Credit cards are a safe and convenient way to make payments. Here are some smart ways to reduce the risk of payment fraud and get the most from your cards.
1. Check your statements regularly. Being a victim of fraud is bad enough, but it can be worse when you don’t notice until large amounts have been stolen. Review your statements regularly and carefully. Get in touch with the bank as soon as you suspect any suspicious activity.
2. Install anti-virus software on your personal computer. Keep your anti-virus software up to date to help prevent any theft of your personal data. Avoid using public computers for secure transactions. If you have to use a public computer, such as when you're travelling, ensure that no one can see your screen. Log out of all websites when you're finished and delete your browsing history.
Never share your credit card PIN with anyone and don’t write it down.
3. Watch out for suspicious websites and emails. It can be hard to tell if a retailer's website is fraudulent just by looking at the page content. If you are suspicious about the integrity of a website or email, it is wise to not share your personal or credit card information.
4. Never let your credit card out of sight. Retailers should have credit card transaction facilities available at the cash register – don't let them take your card into another room.
5. Keep a secure PIN. Your PIN should not be your date of birth or the same as all your other PINs. Never share your credit card PIN with anyone and don’t write it down.
6. Stay in touch. Foreign purchases and other unusual card activity can be an indication of credit card fraud, so let your bank know before you travel overseas and when you change your address. If your bank doesn't know you're going away or sees unusual transaction activity on your account, they may put a hold on your credit card.
Every Macquarie credit card features an embedded microchip to enhance security. This innovative technology makes the card much more secure than standard cards, which only have the magnetic strip on the back. The chip adds an extra layer of security, making it very difficult to copy your card details.