Protect Your Money
Chandan Singh
| 30-12-2024
· News team
Hello, Lykkers! With the holiday season in full swing, many of us are out shopping, traveling, and enjoying festivities. But while it’s a time of joy, it’s also a time when scams and thefts are on the rise.
To help you protect your finances and keep your wallet safe, Visa has shared some essential tips. Let’s dive into these tips and ensure that this holiday season is filled with only good memories!
1. Use Secure Payment Methods
Whenever possible, opt for secure payment options like credit or debit cards, especially those with contactless payment features. These cards often have added protection against fraud and are safer than carrying large amounts of cash.
2. Keep Your Cards in a Safe Place
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Whether you’re shopping online or in-store, always keep your cards in a secure location. Avoid placing them in easily accessible spots like back pockets or purses left unattended.
3. Monitor Your Transactions Regularly
Make a habit of checking your account transactions frequently, especially during the busy holiday season. This allows you to spot any unauthorized charges quickly and report them to your bank or card issuer.
4. Be Cautious with Online Shopping
Ensure that the websites you’re shopping on are secure (look for “https” in the URL). Stick to reputable stores and avoid clicking on suspicious links or offers that seem too good to be true.
5. Enable Fraud Alerts
Many banks and credit card companies offer fraud alert services, notifying you of unusual account activity. Enable these alerts to stay informed and act swiftly if something looks suspicious.
6. Avoid Public Wi-Fi for Transactions
Public Wi-Fi networks can be a hacker’s playground. When shopping online or accessing sensitive financial information, use a private, secure connection or a VPN to protect your data.
7. Use Virtual Cards for Online Shopping
Some banks and financial institutions offer virtual credit cards for online purchases. These one-time-use cards are perfect for keeping your real card details safe and prevent unauthorized transactions.
8. Shred Old Documents
During the holiday season, many of us receive bills, statements, or new credit card offers. Be sure to shred old or unwanted documents that contain personal information to prevent identity theft.
9. Stay Alert at ATMs
When withdrawing cash, be mindful of your surroundings. If the ATM looks suspicious or seems tampered with, don’t use it. Always cover the keypad while entering your PIN.
10. Notify Your Bank of Lost or Stolen Cards Immediately
In case of a lost or stolen card, immediately report it to your bank or card issuer to prevent any fraudulent charges. The quicker you act, the better chance you have of minimizing potential loss.
How to spot scams and protect your wallet this holiday season
Video by KRIS 6 News
Lykkers, the holiday season should be filled with happiness, not financial stress. By following these 10 tips from Visa, you can protect yourself from fraud and theft, ensuring a worry-free holiday experience. Stay vigilant and enjoy the festivities!
Have you already taken steps to secure your wallet this holiday season? Share your tips with us!