In today’s digital era, credit cards are commonplace. In fact, there are additional digital tools that allow you to make the most of your credit cards. This can include online card management or making payments from your credit card through UPI. However, the convenience of using credit cards comes with its own set of risks. Credit card fraud is an ever-present threat. The fear of unauthorised transactions can be quite unsettling. There are many fraudsters that could exploit vulnerabilities. Understanding how to detect and prevent credit card fraud is crucial to protecting your financial health.

Understanding Credit Card Fraud

Credit card fraud occurs when someone uses your card details without your permission. Such individual can then make purchases or withdraw money without your authorisation. Credit card fraud can be of several types, including:

1. Phishing Scams

Fraudsters trick you into providing your card information through fake emails or websites.

2. Card Skimming

Devices installed on ATMs, POS machines, or fuel stations capture your card details when you swipe.

3. Identity Theft

Criminals steal your personal information to open new credit accounts in your name.

Each method of credit card fraud requires a different strategy to prevent a mishap and demands vigilance and immediate action to mitigate the risk.

How to Detect Credit Card Fraud?

Here are some ways to detect a credit card fraud to ensure immediate action:

1. Monitor Your Transactions Regularly

Frequent monitoring of your credit card transactions is beneficial for your financial health. It can keep you from incurring hidden charges and overspending. But it is also one of the most effective ways to detect fraud. IndusInd Bank provides easy access to check your credit card statements regularly. This allows you to review your transactions in real-time and report suspicious activity at the earliest.

2. Set Up Alerts and Notifications

Setting up transaction alerts can help you keep track of your credit card activity. Customise alerts to notify you of transactions. You can set a notification for transactions that exceed a certain amount. These notifications can act as an early warning system for potential fraud. With IndusInd Bank, you can receive instant updates about your card’s usage, providing greater visibility of your card usage.

3. Use Credit Card Fraud Detection Tools

Many banks offer sophisticated fraud detection tools. These credit card fraud detection tools use advanced algorithms to track your spending patterns and detect anomalies. For instance, the location of a transaction is also important. If your card is used somewhere far from your usual activities, the system may flag it for review. Such proactive measures can help catch fraud before it causes significant damage.

How to Avoid Credit Card Fraud?

Here are some ways to help you avoid credit card fraud:

1. Keep Your Credit Card Information Secure

The security of your credit card information starts with you. Never share your card details with anyone. When shopping online, ensure that the website is secure. You can look for “https://” and a padlock icon in the browser’s address bar. These indicators confirm that the site uses encryption to protect your data.

2. Avoid Using Public Wi-Fi for Transactions

Public Wi-Fi networks are often insecure. Making transactions while using public Wi-Fi leaves you vulnerable to hackers. Avoid making financial transactions or accessing sensitive information over public networks. If you need to use public Wi-Fi, consider using a Virtual Private Network (VPN). This allows you to encrypt your data and protect your privacy.

3. Report Lost or Stolen Cards Immediately

If your credit card is lost or stolen, report it to your bank as soon as possible. IndusInd Bank offers 24/7 customer support for such emergencies. Also, IndusInd Bank also has the Total Protect program. It is a credit card insurance program that protects your finances against unauthorised transactions on your credit card. The coverage amount for the program can be equal to your credit limit. Prompt reporting can halt further unauthorised transactions and prevent potential financial loss.

4. Use Credit Cards with Advanced Security Features

Opt for credit cards that offer enhanced security features. Cards with chip technology are often safer than traditional magnetic stripe cards. In addition, credit cards offer features like one-time passwords (OTPs) for online transactions. This provides an extra layer of security. IndusInd Bank offers a range of lifetime free credit cards. Lifetime free credit cards are an unsecured type of credit that does not have joining fees or annual fees. IndusInd Bank has many cards that come equipped with advanced security features to enhance your safety. They also have additional features and benefits. For example, IndusInd Bank’s Platinum RuPay Credit Card offers the feature of payment through UPI. Similarly, the EazyDiner Platinum Credit Card offers the option of contactless payments.

