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The most common questions asked about Credits Cards.
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Credit Card Glossary
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Phishing
definition
What does Phishing mean?

Phishing is a term which entered the English language during the recent years, and which comes to stand for the fraudulent act of basically stealing credit card related information from users. Whenever you set up a banking account, there will be periodical notifications received from it through e-mail. Now, phishing means that the e-mails received actually only resemble in form and content the ones your bank would send, only it is a set up.

Most of the times, in these e-mails, you will be invited to “click” on a link which will redirect you not towards the bank’s actual website, but towards an illegal copy site. There you are asked to sign in just as you would on the bank’s legal site (user, bank account number + password), and this way you have transmitted your personal data to third parties which will have unlimited access to your banking account.

That is why it is very important that you do not entrust unverified sources such as suspicious emails; besides, legal banking institutions display it in their provisions area that they never ask you through e-mails to access links and give out personal information.
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