Make sure that you are protected against credit card fraud online
The UK has become a nation that is not only reliant on credit card spending in the majority of cases, but also places a huge amount of confidence in online shopping.
And although credit card use and online services provide the nation with ease, convenience, and flexibility, this combination also spells the potential for credit card fraud, which has become more and more sophisticated over recent years.
Recent data has revealed that many people that use their credit cards to make online purchases automatically assume that they have protection against fraud, and that should they become the victim of online credit card fraud they will be able to recoup any financial losses.
However, consumers are warned that this is not always the case and that they should check the small print on their credit card agreement to determine whether they have protection against online fraud and what level of protection they have.
American Express, a major provider of credit cards, is now offering online fraud protection to its customers, and this will enable consumers that shop online with the American Express card to purchase items for up to two thousand pounds each with protection, up to a total of twenty thousand pounds.
Consumers should not assume, however, that other cards will automatically offer this level of protection, and with some card issuers this must be purchased separately.
Credit card fraud performed online has become a big concern for many, and by ensuring that their purchases made online are protected through card cover consumers can enjoy peace of mind when making purchases.
However, consumers should also ensure that they site on which they are making purchases is safe and secure, as this can help to reduce the risk of credit card fraud.
Tom Smith
23rd February 2007
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