your card statement regularly.
  • Activate transaction alerts on your card transaction.
  • Turn off international usage on the card unless you need it often. You can reactivate it anytime by requesting your customer care or by using the bank’s app.
  • Don’t give your mobile phone registered with the card company in the hand of an unknown person.
  • If you find any unusual transaction on your card, immediately report it to the customer care and block your card immediately.

Have a question on personal finance? Ping me on Twitter at @adhilshetty with the hashtag #AskAdhil.