Credit cards are modern facilities that all major banks bring to their customers. However, they do not issue these cards to every customer. Actually, using credit cards is very technical. Customers can use these cards to purchase anything without having a penny in their pocket. Usually, the cards carry some cash value that the users can use to purchase or pay some bills. Every customer needs to pay the money back to the bank later on. Usually, the payments are technical and every user needs to follow the right parameters so that they can maintain their account well.
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However, people commit some mistakes and that often results in credit card fraud. Here are some of the frauds that people often encounter. Every user of a credit card must be aware of each credit card fraud in India. The right knowledge can make the users protect themselves from any incident of credit card fraud. Some of these frauds include the following:
Frauds Related to the Application:
On some occasions, fraudulent users of credit cards may use your details and apply for a credit card. As a result of this, the banks can issue a credit card in your name even without you applying for the card. In such a case, you may be required to pay the amount back to the bank.
Point of Sale (PoS) Fraud :
Nowadays, many retail and other outlets use PoS devices. At times, these devices may be hampered and they do it primarily to hack the data of the customers. This can be highly dangerous as you may be robbed off your money in the end and you would need to repay even without consuming the amount.
Electronic Skimming:
Usually, every card has a magnetic strip on the back that has all the secret necessary information. With electronic skimming, the frauds can steal that information and can use them for obtaining another duplicate card in your name. You would be required to repay the amount that the fraudster may have used for the card.
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Misplaced Card :
In many cases, you may not get the delivery of the credit cards that you may have applied for. These cards get misplaced and may reach some fraudsters who can use the card for fraudulent purposes.
Credit Card Lost or Stolen :
You may face the situation when your credit card is either stolen or you lose it due to your carelessness. If anything like this happens, then you must call the help desk of the bank and block the cards immediately. Otherwise, the card may cause you serious troubles in the end that you may not bear or tolerate!
As a user of credit cards, you must be very cautious of these frauds. You can avoid every Credit Card Fraud In India with the help of a cyber lawyer in Kolkata by keeping the information in mind. You can get the best utilities of the cards for yourself.
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