Credit cards, though an easy way to have access to money without carrying around a lot of cash can become a big liability if not used prudently and carefully. Ensure that you use the card responsibly.

Also, never take the safety of your credit cards for granted. You have to exercise some common sense and vigilance to prevent credit card fraud.

Here are some general tips to follow:

1. Ensure your new credit card is in sealed condition and that the seal is not tampered with.

2. Sign on the back of your new card as soon as you receive it.

3. Monitor your account regularly either on the Internet or from call centers. Also subscribe to e-mail and mobile alerts to keep track of card usage.

4. Memorize your card's PIN number.

5. Destroy and dispose all documents that mention the card number, such as copies of receipts, airline tickets, travel itineraries, etc.

6. Personal account information should never be shared with anyone unless payment for the purchase is being done from that account.

7. Another important thing is keeping any useful information such as card number, expiry date, CVV number, and pin number, etc of your cards handy.

8. However, that does not mean that you keep the information in places where it is easily accessible. Protect your card information as you would protect your money.

9. Finally, always stay at least 40 per cent below your credit limit and review your account information either online or through the credit card company's call center frequently. This will help you identify any suspicious transactions immediately.