Having your credit card compromised is a highly unwanted situation. It not only stresses you out mentally but also leaves your finances vulnerable at the hands of culprits. To avoid a sticky situation such as this you must know of some smart tips to save yourself and your card.
Personalize the credit card - as soon as you receive your credit card make sure to sign the back of your card. This ensures that the card is yours and no one else is able to use it unless you want them to such as your family member.
Fraud alert - you can set up ‘initial’ and ‘extended’ fraud alert on your RBL credit card. With this, the lender will inform you via call, email or SMS of any unusual activity. The alert helps you identify fraud either occurring or has happened recently and pushes you to block the card to save you from the same.
Save details carefully - the information of your credit card especially its pin number is an important tool to authenticate transactions. Hence, at all times make sure to
One of the ways to settle a huge outstanding on your credit card is to opt for a balance transfer. It is a recommended option as it not only lowers your EMI but saves you from paying the additional rate on the card, as well. But, before getting started keep these important pointers in mind -
In order to be eligible for a credit card balance transfer you must have a good or an excellent credit. Where, recency and frequency of payments is take into consideration. And especially the recent missed dues can negatively affect your chances of being approved for a transfer. Even for a 0% introductory rate or approval for enough credit to have your balance transferred.
Additionally, most credit card balance transfers charge a fee and may even levy an annual fee on the credit card. Such costs and the time taken to clear off the outstanding dues on your credit card payment may negate any interest savings you may be eligible for with the balance transfer.
Most importantly as you are required to
