Contactless credit cards have become
increasingly popular in recent years, especially since the COVID-19 pandemic
began. These cards allow you to make payments without having to physically
insert or swipe your card, making them a more convenient and hygienic option.
In this article, we’ll provide you with some tips on how to use contactless credit cards effectively.
Understand how contactless
payments work
Before you start using your contactless credit card, it’s important to understand how it works. When you make a payment with a
contactless card, you’ll simply need to hold it close to the payment terminal.
The terminal will use radio frequency identification (RFID) technology to read
your card’s information, and the payment will be processed almost instantly.
Check if your card is
contactless-enabled
Not all credit cards are contactless-enabled,
so it’s important to check if yours is before you try to use them. If your card
has the contactless symbol on it, then it’s enabled for contactless payments.
If it doesn’t, then you may need to contact your bank or credit card company to
request a contactless card.
Keep your card safe
While contactless payments are convenient,
they can also be a security risk if your card falls into the wrong hands. To
prevent unauthorized transactions, it’s important to keep cards safe and
secure. Avoid leaving your card in plain sight, and be sure to report any lost
or stolen cards immediately.
Be aware of transaction limits
Most contactless credit cards have a
transaction limit, which is typically around Rs.2,000 to Rs.5,000. This means
that if you’re making a purchase that exceeds this limit, you’ll need to use
your PIN or sign for the transaction. It’s important to be aware of these
limits, so you don’t run into any issues when making a purchase.
Keep your phone and other cards
away from your contactless card
Contactless credit cards work by using RFID
technology, which can sometimes be interfered with by other nearby devices. To
ensure that your payment is processed smoothly, it's important to keep your
contactless card away from your phone or any other cards that might interfere
with the signal.
Check your receipts and
statements
As with any credit card, it's important to
keep track of your purchases and monitor your statements for any unauthorized
transactions. While contactless payments are generally safe, it's still
important to check your receipts and statements regularly to ensure that
everything is accurate.
Look for contactless payment
terminals
Not all payment terminals are equipped for
contactless payments, so it's important to look for the contactless symbol
before you try to make a payment. Many retailers now have contactless-enabled
terminals, but it's still a good idea to double-check before you try to make a
purchase.
Know when to use your contactless
card
While contactless payments are convenient,
they're not always the best option. For example, if you're making a large
purchase, it's generally safer to use your PIN or sign for the transaction.
Additionally, if you're in an area with poor signal strength, then your
contactless payment may not be processed properly.
Use contactless payments as part
of a wider strategy
Finally, it's important to remember that
contactless payments are just one part of a wider financial strategy. While
they're convenient for small purchases, it's still important to have a budget
and stick to it. Additionally, it's important to monitor your credit score and
use credit responsibly to ensure that you maintain good financial health.
Conclusion
Contactless credit cards have become
increasingly popular due to their convenience and safety. To ensure a smooth
and secure experience, it is essential to follow certain tips. These include
keeping the card in a safe place, avoiding multiple transactions in quick
succession, monitoring account activity regularly, and using contactless
payment options only at reputable merchants. By following these tips, users can
enjoy the benefits of contactless payment while minimizing the risks associated
with this technology.
Read More: How To Read A Credit Card Statement?
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