Mrs. Kumar is an avid shopper. She uses her credit card to make transactions regularly on ecommerce websites and also has her credit card information saved on most of her favorite ecommerce stores. This enables her to pay for her purchases conveniently and securely. However, in the wake of an increasing number of financial frauds, she is now worried about how secure all these transactions really are. She wonders if there is any risk of financial fraud and what all she can do to avoid becoming a victim of financial fraud.

This has become quite a real problem where online transactions have increased drastically.  It becomes all the more important to handle these transactions and our credit information in a way that you don’t become a target of cyber-attacks.

Here are a few tips that one should always follow to ensure financial safety whenever using a credit card.

Use your credit card only on websites you trust

Today, there are many ecommerce websites out there selling all kinds of stuff. However, not all of them are credible. You should always make transactions using your credit card on credible and trustworthy websites only.

Don’t go on submitting your credit card information at random websites that may very well be a front for a cyber-attack.

Avoid shopping on public WiFi

Making transactions on any network that is public is never a safe option. This is because hacking a personal device connected to a public network is always easier as the connection is not secure. So, always avoid shopping when connected to a public WiFi. Use only your personal device and a secure network to make credit card transactions.

Keep your PIN and password safe

This one is a no-brainer. Always keep your PIN and password secure. If you have written it down somewhere or saved it somewhere, make sure that no one else knows about it. Do not save your PIN on any of the websites and avoid saving it on your computer.

Opt for Tokenization of Cards

The payments industry has been abuzz with the term tokenization, which is set to add an extra layer of protection to your sensitive data, thereby preventing online frauds and data breaches. Card tokenization is a unique process in which your card details are converted into a unique token specific to your card. When you opt for tokenization, you have to enter your card details and opt for tokenization at the time of check-out after online shopping. The merchant will forward the token to the respective bank or card network. The token is generated and sent back to the merchant. The next time you make an online payment, you will only see the last 4 digits of the card number on the merchant website/app. Just select the card basis the last 4 digits, enter the CVV and proceed with the payment.

Immediately inform your bank if you lose your credit card

If you ever lose your credit card, it is very important that you inform your bank immediately and get it blocked. This will avoid any unauthorized transactions on your credit card.

Bottom line

While credit cards are a boon, it is equally important to be aware of the dos and don’ts when using a credit card. The tips mentioned above are especially important for people who have just started using credit cards and might not be aware of the dangers associated with using a credit card.

If you are in need of a credit card, apply for a new credit card online in just 3 steps, click here.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

Credit cards are no more a luxury item. The numerous advantages and the financial cushion that it provides in case of an emergency are some of the reasons why credit cards have become a necessity. However, we believe a credit card can be much more than that. This is what inspired us to reimagine what a credit card can be and IndusInd Bank introduced it’s top-of-the-line PIONEER Heritage Metal Credit Card, exclusively for our PIONEER members. 

IndusInd Bank PIONEER Heritage Metal Credit Card

The IndusInd Bank PIONEER Heritage Metal Credit Card is a unique credit offering for our PIONEER customers.  The card comes with handpicked features, privileges and benefits that sets it apart from all other credit card offerings in the market. From no late payment charges and zero cash withdrawal charges to the lowest foreign currency mark-up, unlimited Airport Lounge access, unlimited free Golf Games and a 24*7 concierge service, IndusInd Bank PIONEER Heritage Metal Credit Card is sure to set you apart and make you feel special.

Features

Some of the most prominent privileges that you will enjoy as a PIONEER Heritage Metal Credit Cardholder include:

• Unlimited International Airport Lounge Access for the entire Family: You heard that right. As PIONEER Heritage Metal Credit Card owner, you can enjoy Unlimited Complimentary visits in participating Airport Lounges across the globe, for self and all add on card holders.
• Unwind on a Golf Course: Love Golf or not knowing the game yet? Don’t worry, you can enroll for unlimited complimentary games and lessons at select prestigious golf clubs across the country.
• Complimentary Best Seats in the house : PIONEER Metal Heritage Credit Card has got your entertainment covered with free luxury class tickets. Enjoy 4 complimentary movie tickets worth ₹1000 each per quarter on BookMyShow in India for the best possible experience! 
• No late payment fee: You won’t have to worry about missed payments and paying exorbitant amounts of late payment fee. In fact, this is the only credit card in the industry that does not charge late payment fees and levies no over limit charges.*
• No Cash Advancement or Withdrawal charges: A major pain point with most credit cards is the high amount of charges that you need to pay on cash withdrawals. With the PIONEER Heritage Metal Credit Card, you won’t have to worry about them any longer. Enjoy free cash advancement/withdrawal facility with this unique credit card offering.*
• Faster non expiring Reward Points: Earn 1 reward point on every 100 rupees spent on the PIONEER Metal Heritage Credit Card, with each reward point equivalent to 1 Rupee. The most amazing thing is that there is no expiry date for these reward points. You can encash them or redeem against a host of premium options.
• Low foreign currency mark-up: For people who need to travel frequently for work or leisure, this card has some special advantages for you. Now, you can enjoy low foreign currency mark-up of only 1.8% and also earn 2.5 times the reward points for every international transaction
• 24/7 Concierge Service: Enjoy 24/7 assistance on all kinds of lifestyle requirements with hotel bookings, flight bookings, and much more

Eligibility

The IndusInd Bank PIONEER Heritage Metal Credit Card is an exclusive offering for our PIONEER members. To be eligible for this unique credit card, you would need:

• A PIONEER savings or current account with an average quarterly balance of Rs. 10,00,000 (group-based) and above
• Or, a Net Relationship Value of Rs. 30,00,000 (group-based) and above with an average quarterly balance of Rs. 1,00,000 or above in savings or current account

Here, the Net Relationship Value includes relationship value with the bank over the last 3 months across the following products:

• Current/Savings account
• Fixed deposits
• Mutual Funds AUM with IndusInd Bank
• Demat Account’s Holding Value
• Insurance premiums for policies live and in force

Last words

So, what are you waiting for? Reimagine what your credit card can be and apply for a IndusInd Bank PIONEER Heritage Metal Credit Card today right here.

*Interest charges will be applicable. Please consult your Relationship Manager for details. 

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.