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A CREDIT/DEBIT card is more precious than the
cash in your wallet. You may be carrying a few thousand rupees in your
wallet, but the credit limit on your card may be running into lakhs! Any
misuse of your card could cost you a fortune.
Nowadays fraudsters can cheat you in many ways. They can:
1.Use card reader machines to capture all the important data stored on the
card’s magnetic tape to make a duplicate card.
2.Use skimming machines to read the data on your card and use it for
online shopping where you don't need to swipe the card, just fill-in the
relevant details.
3.Steal the discarded statements, charge-slips or any other documents, and
misuse the information in perhaps getting a new credit card at a new
address.
So even though the original card is safe with you, fraudsters may be
shopping at your expense.
Now here is a way of protecting yourself. Click here
for details.
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