Debit-credit card Its use has increased rapidly. We all use debit or credit cards to purchase and withdraw money. With the increase in the use of debit or credit cards, cases of fraud have also increased rapidly. However, by knowing a few tricks, this fraud can be stopped and one can remain tension-free. If you use credit/debit cards, read on to learn how you can keep your hard-earned money safe by controlling the use of your credit and debit cards.
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 may be increased or decreased at any time and will be effective 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 app, ATM, or even by calling the IVR (Interactive Voice Response) customer service line. If there is any change in the status of your card limit, you will be informed immediately via SMS or email.
Block card from the 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 service. By doing this, you can avoid fraud even if your card is stolen.
protect yourself from scammers
If your debit or credit card is stolen, the amount withdrawn will be limited to your daily limit. Scammers 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 one day. This way you can protect yourself from fraud. Even if your card is stolen or lost, you won’t have much trouble.
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