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Now here’s a scary (but very real statistic): 1 in 4 Aussies are victims of credit card fraud. Jeremy Cabral, Publisher of leading credit card comparison website, CreditCardFinder.com.au shares 5 simple ways to make sure you’re not ripped off using your credit card.


1. Review your statement regularly

Review each and every credit card statement to make sure that your charges match up to what you’ve spent.

Inform your bank or credit union immediately if you do notice any suspicious activity when you review your statement. The sooner you inform your bank, the less time these scammers have to abuse your credit card details and the less money they can steal from you.


2. Never click on email links prompting you to ‘check your account’

This is a phishing attack which refers to emails that trick people into handing over their personal and banking information. Avoid emails that are asking you to update your information as it may be an attempt to steal your personal information.



3. Make sure the website that you use is secure

Always make sure you check the URL/web address of the website you’re on before you enter your personal or credit card details. Some scam websites will alter a letter or two in the web address to trick you into thinking they’re the legitimate source. They can look identical to the original website, but that tiny change in the web address means that it’s a completely different website. You could be buying something from a website that was created solely for stealing your credit card details.



4. Stay alert when using an ATM

Don’t let your card get skimmed. This is where someone copies the details from the magnetic strip on your card when you use an ATM. Check your surroundings when using an ATM look out for anything unusual such as the card reader and area above the screen. Also use your hand to cover your PIN.

5. Never give your details to untrustworthy sources

It may seem like obvious advice, but handing over even the smallest of personal details can potentially have devastating effects in the wrong hands.

If you don’t trust someone completely, don’t give them access to your card or personal details. Even seemingly insignificant details like your birthday or address should be safeguarded.

Do you prefer using cash or your credit card?