Card Etiquette
Banking card etiquette refers to the proper and respectful use of credit and debit cards, ensuring smooth and secure transactions while respecting the rules set by the card issuer. Following these etiquette guidelines can help maintain a positive financial relationship with your bank, protect your personal information, and make interactions at checkout points more efficient. Here are some essential tips for banking card etiquette:
Some suggestions:
When I think about card etiquette, there are three things that my dad drilled into my head.
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1. Never ever give out any details, not even accidentally. In the sense that do not write things down, memorize numbers and facts. It could take seconds for someone else to capture your details. Don't speak out any banking details out loud even if you're on a phone call with your parents who asked for it. Rather think of safely sharing information through written formats. And definitely do not enter your details on any one else's device to make a purchase. These numbers are valuable and you should keep them safe.
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06
Regularly Monitor Your Accounts
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2. Set limits on online banking. Actively set a monthly expenditure limit on all your cards and constantly monitor them. If you feel like you aren't using a certain card as much, make the limits far smaller so worst case scenario - someone has your details - they can take out a maximum of 100 dollars a month. Similarly remember to remove these limits and adjust them as your lifestyle changes.
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3. Use Public Wi-Fi Cautiously. Or actually, do not use it at all. One thing I invested in is a good data plan. Apart form my secure college campus wifi, I do not connect to any other wifi. This is because all our financial data is stored in our laptop and is susceptible to interception by cybercriminals. Especially, when making online transactions, avoid using public Wi-Fi networks, as they are probably not secure. If you must use public Wi-Fi, consider using a virtual private network (VPN) to encrypt your data.
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