NEWS & ADVICE : CREDIT CARDS
Handle your credit card with Care
By Ankit Sharma
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Credit Card Cloning

People often worry about online credit card security, however at places like restaurants and cafes your card security is in question. Credit cards can be duplicated in only few seconds. This credit card duplication is known as 'skimming', and it takes all your credit card details allowing another one to be created and used at leisure. Therefore it is always better to watch your card being swiped. Also notice that the person swiping your card does not swipe it multiple times. These are some innovative methods that are making credit card frauds bigger and worse.

ATM cautions

You should always ensure that you are alone when you are entering your PIN in an ATM transaction. Further if by chance your card is retained by the ATM machine, inform the card issuer immediately.

International usage of Credit Card

When going on holiday, or planning to spend a large amount, it is worth informing your credit card company about the future 'unusual' spending on your credit card. Or else the credit card companies own security measures may flag up some security warnings and block any transactions from your card. This might leave you in an embarrassing situation.

Destroy Old Cards

It is always better to destroy your cards fully once they expire.

Although the above mentioned safety tips are quite common yet you would be surprised to see how many people fail to follow even one of them.

Ultimately keeping you card safe is your responsibility.


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(Comments Posted : 1) Post Your Comments
1. Fraud crimes will be a thing of past if banks make signature and PIN systems reliable as proposed on website www.xwave.co.uk

Government and banks should exploit proposed fraud deterring system before it is too late to stop a fraud boom.
Yogesh Raja (Posted: Oct 22, 2008)
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