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Card Skimming
Credit card skimming in Australia is growing but there are ways to help prevent the fraudulent theft of your personal information and use of your cards. Thieves steal information which is stored on your credit card by illegally duplicating the carda??s magnetic strip. Using your details, criminals can create credit cards with your name or make transactions to your accounts. Penalties are also growing for card skimming including longer jail terms. Some ways to help prevent card skimming include:
- Avoid online shopping or online banking when using public computers as there can be settings installed that copy your passwords
- Always check if there is anything unusual in the card slot of eftpos and ATM machines before inserting your card
- Using a credit card cover can protect your card from being scanned illegally during transactions
- And try to use cash for purchases at low security places.
The table below lists todaya??s lowest credit card interest rates.