Also Read: What is Skimming of Credit Cards?

Conclusion

Credit card fraud can be a serious issue. But, with the right knowledge and tools, you can safeguard yourself against it. IndusInd Bank offers a variety of Credit Cards that help you stay protected against fraud. This can provide you with greater control over your financial transactions.

Take charge of your credit card security today! Explore IndusInd Bank’s range of Lifetime-Free Credit Card and enjoy the benefits of enhanced protection.

Apply Now!

Disclaimer:
The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information. 

Travelling abroad can be a thrilling adventure. But it comes with its fair share of challenges. One such challenge is managing finances. This could include paying for an indulgent meal, buying an expensive souvenir, or any unexpected expense. Many travellers face this issue during their travels. This leaves them unsure of whether to rely on cash or a credit card for their overseas expenditures. This blog will help you decide whether to carry cash or use a credit card for your next international trip.

The Convenience of Credit Cards for Foreign Travel

When travelling abroad, carrying sizeable sums of cash can be risky and inconvenient. You may have to exchange currencies constantly. Keeping track of different denominations of a foreign currency can be difficult and also involves the risk of theft. A credit card for abroad travel can simplify your financial management and offer added benefits.

Why Choose a Credit Card Over Cash?

Here are all the reasons you should consider when using credit cards for your travels:

· Security and Fraud Protection

Carrying cash exposes you to the risk of theft or loss. If you lose cash, it is gone forever. In contrast, if your credit card gets lost or stolen, you can quickly report it to your bank. They will block any unauthorised transactions. Many credit cards also come with fraud protection. For example, IndusInd Bank offers the Total Protect program for its credit cardholders. This program protects you against unauthorised transactions if your credit card gets lost or stolen. This ensures that you are not held liable for transactions that you did not authorise.

· Rewards and Benefits

Using a credit card for foreign travel can be rewarding in more ways than one. Many credit cards offer rewards points, cashback, or air miles for every transaction you make abroad. These rewards can add up with time and offset some of your travel costs. Some credit cards also offer travel-related benefits, such as complimentary airport lounge access, travel insurance, and discounts on hotel bookings.

· Ease of Currency Conversion

Using a credit card for overseas travel means automatic currency conversion at the time of the transaction. You do not have to worry about exchanging money or calculating exchange rates. Also, credit cards often offer competitive exchange rates compared to currency exchange counters.

· Emergency Assistance

A credit card can be a lifesaver in the event of an emergency. During a medical emergency or sudden change in travel plans, a credit card can instantly provide you with the funds you need. Some credit cards also offer emergency cash advance services and 24/7 customer support. This ensures you are never left stranded.

Choosing the Right Credit Card for Your Foreign Travels: IndusInd Bank Avios Visa Infinite Credit Card

Not all credit cards offer the same benefits, especially for international travel. When looking to apply for a credit card for foreign travel, a great option we recommend is IndusInd Bank’s Avios Visa Infinite Credit Card. Here is what you get with this card:

· International Travel Health Insurance

With the IndusInd Bank Avios Visa Infinite Credit Card, you get a complimentary personal air accident insurance cover of up to ₹60 lakhs.

· Travel Perks

What makes Avios Visa Infinite Credit Card an ideal choice, is the travel-related perks it offers. For example, you can receive 2 complimentary visits to select airport lounges in India per calendar quarter. These benefits can enhance your travel experience and provide peace of mind.

· Airline Benefits

IndusInd Bank Avios Visa Infinite Credit Card allows you to choose between the Qatar Airways Privilege Club and the British Airways Executive Club. This gives you access to exclusive benefits with the airline. For example, if you choose Qatar Airways Privilege Club, you can enjoy 10% off on flight bookings made on www.qatarairways.com or the Qatar Airways mobile app.

If you are looking for the best credit card for foreign travel, IndusInd Bank offers a range of Credit Cards tailored to meet the needs of frequent travellers. You can also explore other options like the Platinum Aura Edge Credit Card and the Legend Credit Card from IndusInd Bank.

