Credit card accounts 'should be monitored'

Australians are being encouraged to monitor their credit card accounts more vigilantly.

Detective sergeant Steve Davies from Wollongong Police gave this warning during an interview with ABC News after there had been a number of card skimming offences reported.

The crime occurs when a consumer finds that their credit or debit cards have been used by someone else in another location – and some 100 victims have so far come forward.

Detective Davies explained that a significant number of account details have been illegally accessed.

It is only brought to people’s attention when they receive their statements and see transactions that occurred in places such as Sydney or abroad, he added.

"We’d certainly encourage people to be vigilant in the monitoring of their accounts – if they think they have been skimmed to please contact the police," concluded Detective Davies.

Meanwhile, the Sydney Morning Herald suggested this week that credit card rates have been increasing at a higher level to other monetary products.

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