Credit card fraud on the increase OVERSPENDING is not the only credit card issue consumers need to watch this Christmas. Members Equity Bank says increased credit card use at this time of year makes the cards more vulnerable. "Credit cards have many advantages, such as convenience, but it is important consumers are careful with their cards," said Members Equity Bank head of strategy and retail marketing Sue Jamieson. "Criminals are getting smarter and the incidents of fraud in Australia are increasing," she said. We encourage consumers to be aware of scams, other fraudulent tricks and to take extra precautions this holiday season. Ms Jamieson said people should keep their PIN secret from everyone, including family, and avoid writing it on paper. Other tips include: ALWAYS watch the sales assistant swipe your card, which should occur once per transaction. IF the transaction fails or is cancelled, ask to see the receipt. LOOK our for unusual devices - illegal devices may be hand-held or stored near the legitimate card terminal. It's a good idea to review your statement each month for unusual transactions. You should contact your bank immediately if you spot any irregular transactions," Ms Jamieson said.