Commonwealth Bank gives card usage tips

Wednesday 20 May 2009

Article by Mozo

A financial expert from the Commonwealth Bank has been on hand to give Aussies a range of tips on how to use their credit and debit cards safely.

Speaking at the Cowell branch of the Probus Club, Christine Howard urged consumers to ensure they never allow their card out of their sight while making a transaction, as criminals are prepared to use a number of techniques in order to steal such an item.

Furthermore, Ms Howard claimed that pin numbers should not be written down and that obvious combinations – such as someone’s date of birth – should not be used for such a code, the Eyre Peninsula Tribune reports.

Instead, using a postcode was suggested as a way of sourcing an easily memorable pin number, although the code for the cardholder’s hometown should not be used as this can prove to be too obvious to guess, in comments that could interest those looking to compare credit cards and debit cards who are concerned about the security of their finances.

Speaking at a recent industry conference, Eddie Grober – executive vice-president of MasterCard Australia – claimed that Aussies are increasingly using debit cards, as credit card use falls.

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