No doubt that credit cards offer a world of convenience. From spending flexibility to impressive rewards on your purchases, these powerful tools simplify your financial life in many ways. However, such reliance on plastic money and online transactions also means that the possibilities of credit card fraud and identity theft cannot be ignored.
IndusInd Bank’s credit cards are equipped with advanced security features to safeguard your personal and financial data. Let’s explore the various ways IndusInd Bank keeps your credit card transactions both convenient and secure.
1. EMV chip technology
IndusInd Bank uses EMV chip technology in its cards to generate a unique transaction code for each use. This code changes with every transaction, making it nearly impossible for fraudsters to duplicate the information on your card. The EMV chip is a tiny yet powerful microprocessor integrated into credit cards, which protects you from fraudulent and unauthorised transactions.
2. Contactless payment
With IndusInd Bank, you also get contactless payments. For example, the IndusInd Bank Legend Credit Card is a chip-based contactless credit card. It uses Near-Field Communication (NFC) technology to create a secure connection between your card and the payment terminal, with encryption protocols. This helps keep your card and payment details confidential. Since you use your physical card less, the risk of card theft also decreases.
With the IndusInd Bank Legend Credit Card, you can also:
- Get an affordable credit card interest rate
- Make daily payments faster at contactless-enabled merchant locations
- Shop at 10,00,000 outlets in India and over 30 million worldwide
- Buy movie and flight tickets, pay utility bills, and shop safely online
- Reward points for every ₹100 spent
- Fuel surcharge waiver to save on fuel purchases
- No joining or annual fees, and more.
Simply click on the apply credit card online option and get started with IndusInd Bank today!
3. Two-factor authentication (2FA)
Another credit card safety and security offered by IndusInd Bank is two-factor authentication (2FA) for online transactions. It is an additional verification step you need to complete after logging in.
Once you enter your ID and password, you will receive a one-time PIN (OTP) on your registered mobile number or email. This OTP is needed to complete the sign-in or finalise the transaction. This feature is important to make sure that the actual account holder is making the transaction.
4. SMS and email alerts
As an IndusInd Bank credit card user, you will be kept informed about all transactions on your accounts through instant SMS and email alerts. Each time your credit card is used, you get an instant notification. This credit card security feature helps you monitor your card activities closely and detect any unauthorised transactions right away.
5. Customisable spending limits
With IndusInd Bank, you have the option to set customisable spending limits on your credit cards via the app or website. You can set limits for:
- Online transactions
- Point-of-sale transactions
- Contactless transactions
- ATM withdrawals.
Even if your card is lost or stolen, these limits help minimise the risk of unauthorised or excessive spending by rejecting transactions that surpass your set limit.
6. Customise your transaction preferences
You can decide how you want to use your card by enabling or disabling preferences such as domestic and international transactions. For example, if you do not want to use your credit card for foreign transactions, you can easily disable this option via SMS or the IndusMobile App.
You can even temporarily block your card if you think it’s misplaced and unblock it just as easily when you find it again.
7. Total Protect
For ultimate peace of mind, IndusInd Bank offers insurance coverage for incidents like
theft or loss of the card. This coverage starts two days (48 hours) before you report the loss to the bank. You are also offered insurance against counterfeit fraud, which protects you from the misuse of your card or its details.
The Total Protect Plan insures you for an amount equal to your card limit and is valid for your add-on cards as well.
To sum up
Choosing IndusInd Bank means benefiting from an affordable credit card interest rate as well as advanced security features. Your banking experience is secured with features like 256-bit SSL technology, 2FA, EMV chips, OTP authentication, customisable spending limits, and timely alerts.
As a credit card user, you should also follow prudent practices. Regularly check your bank statements, use secure networks for transactions, keep your card details private, report suspicious activities promptly, and update your passwords frequently.
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