Credit card holders - vary payment options abroad - Credit cards - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Credit card holders - vary payment options abroad

Credit card holders - vary payment options abroad

Category: Credit cards

Updated: 29/01/2009
First Published: 29/01/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Consumers travelling abroad have been advised to ensure they are prepared to make payments by a variety of means.

While many holidaymakers will choose to use plastic cards, such as a reward credit card, HSBC has noted that there can be a greater risk of fraud in other countries.

Spokesperson for the bank Tim Pie explained that thieves may follow tourists to cash machines or around shops.

"There are gangs in places like the south of Spain who trawl the beaches stealing people's details ... because they know we are relaxed on holiday and our guard is down," he said.

Mr Pie suggested that those going abroad inform their bank in order to prevent credit cards being blocked, as institutions are attempting to protect customers by cancelling suspicious overseas transactions.

Figures from UK payments association Apacs have revealed that fraud committed abroad accounts for 40 per cent of all plastic card losses.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
 
Close