Credit card holders - vary payment options abroad - Credit cards - News - Moneyfacts


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

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Top credit cards for Christmas spending

‘Tis (just about) the season to be jolly, but before all that festive fun begins, chances are you’ve got a bit more shopping to do. But, if you’re turning to credit to fund things, you’ll want to use cards that offer 0% interest deals on purchases.

Spooky reality of high balance transfer fees

Credit card debt is scary at any time of year. While most might assume that opting for the longest deal on offer would save them the most, our data shows some of the longest deals can actually work out to be the most expensive.

Reward credit cards that become ‘pointless’

If you regularly use cards to pay at the till, you may have considered opening a reward credit card to earn points every time you spend. However, not all of these cards are as rewarding as they may seem…