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Finance

10 Tips for Using Your Credit Card Online Safely

With most of our life being online, we tend to spend a lot of time on our phone shopping for even the most trifle things. And the fastest way to deal with the payment for our many miscellaneous purchases is through online credit card transactions.

With the amount of cybercrime that is happening around the world every day, it is a necessity to be safe with your personal information and bank data.

If you have read some of our articles, you would know that at cashbytes.org we provide smart financial safety advice. In this article, we have explained 10 of the best online credit card safety practices that you should look out for from day one.

Virtual Account Number

Have you ever heard about virtual account numbers? Virtual account numbers or VANs are a smart way of keeping your data safe. It is a unique 16-digit number that is viable only for one transaction. This will keep your actual account number private and safe from any third-party websites or hackers.

Ask your bank to see if they provide this service. A VAN can be set for a particular transaction, merchant, or even a specific time period. This keeps your online information secure while also keeping your bank data up to date.

Strong Passwords

This goes without saying. You must use strong passwords for all of your online gateways. A strong password is ideally a combination of uppercase and lowercase letters, numbers, and symbols. You can also use phrases that are significant for you. But make sure not to use repeat passwords or easily accessible personal information such as birth dates.

Use Secure Sites

Secure sites are a confirmation and a step in the right direction. This is not an all-proof way of keeping your data safe but it is definitely better than using unsecured sites. Notice the full web address of the sites you use. https:// is secure while http:// is an easy target for hackers.

No Public Wi-fi

Public wifis are a sure-fire way of getting your data leaked. Public wifis are commonly found in cafes, airports, shopping malls, etc. So many of us log in on these networks without thinking twice.

But lots of hackers with ill intent pry on public networks to get into your personal data. A hacker can intrude between your computer and your router and use the unencrypted data being transferred. This means all of your card information is open for the hacker to use and abuse.

The biggest data breaches happen through unsafe network connectivity. So make sure you always use private and secure networks to browse on devices that have your personal data.

Shop from Trusted Retailers

The biggest online requirement of a credit card is their usage on eCommerce sites. In today’s time, almost all of us use online shopping way more than physical shopping. That means this is also the biggest scope for your personal data to be stolen.

Make sure you are buying from trusted and known sites. Do some research about your retailer before putting in your card details. Look at the web design. If the website looks unprofessional and sketchy, don’t shop from there.

Use Online Payment Systems

Use online payment systems such as PayPal, Apple Pay, Android Pay, etc. to manage your online transactions. This will keep your personal bank data safe while also keeping your online shopping experience smooth.

Stay Updated

Our operating systems and software are constantly being updated to make our experiences better and our data securer. If you don’t keep up with these updates you make yourself vulnerable and more exposed to hacking risks.

To be safe and practice your best online credit card safety, make sure you stay updated on all your devices.

Make All of Your Devices Secure

Most of the time we are mindlessly using our cards through both our computers and our mobile devices. And while we protect our computers with antiviruses and other safety measures, we forget so when it comes to the smaller screen.

Let’s not forget how much we all get into impulse buying at midnight on our mobile phones. So to be on your safest side, make sure you protect your mobile privacy as well.

No Auto Fill-ins

A lot of us tend to have this annoyance of having to type in the same information over and over. And for that, auto fill-in systems seem like an easy fix. However, this is a big way that can hamper your credit card safety.

No matter how frequently you shop from a merchant or retailer, never let any of your personal information be saved on any retailer’s website. Make sure to type in your information every time you make a new transaction. This helps in keeping your data secure and out of harm’s way.

Keep Track of Your Receipts

Always print or take a screenshot of the payment you just made. Compare these details with your bank statement to make sure the amounts or charges are the same. If you notice any incoherence or mismatch in the numbers, immediately inform your bank about the suspicious charges.

Conclusion

You can never be absolutely sure that all of your online data is secure. There will always be chances for possible breaches. But all that being said, credit cards are the safest method for online transactions. Credit cards offer more protection against fraudulent occurrences than debit cards.

Generally, it is safe to input your credit card information while purchasing things online. But you can never be too safe. So, we still recommend that you practice all of the above-mentioned safety advice for the safest and smoothest experience of online shopping.