Learn to be a Financial Hunter - Not the Hunted
You Are Here: Home > Personal Finance > Credit Cards > FAQ > Question and answer
1min trick to help eliminate Credit Card fraud
Want a great Credit Card? Find out why these 4 Cards are probably the best on the market. So much so we use 3 of them ourselves. More information.
It's not only a great trick but simple to do. It involves your card's CVV number which is shown below.

The CVV number is circled

Use your Cards CVV number to help eliminate fraud

Why the CVV number is so important

Credit Cards have a number of visible anti fraud features such as -

  • The number
  • Your full name
  • Expiry date, and
  • The CVV number

It's normally impossible to buy anything online or over the telephone without giving all 4 bits of information. This is why the CVV number is so important and if protected it's hard to steal any money.

Sometimes, you might pay for something and your Card is taken out of your eyesight. The card is then cloned via a special machine. However a cloned card is not as valuable as one with the CVV.

To combat this threat either never let the Card out of your sight or better cover the CVV number up with a small piece of masking tape. Then, if it's been tampered with you'll soon know about it and can cancel the Card.

This fraud is common abroad

Personally I don't use this trick when I'm at home in the UK. But if going away on holiday I always cover up the CVV number on all my plastic as many countries don't as yet use the Chip & Pin system.

See also

FREE Report

How to Audit your Credit File

With errors your rating will suffer
How a clean credit rating can save you money
4 steps to a clean up any mistakes
Don't discount the importance of your credit file
It's absolutely critical.....
Get the FREE report
[an error occurred while processing this directive]

© 2019 LearnMoney.co.uk All rights reserved

The information on the LearnMoney.co.uk website has been compiled from sources believed to be reliable, but is not warranted to be accurate or complete.
All recommendations and comments are provided for general interest only and should not be construed as advice.
Professional advice should always be sought before buying or investing in any financial product.
The price of securities and any income from them can go down as well as up.
Past performance of a security or market is not necessarily indicative of future trends.
Any opinions and recommendations on LearnMoney.co.uk are given in good faith, but without legal responsibility and are subject to change without notice