Also Read: How to Choose the Best Credit Card with Airport Lounge Access?

Conclusion

To managing your finances while travelling abroad, choosing the best credit card for overseas travel over cash offers several advantages. From security and convenience to rewards and travel perks, a credit card for foreign travel can enhance your travel experience.

As you plan your next international trip, consider applying for an IndusInd Bank Credit Card that aligns with your travel needs. With its wide range of benefits and global acceptance, it is the perfect travel companion that ensures you have a worry-free journey.

Ready to make your travels abroad more convenient and rewarding? Apply now for an IndusInd Bank Credit Card today and unlock a world of benefits.

Disclaimer:
The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information. 

Credit cards are powerful financial tools that, when used wisely, can provide significant benefits, such as rewards, cashback, and convenient access to credit. However, if not managed properly, they can lead to debt, financial stress, and a negative impact on your credit score.

Hence, effective credit card management is essential to avoid these pitfalls and make the most of the benefits that credit cards offer. 

How to Manage Your Credit Card in an Effective Way?

Whether you are a seasoned credit card user or new to credit cards, the following practices can help you stay in better control of your finances.

1. Pay Your Balance in Full Each Month

One of the best ways to manage your credit card is to pay off your balance in full every month. This will help you avoid paying interest on your later purchases. Interest can quickly accumulate if you only make the minimum payment. Paying the entire balance due also helps in maintaining a good credit score since it shows financial responsibility.

2. Set Up Payment Reminders

If you miss a credit card payment, you incur late fees and interest accumulation, resulting in a negative impact on your credit score. One way to avoid this is to set up payment reminders. You can also enable automatic payments through your bank. This ensures that you never miss a due date and helps you stay on top of your credit card management.

3. Keep Track of Your Spending

It is easy to lose track of your spending when using a credit card. To prevent overspending, review your transactions and monitor your spending habits regularly. Many credit cards offer online tools or mobile apps to track your expenses and stay within your budget.

4. Maintain a Low Credit Utilisation Ratio

The percentage of your credit limit that you are using compared to the total credit limit is referred to as the credit utilisation ratio. For example, if you have a credit limit of ₹1,00,000 and you have used ₹30,000, your credit utilisation ratio is 30%. It is recommended to keep this ratio below 30% to maintain a healthy credit score and manage your credit card well. 

5. Avoid Applying for Too Many Credit Cards

Each time you apply for a credit card, the issuer conducts an inquiry on your credit report. This can slightly lower your credit score. Applying for multiple credit cards in a short period can signal to lenders that you are desperate for credit. This may reduce your chances of approval. Hence, only apply for a new credit card if it is necessary.

6. Be Aware of Fees and Charges

Another key aspect of managing your credit card is being aware of the various fees. This can include annual fees and late payment fees, amongst others. Understanding these and how they apply to your account is crucial. For example, if you frequently travel abroad, it might be worth finding a credit card with no foreign transaction fees.

7. Make the Most of Rewards and Cashback

Many credit cards offer reward points, miles, or cashback on purchases. To make the most of your credit card, use it for purchases that will earn rewards. However, ensure it does not lead to overspending. Make sure that you do not incur interest charges that could negate the value of the rewards.

8. Regularly Check Your Credit Report

Checking your credit report is an important part of credit card management. This allows you to spot any inaccuracies or signs of identity theft early. You can take the needed action at the earliest in case such issues arise. 

9. Consider Your Card’s Interest Rate

Sometimes, you may not have enough funds to pay the bill in full. To deal with such a situation, consider using a card with a lower interest rate. This can help you save money in interest charges over time and also in managing credit card debt.

10. Use Credit Card Alerts

Most credit card issuers offer alerts for various activities. So, you can receive alerts when your payment is due, when you have reached a certain spending limit, or when there is an unusual activity on your account. Set up these alerts to help you manage your credit card proactively.

Also Read: Mastering Online Shopping: A Guide to Using Credit Cards Wisely

Conclusion

Effective credit card management is an ongoing process that requires discipline, awareness, and informed decision-making. 

