Could credit card fraud happen to you?

Could credit card fraud happen to you?

8 October 2008

Credit card fraud happens to thousands of people each day and they often aren't aware of it. Approximately $615 million was lost in the past year due to credit card fraud. People who are victims of credit card fraud face a long and difficult process of retrieving their money

Phishing is a common online scam that collects your personal details online. Skimming takes your credit card details when you are swiping your credit card in-store. Credit card details can even be stolen straight out of your mailbox. Learn more credit card tips and tricks.

An anti fraud protection service offered by ANZ is Falcon. This protection services watches your transactions and makes a note of any purchases that seem out of the ordinary. Operating 24/7, ANZ bank contacts you straight away if a suspicious transaction, such as an overseas purchase, is made. If the transaction isn't yours, ANZ cancels your ANZ credit card immediately and launches an investigation.

Choosing a credit card needs to be done carefull if you want the best protection available for your gold credit cards.

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