Is it okay to share a card number?

Protecting Your Credit Card: A Guide to Safeguarding Your Sensitive Information

In today’s digital age, credit cards have become an indispensable part of our financial lives. However, with the convenience of using plastic comes the responsibility of protecting our sensitive payment information. Unfortunately, credit card fraud is a prevalent issue, making it crucial for us to take proactive measures to safeguard our data.

Never Share Your Card Number

The most important step in protecting your credit card is to never divulge your card number to anyone. This includes both the physical card number and the virtual card number (VCN) that may be provided for online transactions. Sharing your card number, even with trusted individuals, puts your financial security at risk.

Protect Your Expiration Date and CVV/CVC

In addition to your card number, it’s equally important to keep your expiration date and CVV/CVC (Card Verification Value/Code) confidential. These details are often required for online and phone transactions and should never be shared over email or text message.

Avoid Leaving Your Card with Others

As much as possible, avoid leaving your credit card with others. If you need to temporarily entrust your card to someone, ensure that you remain present during the transaction and retrieve your card immediately afterward.

Utilize 3D Secure for Online Payments

3D Secure is a security protocol that adds an extra layer of protection to online payments. When you make a purchase with 3D Secure enabled, you will be prompted to enter a one-time passcode (OTP) that is sent to your registered mobile number. This OTP ensures that only the authorized cardholder can complete the transaction, reducing the risk of fraudulent activities.

Additional Precautions

• Monitor your credit card statements regularly for any unauthorized transactions.
• Report lost or stolen cards immediately to your credit card issuer.
• Use strong passwords and two-factor authentication for your online banking accounts.
• Be wary of phishing scams that attempt to trick you into revealing your credit card information.

By adhering to these guidelines, you can significantly reduce the risk of credit card fraud and protect your financial well-being. Remember, safeguarding your credit card information is an ongoing responsibility, and vigilance is key.