With over 51.7 million active credit cards in India, it can be said that individuals are becoming more dependent on credit cards. However, the risk of exposure to cybercrimes like credit card fraud, identity theft, etc. is also on the rise.
This has made it imperative for cardholders to respond promptly to the situation by getting the card blocked at the soonest. Steps to block credit cards Since the process to block credit card online is relatively quick and easy, more users incline towards it. By opting for the online method, users can prevent their lost credit card either through net banking facility or via designated mobile app. Here’s how to block the credit card online -
On the other hand, users can access the ‘Credit Card’ option on their designated financial app and complete the steps as directed. For instance, Bajaj Finserv RBL Bank SuperCard users can access the RBL MyCard App easily and provide the required details promptly to complete the blocking process.
Users may decide to visit the credit card issuer and avail their help to have their credit card blocked at the earliest. Irrespective of the method cardholders opt for, they must make it a point to inform their card issuer at the earliest. Doing so, they would be able to minimise the risk involved and would be able to tackle the same effectively.
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |