Credit card security and protection
Credit cards can be a great way to pay for goods or services. Not only are they convenient, they can offer added protection under Section 75 of the Consumer Credit Act 1974. This means that when you make a payment over £100 but less than £30,000, you have the right to sue the supplier, your card lender or both if an item you’ve purchased is faulty, broken, not as it was described or never arrives.
It’s worth noting, however, that your payment might not be protected if any third parties are involved. For example, if you book a hotel through a booking site instead of directly, you may not be protected under Section 75.
One of the few drawbacks is the risk of theft or fraud incidents that involve credit cards. In this section, we’ll explain the steps you should take to protect yourself, as well as detailing the extent to which you’re already protected. We’ll also look at the common scams that the fraudsters use and how to look out for them.
A credit card can offer you more security and protection than paying in cash – particularly if you settle the balance on your account in full so that you don’t pay any interest. We want you to feel safe using them – confident that the most dependable and impregnable online security currently available is looking after your finances as you shop.