debit or credit card
The use of Debit-Credit cards has increased rapidly. We all use debit or credit cards for shopping and withdrawing money. With the increase in the use of debit or credit cards, cases of fraud have also increased rapidly. However, by knowing some tricks, this fraud can be stopped and one can remain tension free. If you use credit/debit cards, read on to know how you can keep your hard-earned money safe by controlling your credit and debit card usage.
set transaction limits
Most banks allow you to set transaction limits on your credit and debit cards. This means you can control the maximum amount you can spend through your credit or debit card in a day. You can set specific limits for your domestic and international transactions. These limits can be increased or decreased at any time, and take effect immediately.
Set limit for ATM withdrawals
You can set individual limits on the amount you can spend on online purchases, Tap & Pay, merchant payments and ATM withdrawals. You can set these limits through your bank’s website, mobile application, ATM or even by calling the IVR (Interactive Voice Response) customer hotline. If there is any change in the limit status of your card, you will be immediately informed via SMS or email.
Block card from app
If your card is lost or stolen you can block it instantly from your mobile app. You can also do this work with the help of customer care. By doing this you can prevent fraud even if the card is stolen.
protect yourself from fraudsters
If your debit or credit card is stolen, the amount withdrawn will be limited to your daily limit. Fraudsters will not be able to withdraw all the money from your bank account at once, because due to the limit they will not be able to withdraw more money than the limit set by you in a day. In this way you can protect yourself from fraud. Even if your card is stolen or lost, you will not face much trouble.
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