I just signed for a credit card online. It says: Annual fee: $45. Interest rate: 12.99% pa for purchases, 18.48% pa for cash advances. Up to 55 days interest free on credit purchases. I've bought a item that cost me around $50
1. If a credit cards says 12.99% p.a for purchases does that mean $50 item plus 12.99%? Or if i pay within 55 days theirs interest that i pay.
2. Just say i have a computer that had virus before and only have free anti virus protection. I know most of you's would say go buy a top of the line protection, but lets just say a hacker hacked into my computer and got my credit details.
I know banks say they have secruity with 128 but ercpytion but as we all know on news theirs alot of people that had their credit card numbers hacked.
a) What secruity measures would a standard major bank (in Australia theirs NAB, Commonwealth Bank, Westpac, ANZ, St Geaorge) have against hackers?
b) (most important question) Once a hacker got your details (or even protended to be you=hacked into your details and collected your details such as name, address, d.o.b) and they buy items online or whatever.
i) How do you prove to the bank that it isn't you that buying all those items? I mean the bill wont come until a month later and you wouldn't know yourself either and plus you yourself would still have the credit card.
