Couples warned over Valentine's credit card fraud

By UK CreditCards.com

Valentine's Day fraudLoved-up couples should be more alert than ever to the threat of credit card fraud as Valentine's Day approaches.

Fraud prevention group Retail Decisions conducted a study that found that online debit and credit card fraud could reach £33m in the lead-up to February 14th.

In addition, the research noted that fraudsters tend to splash out nearly £350 on gifts at this time of year, while the average person only spends £154, the Independent reported.

"Villainous wooers [will] flash the cash to impress with perfume, flowers and champagne," the newspaper suggested.

For couples planning to go on holiday for Valentine's Day, the study noted that Egypt currently has the highest volume of attempted online debit and credit card fraud.

Meanwhile, Axia Fx reported last week that Britons should look to head to Europe for Valentine's Day as the euro exchange rate is slightly more favourable than at this time last year.ADNFCR-2308-ID-19603384-ADNFCR

Published: 11 February 2010