While many people will be aware of the threat of credit card fraud over the internet, they may have forgotten that having a card stolen is just as serious a threat. There are a few simple steps which can be taken to tackle the potential problems that arise out of having your card stolen so that you can limit the damage done to your bank account.
First of all, it is important to note that a UK credit card holder will not be held financially liable for fraud on their card. However, while you will generally only be liable for up to £50 of the amount fraudulently taken from your account, in certain circumstances this limit can be waived. This is usually only in rare cases where the card holder is found to have acted fraudulently or without reasonable care.
Therefore, it is important to take certain precautions to avoid the accusation that you have not acted with reasonable care.
Search and compare different credit cards and criteria with the
Know Your Money Credit Card Wizard.
