Well, in my last post, I did say I like to pay stuff with my credit card. But there is a huge element of fraud. Most people have this irrational fear of fraud.
Firstly, unless we are negligent, fraudulent charges are usually covered by the bank. If we carelessly give out our card number and details to any Abu, Raju and Ah Choong, then, the banks will make us pay for it. Fair enough. So, just be careful. Report a card missing ASAP, when you notice it.
Next, use a chip-based credit card. Those are one hell lot harder to skim or duplicate. The magnetic stripe only cards are bloody useless. Push your bank to issue chip-based cards.
Lastly- there is this CCV number, the three digit number embossed by laser onto the card body. This is usually on a white space of the plastic card, at the back of the card. Now, what I do is, cover this 3 digits with a sticker. Fraudsters need this 3 digits to make a online transaction. If they remove the sticker, you will know - report it. In any case, chances are - they rather remember the credit card details of another card without the sticker. Sometimes, close enough is just good enough - a silly sticker will make them want to fraud another card.
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