Credit card customers in the UK could be putting their money at risk by using the same Pin for all their plastic, one expert has warned.
Steve Willey, head of credit cards at Moneysupermarket.com, explained that while it is easier to remember just one Pin, forgetting the number of a credit card is preferable to being ripped off.
He said: "Using the same Pin for each of your cards is a gamble ten million of us are taking - but I'd strongly recommend having a different Pin for each. Few of us have more than three cards, so it is barely any harder than remembering one phone number."
Letting your credit card out of sight when making a purchase also puts consumers at risk of fraud, he added.
On Monday, MoneyExpert revealed that around 18,000 credit card applications are being rejected each day.
This is become companies are becoming more selective about who they lend to, it stated.
News Side
Credit card customers warned over Pin risk
Wed, 23 Apr 2008
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