How to Avoid Credit Card Fraud?

Credit card fraud. It's not something new - but the developing technologies of cell phones, computer networks and satellite technology have brought a whole new sophistication the game of stealing credit card information. Where once your biggest concern was someone nicking your wallet or copying down your account number at the till while you weren't watching, there are now thieves who are experts in learning enough of your personal information to open up accounts, take out loans and apply for credit cards in your name - all without you even knowing about it until you need your good credit to take out a loan of your own.

It's all enough to make a body want to cut up all the credit cards and toss them out - but don't. Here are some common sense tips on how to be on guard and avoid being a victim of credit card fraud.

1. Despite some recent unsettling news about credit card information being stolen from the new Chip and PIN machines, Chip & PIN is the safest way to use your credit card. Just remember to never share your PIN with anyone.
2. Shield your hand movements and the keypad when keying in your PIN at the till.
3. Don't let your credit card out of your sight when using it to pay at restaurants and other point of service merchants. It's easy to copy down the card details to use online or over the telephone
4. Always go over your account statement and look for any charges that you don't remember making. If you find any suspicious charges, notify your credit card company immediately and follow their instructions.

Keep in mind that most credit card fraud today is not committed with stolen cards and numbers at the till. Instead, thieves find ingenious ways to collect your personal information and use it to order things online, request replacement cards or open entirely new accounts in your name. While there have been cases where hackers have breached security and accessed the accounts and information of thousands of people at a time, it's far more common for thieves to get that information directly from you. Here are more common sense tips for avoiding credit card fraud online.

1. Do business with trusted vendors. Take the time to verify the identities of those you're doing business with. If you're buying from a web site, look for contact information other than an email address, and check for any adverse comments about the company on consumer watchdog sites.
2. Always verify that you really are at the right web site before entering any information about yourself. A favorite ?phishing' tactic is to send out hundreds of emails to people informing them that their checking or credit card accounts have been accessed improperly, and that they will have to verify their account and personal details before they can use their account again. If you receive such an email DO NOT click on a link in the email to follow the instructions. Instead, forward the mail to your bank or credit card company's anti-fraud unit.
3. Apply for a separate credit card with a low spending limit specifically to use for online purchases. A prepaid credit card is ideal for this use. You can load it with just enough cash to make your purchases, and protect your other credit cards from fraudulent use by never using them online.

If you don't have a low-limit credit card, you can apply for one online at www.moneyeverything.com. where you'll find all the information about the best credit card UK vendors offer.