IndusInd Bank understands the importance of these and strives to provide its customers with a rewarding credit card experience. Our range of Credit Cards comes with high reward points, excellent customer service, fuel surcharge waivers, complimentary movie tickets, and more. 

Apply now for a Credit Card online with IndusInd Bank today! 

Disclaimer:

The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information.

In today’s age, credit cards have become a useful financial tool for individuals and families alike. Many credit card holders may also wonder whether they can extend the benefits of their credit card to their loved ones. This is possible – the main credit card holder, also called the primary cardholder, can assign another individual as the secondary credit card holder. 

However, not everyone fully understands the distinction between a primary and secondary credit card holder, especially when managing responsibilities and benefits are concerned. Here’s a guide on the same.

Understanding Primary and Secondary Credit Card Holders

• A primary credit card holder is the person who applies for the credit card. Upon approval, they are solely responsible for managing the account. 

• The primary cardholder is legally bound to pay off any outstanding balances. This is applicable even if the secondary credit card holder made the transactions.

• A secondary cardholder is an individual who has been granted access to the credit card by the primary holder. 

• Secondary cardholders are also referred as authorised users. They can use the credit card just like the primary holder. However, they do not hold any legal responsibility for the repayment of the debt incurred.

• A primary and secondary credit card holdercan use a single credit card account separately with the help of an add-on credit card.  

An Overview of Add-on Credit Cards

Banks issue add-on credit cards under the primary credit card account. However, it is given to a secondary credit card holder. It allows the secondary holder to make purchases, withdraw cash, and enjoy the benefits associated with the card.

The credit limit on an add-on card is shared with the primary card. So, the total spending limit is divided between the primary and secondary cardholders. This setup can be beneficial for families. With such a setup, parents can provide their children or other dependents with a card for emergencies or daily expenses.  

Roles and Responsibilities of a Primary Card Holder

The primary credit card holder bears the full responsibility of managing the credit card account. This includes:

1. Account Management

The primary holder must manage the credit card account. This includes paying off the balance, monitoring transactions, and keeping the account in good standing.

2. Liability for Debt

The primary holder is legally responsible for repaying any debt on the card. This includes purchases made by secondary cardholders.

3. Credit Score Impact

How each cardholder uses the card directly impacts the primary holder’s credit score. Late payments, high balances, and defaults can affect the credit score negatively. 

4. Setting Limits

The primary credit card holder can set spending limits on add-on cards to control expenses and avoid exceeding the credit limit.

5. Access to Rewards

The primary holder is entitled to all the rewards, cashback, and points earned on the primary and add-on cards.

Roles and Responsibilities of a Secondary Card Holder

A secondary credit card holder enjoys many of the benefits of credit card. However, they also have certain responsibilities:

1. Responsible Usage

The secondary credit card holder should use the card responsibly. They should keep in mind the spending limits and the impact their transactions have on the primary holder.

2. Follow the Limits

If the primary cardholder has set spending limits on the add-on card, the secondary holder must adhere to them.

3. Communication

The secondary holder must have communication with the primary holder. This is particularly relevant in the case of large purchases or issues to avoid misunderstandings.

4. Impact on Primary Holder’s Credit

The spending habits of the secondary credit card holder can impact the credit score of the primary holder. Hence, they must keep this in mind when using the add-on card.

Also Read: Credit Card Repayment- Watch Out For APR Interest

Conclusion

It is important to know the roles and responsibilities of both primary and secondary credit card holders for smooth card management. While the primary cardholder carries legal and financial responsibility, the secondary cardholder must use the card responsibly to maintain a healthy financial relationship. 

Whether you are looking to apply for a credit card or share one with a family member, it is essential to choose the right provider. With IndusInd Bank’s range of Credit Cards, you have access to robust features, rewards, and financial security. By selecting an IndusInd Bank Credit Card, you can enjoy a wide range of benefits while sharing the card with your loved ones.

Apply now for an IndusInd Bank Credit Card now! 

Disclaimer:

The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information.

