5 Tips for Safe Online Shopping when Using Credit Cards

With attractive online deals and offers, you cannot resist buying things online. Moreover, shopping online saves time, and you can switch between multiple stores without leaving the comfort of your home. 

One of the most convenient ways of paying for your online shopping is through the use of a credit card. However, with growing incidences of credit card frauds in online transactions, you might find it a risky mode of payment. 

In 2015, it was reported there were over 30,00,000 instances of cyber crimes, of which credit and debit card frauds topped the list. These statistics could make you wary of online shopping using your credit card. However, with a fair bit of cautionary practice, it is safe to use your credit card online. In this article, we are going to share with you some safety tips to safeguard you from online scams when using credit cards.

1.Purchase only from Trusted Websites

When you shop online with your credit card, it is imperative that you purchase only from sites that you know and trust. You will come across numerous websites promising massive discounts, trendy designs and fast delivery but before you get lured by such websites, check for its security features. Carefully look at the website’s URL to ascertain its genuineness. A trusted website would begin with the word “https” which indicates that the site transfers data via a secure connection. Another way to ensure that the website is secure is by looking for a lock icon in the address bar before the URL or in the lower right corner of the website.

Also, while visiting any website, type its URL in your internet browser rather than clicking a link from your e-mail. This is because some links could direct you to a fake website made for the sole purpose of stealing your credit card information.  

2.Never save your Credit Card Details on any Website

Many websites provide you an option to store your credit card details online for one-click checkout and faster payment process. Although it may seem tempting, storing your card details on a website exposes you to potential threats and fraud. Hackers can easily access this information and can put you at risk. Therefore, it would help if you refrained from doing this even though it is tedious to enter the same details everytime you purchase something from the website. 

Also, when you get a pop up from your browser asking, “do you want to remember the password for this website”, click “no”. 

3.Regularly Scrutinise your Credit Card Statements

It is advisable to check your credit card statements regularly. To be on a safer side, you can glance through your account after every purchase to spot any fraudulent activity and take quick action. You must also note that most credit card companies give a period of 30 days to be notified of any fraud, unusual charges or misuse regarding your credit card. Beyond this period, credit card companies may not entertain complaints, and you would have to bear the loss. 

4.  Avoid Using open WiFi Networks

Another tip on how to use a credit card for shopping is to refrain transacting with your credit card using open public WiFi networks. It could increase the likelihood of credit card fraud as public WiFi networks are insecure and do not have safety features such as spyware and malware. 

The information you use to access, enter or store your credentials is readily available to hackers using the same open WiFi network. Therefore, it is a good idea to avoid making online purchases using your credit card while using a public hotspot when at an airport, coffee shop, restaurant, hotel, etc. Make it a practice to shop online using your credit card only in a secured network. 

5.Create a Strong Password

Having a strong password is a necessary step to keeping yourself safe during online shopping. It is advisable to maintain separate and distinct passwords for each shopping website, bank, credit card, debit card, etc. This can ensure that even if one of your passwords is hacked, your other passwords remain safe. 

Create a strong, hard-to-decipher alphanumeric password that includes a combination of unique characters, upper and lower-case letters. Also, make it a habit to change your password regularly, at least once in three months.

Additional tips on safe online shopping using a credit card

● Protect your laptop/computer from viruses and hackers using anti-virus software and safety guards.

● Beware of websites asking for your credit card pin. 

● Activate the facility of SMS alert on your mobile phone for every credit card transaction. 

Be careful when using a credit card online

Online shopping is convenient but can becom an unpleasant experience because of growing credit card scams. Using your credit card with a few precautions can ensure safety from fraud and misuse. 

While applying for a credit card, don’t just pay attention to the fee, interest rate, credit limit and reward programs, also ask for its security features. Apply for a credit card from a company that offers utmost security along with the card. 

For example, the Bajaj Finserv RBL Bank SuperCard offers enhanced safety features like ‘in-hand security’ and ‘zero-fraud liability cover’ to mitigate threats of cybercrime. The RBL credit card offers other features like interest-free cash withdrawal from ATM, affordable charges, instance approval process, emergency loan and exciting reward program. 

Moreover, there are various pre-approved offers on credit cards, personal loans, home loan, business loans and a host of other financial products which benefit you by saving your time and simplifying the process of availing finance. Check out your pre-approved offer now.