Preventing credit card fraud
Published on: Mar 4, 2016
Transcripts - Preventing credit card fraud
Preventing Credit card fraud
In order to protect yourself from potential credit card fraud, there are some things
you can do to protect yourself. Credit card fraud is especially lucrative for criminals.
They enjoy nothing better than you making it easier for them to steal from you. They
are constantly thinking up new ways to steal from you and get your card details. You
must be vigilant all the time.
Here are some simple tips that may help you protect your money and your sanity.
Only ever give your credit card details on the phone once you have established they
are trustworthy and the company are who they say they are. Make sure you are
familiar with the company before giving them any personal or financial details.
Try registering your credit and debit cards with Verified by Visa or MasterCard
SecureCode. Use these every time you want to purchase something on the internet.
When you go to a particular shopping site of your choice, make sure you enter the
address into your browser rather than using the search engine.
Make sure your computer has all the latest anti-virus software and firewall, this way
it will be that much harder for criminals to access your details.
Always shop with sites that have a security icon showing in your browser window,
this will prove that they are a trustworthy site. Always make sure that you log out of
the shopping site once you have completed your purchase.
When using an ATM machine make sure you cover your hands when entering your
PIN. If you feel someone is standing too close behind you then ask them to take a
step back. If they are honest they won’t mind. No one needs to stand that close to
another person when they are using the ATM. It could be a criminal trying to
ascertain what your PIN number is so he can empty your card. You won’t know until
you check later.
Always make sure you check your credit card details often, someone could be
spending your money without you knowing and the longer you leave it, the harder it
is to catch them and you lose more money.
The interest free credit card
Another interest free credit card has entered the market. This time it is from Halifax.
This card promises customers interest free purchases for the first 17 months. You will
be pleased to know that most potential customers should qualify for this type of card.
However, you can only get this 17 month interest free period if you have an
extraordinarily impressive credit history on your credit file.
Sullied credit histories
Do not fear however if your credit history is less than perfect, for you too may qualify
for this new card. The only snag is you may have to settle for a shorter interest free
period. Also, when this shorter interest free period ends you may have to pay higher
interest fees as opposed to those with more impressive credit files.
The good news is that all customers who get the card will be entitled to the balance
transfer deal on this card regardless of their credit history. This is an interest free
transfer on debts for 6 months. Customers are given 3 months to use this impressive
Is the card worth it?
The card is excellent if you are planning on buying something far more expensive
than usual. Perhaps if you are considering a holiday or a new car, but you must be
careful, if your credit score is less than perfect, it’s unlikely you’ll qualify for the 17
month interest free period on purchases, this means that any new and expensive
purchases are going to cost you more. Make sure you check this out first. As an
alternative, you could change cards, so as soon as your interest free period ends, you
opt for another card with 0% balance transfers and this way you might put yourself
in a win-win situation.