Among the many ways that UPI (Unified Payments Interface) has transformed the way people transact, one of them is the feature to make UPI payments from credit cards. By linking your RuPay credit cardto your UPI, you can pay directly to merchants without having to physically carry your credit card.   

However, there are specific limits to using RuPay credit cards via UPI. Understanding the RuPay credit card limit is crucial for making the most of the benefits of your credit card.

Understanding UPI Transaction Limits on RuPay Credit Card

• When using a RuPay credit card for UPI payments, there are daily transaction limits that users must know. 

• These limits help to protect users from fraudulent activities and to ensure secure transactions. 

• As per NPCI (National Payments Corporation of India), the UPI transaction limit for RuPay credit cards is set at ₹1 lakh per day. This means that you can make UPI payments using your RuPay credit card up to ₹1 lakh in a single day.

• In some cases, the RuPay credit card UPI limit can be extended to ₹2 lakhs per day for specific Merchant Category Codes (MCCs).

• However, it is essential to note that the UPI transactions are also subject to the available credit limit on your RuPay credit card limit. For instance, if your credit limit is ₹50,000, you cannot exceed this amount, even if the UPI daily limit is ₹1 lakh.

• It is also advisable to check with your bank regarding the specific UPI transaction limits applicable to your RuPay credit card. 

Are you wondering how to use your UPI app for credit card transactions? It starts with linking your credit card to UPI. With the IndusInd Bank Platinum RuPay Credit Card, the process is easy, swift, and secure. 

How to Link Your RuPay Credit Card with UPI?

Here’s how to link your RuPay credit cardwith UPI:

1. Download and open a UPI-enabled app. Register on the app by linking your bank account and setting up a UPI ID.

2. Navigate to the ‘Add/Link Credit Card’ option within the app. 

3. Select ‘IndusInd Bank’ as the ‘Credit Card Issuer Bank’.

4. Select IndusInd Bank Platinum RuPay Credit Card.

5. Enter card details, such as the credit card number, expiry date, and CVV. After entering these details, you will receive an OTP (One-Time Password) on your registered mobile number.

6. Verify the OTP to set a UPI PIN for your RuPay credit card.

Benefits of UPI Transactions via Credit Card

Using a RuPay credit card for UPI transactions comes with a range of benefits:

1. Ease of Use

You can easily carry out UPI transactions via your RuPay credit card in just a few clicks. There is no need to carry cash or your physical credit card.

2. Wide Acceptance

UPI has wide acceptance amongst lakhs of merchants across India, both online and offline. You can make payments almost anywhere by linking your RuPay credit card to UPI. 

3. Reward Points

A major benefit of using your RuPay credit cardthrough UPI is the ability to earn reward points. Each time you make a payment via UPI, you can accumulate reward points. 

With the IndusInd Bank Platinum RuPay Credit Card, you can earn 2 reward points for every ₹100 on UPI transactions, and 1 reward point on non-UPI transactions. 

4. Secure Transactions

UPI transactions are secure because of multiple layers of encryption and authentication. This ensures your transactions are safe.

5. Real-time Tracking

UPI apps provide real-time tracking of your transactions. This makes it easier to monitor your spending and stay within your budget.

6. Interest-free Period

When you use your RuPay credit card via UPI, you may still enjoy the interest-free period offered by your bank. This allows you to defer payments without incurring interest. However, you must pay off the balance in full by the due date to enjoy this benefit. 

Also Read: How to Check the Credit Card Due Date?

Conclusion

Understanding the RuPay credit card UPI limit allows you to enjoy seamless transactions and make the right payment decisions. Whether it is earning reward points, enjoying seamless transactions, or managing your expenses, using your RuPay credit card through UPI is a smart financial choice. 

If you are looking to explore these benefits further, consider the IndusInd Bank Platinum RuPay Credit Card. Along with reward points, also enjoy travel insurance coverage, fuel surcharge waiver, protection against loss/ theft of card, and more. 

Apply now for an IndusInd Bank Credit Card! 

Disclaimer:

The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information.