Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Avoiding credit card fraud whilst on holiday

By Sean Burke Subscribe to RSS | April 19th 2012 | Views:

Credit card fraud has become a significant threat for individuals in the UK over the last few decades. While realising that someone has gained unauthorised use of your credit card at home is dispiriting, it can be much worse when it happens abroad. As a result many banks have issued their customers with advice on avoiding credit card fraud whilst on holiday. Not sure what you can do to boost your protection? Here are a few tips to bear in mind before you travel and while you’re overseas.

First, let your credit card provider know that you’ll be on holiday. That way they’ll know it’s you using your credit card in Spain or Turkey, rather than someone who has stolen your details. If you are able to, let them know when you’ll be returning home too. That way, if they notice activity on your credit card after your return, they’ll be able to alert you that you’ve been a victim of fraud. Moreover, try not to take more than one credit card with you on your holiday. The more cards you have with you, the more you’re exposing yourself to potential fraud.

Once you’re on your holiday, there’s a variety of other steps you’ll need to take to protect yourself. When you’re taking money out of an ATM, use the same precautions as you would at home. For example, make sure the ATM keypad is shielded from the view of anyone around you so no one can spy on your PIN. Don’t write your PIN down anywhere or say it out loud. And if you walk up to an ATM and it looks like it may have been tampered with, don’t withdraw money from it - just to be safe.

If you’re paying a bill in a shop or a restaurant, make sure that the waiter or shop assistant does not walk off with your credit card. If necessary, follow them to the credit card terminal or till to ensure that they’re not discreetly skimming your details. Skimming involves passing a credit card over a machine that reads the card’s magnetic strip and collects its details. This is a popular way that credit card fraud is committed in some overseas countries, and is something to be wary of.

In addition, take care to read what you’ve been charged for. Untrustworthy retailers may add an item that you did not order to your bill or, worse, add an extra digit to the total amount to be paid. For example, you may order dishes in a restaurant worth £40 but adding a surreptitious zero to the total will mean you’ll be charged £400. And if a cashier tells you that they have to process your payment again because it didn’t work the first time, make sure they provide you with a cancellation receipt. Otherwise you might end up making two payments.

If you do become a victim of credit card fraud abroad, you may have to seek legal services to settle matters. Check with your credit card provider to see what action you’ll have to take if you are exposed to fraud, and also ensure that you have a travel insurance policy that covers such outcomes.

Sean Burke - About Author:
The author of this article is a part of a digital marketing agency that works with brands like Shoosmiths. The content contained in this article is for information purposes only and should not be used to make any financial decisions.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

Tips on how to perform a credit card comparison
Published by Roland Hurst on March 9th 2012 | Business
Learning more about credit card comparison is a topic all consumers can benefit from. This is import...
Don’t fall victim to identity fraud with Home Shred UK’s super and safe shredding service
Published by Mary Porter on July 14th 2012 | Business
Identity Theft is one of the fastest growing crimes in the UK; this crime has worryingly risen by 20...
Need bad credit loans – for people suffering from poor credits
Published by Alvin on June 14th 2012 | Business
Need a bad credit loans are meant particularly for borrowers littered with a nasty credit history. T...
Brightbridge Wealth Management Headlines: Swiss Re reclaims prized S&P credit rating
Published by Brightbridge Wealth on January 6th 2012 | Business
(Reuters) – Swiss Re (SRENH.VX) has regained a prized credit rating lost during the financial cris...
Getting bad credit loans for personal purposes
Published by Jamessms on March 22nd 2012 | Business
We know that life has probably been quite tough on you if you have landed yourself in such a situati...
Useful information about consumer fraud act & associated laws
Published by Safinajones on February 29th 2012 | Business
The consumer protection laws and the consumer fraud act are immensely helpful in protecting the righ...
Get a business cash advance when you accept credit card payments
Published by Merchant Cash on March 29th 2012 | Business
It takes much financial acumen, along with business strategy and plain old wisdom to beat the compet...
Widespread occurrence of Insurance fraud and control by Best Private Investigator
Published by Jonathan Robinson on December 22nd 2011 | Business
Insurance fraud has become a major trouble in the US for a long time now. The insurance and banking ...
The Balgopal firm- is it a help or a fraud?
Published by Dinesh on April 24th 2012 | Business is one of the latest online shopping sites. They offer a variety of mother and baby car...
Bank identification Number - New credit validation service
Published by FlorianZippel on December 17th 2011 | Business
Base has over 75000 records and it is updated weekly. There is as well the support forum that is not...
How to find the best fraud solicitor
Published by Edward Charles on March 23rd 2012 | Business
If you are accused of benefit fraud, the first question that comes in your mind is how to find the b...
Fair credit reporting and fair debt collection practices are your rights
Published by Safinajones on January 12th 2012 | Business
If you have fallen victim to false credit reports or unfair debt collection practices, do not suffer...
Avoiding credit card fraud whilst on holiday
Published by Sean Burke on April 19th 2012 | Business
Want to avoid credit card fraud whilst on holiday? Bear in mind essential tips like checking your bi...
Dynamic Wealth Management Headlines: an ounce of fraud prevention is worth a pound of cure
Published by Dynamic Wealth Management on April 17th 2012 | Business
Financial fraud is alive and well, and claiming more victims than ever before. Scams are getting mor...
Regain your financial standing through credit counseling Houston,credit counseling houston
Published by Chris Adam on March 31st 2012 | Business
There are lots of people who fall into a debt for different reasons. Usually after falling into a de...
Avoid auto fraud and auto loan default by following some simple steps
Published by Safinajones on December 22nd 2011 | Business
Auto fraud and auto loan default both can be avoided by just being a little careful. In case of auto...
Restrict your Applications for bad credit cash advance Loans
Published by Albin Roy on December 16th 2011 | Business
Students represent one of the hardest hit communities and the recession offers few answers for them....
Disability tax credit benefits can be really helpful
Published by Abilitytax on January 19th 2012 | Business
Disability means where a person is not able to do the work in a proper way. It could be either physi...