Asda Money t/a Asda Financial Services Limited

November 11, 2012 01:00 ET

Asda Money Offers Tips on Keeping Your Credit Card Safe and Secure

LEEDS, UNITED KINGDOM--(Marketwire - Nov. 11, 2012) - There are millions of credit card holders in Britain, but the risk of fraud can be significant. Asda Money looks at ways you can protect your credit card.

Figures show that online banking fraud increased by a massive 14% between 2008 and 2009 as criminals are becoming more tech savvy*. Cardholders are often duped with email scams, computer viruses and malware which attacks unprotected computer systems.

Credit card holders have some level of protection however, under the Consumer Credit Act 1974. Under section 75 of the act, cardholders now have legal protection of a credit card that is used to purchase something between £100 and £30,000**.

This also gives you protection should you not be happy with your purchase or the credit card company or the company your bought goods and services from goes bankrupt.

Even overseas web purchases are protected as this law applies to everything you buy on credit cards. Whether you purchase an item in the UK, overseas on holiday or on a foreign website you are protected.

There are additional forms of credit card protection and your lender might offer a fraud prevention service. You can also take matters into your own hands by taking a few simple steps to protect your card.

Top tips to protect your card

  • Never give your Personal Identification Number (PIN) to anyone.
  • You must also keep your PIN number safe and never write it down.
  • Dispose of sensitive information such as receipts and banks statements by shredding them.
  • Don't let others use your credit card.
  • Keep your cards safe and don't leave them anywhere that can easily be spotted.
  • Never hand over your bank details and hide your PIN when paying for items in a shop or at a cash machine.
  • Always log out after shopping online and save the confirmation email as proof of purchase.
  • Only use secure and trusted websites.
  • Install anti-virus software and firewalls on your computer.

Notes to editors

*Source: The UK Cards Association, New advice guide explains credit card rights, 03/05/12

**Source: The UK Cards Association, New advice guide explains credit card rights, 03/05/12

About Asda Money Credit Card

  • 1% cashback on Asda shopping
  • 1% cashback at Asda filling stations
  • 0.5% cashback at all other shops
  • 0% balance transfers for 12 months*
Representative example:
Standard Purchases: 14.9% p.a. variable.
Representative APR: 14.9% variable.
Total amount of credit: £1200.
This is for illustrative purposes only and actual total amount of credit may differ.

*Balance Transfer Terms and Conditions: Balance Transfer fee of 2.9% (minimum fee £3 per transaction) will be charged in respect of each Balance Transfer. Subject to account status. Account Terms and Conditions apply. You can Balance Transfer up to 80% of the available credit limit within the first 90 days of account opening. Balance Transfers from existing storecard accounts and loans issued by Creation Financial Services Ltd or Creation Consumer Finance Ltd and credit card accounts issued by Sygma Bank UK are not permitted. Minimum value for Balance Transfer is £50. At the end of the promotional period you will be charged the Standard Rates of Interest in accordance to your Account.

Asda Money is a trading name of Asda Stores Limited. Asda StoresServices Limited uses a selection of companies to provide its products and services. Please refer to for details of our product partners and the relevant terms and conditions for each of our products and services.

Subject to status. Applicants must be aged 18 or over and UK resident (including Isle of Man and Channel Islands). The Asda Money Credit Card is issued by Sygma Bank UK, a Creation Group company, Chadwick House, Blenheim Court, Solihull B91 2AA.

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