Under Section 75 of the Consumer Credit Act, if you use a credit card for purchases between £100-£30,000:
But you still need to take care – so make sure you don't give your credit card details to anyone you don’t trust.
Explore: How to shop safely online
Every credit card has a unique 3-digit card security code printed on it. It can also be called a CVV code – card verification value. This provides extra protection against fraud when you buy things online or over the phone.
The only place it appears is directly on the physical card – usually on, or near the signature strip. So, when a retailer asks for your security code – they’re essentially asking for proof you have the card in your possession.
Most credit card fraud can be prevented by following some simple rules.
It’s also a good idea to check your bank statements regularly and credit report annually. Your credit report contains information about your credit history.
You can get a copy of your credit report from companies such as:
Explore: How to check your credit report
If you believe you’ve been the victim of credit card fraud, contact your card issuer immediately. In most cases, you’ll be able to reclaim any stolen funds.
If you’re an HSBC customer, you can report a problem here.
Victims of identity fraud should also contact the 3 main credit rating agencies: Equifax, Experian and TransUnion. If someone has your credit card details, they may be able to apply for credit in your name. It’s possible to stop the fraud, but removing damaging credit information from your report can take time.
You should also report online credit card fraud to Action Fraud – the national reporting centre for fraud and cybercrime.