Credit Card Scams

Reward points and flyer miles are wonderful things, but they are one of the many traps used to lure people into credit card scams. The credit card industry is enormous, involving billions upon billions of dollars per year, which lures scam artists like moths to a flame. 

There are many types of credit card scams, including false promises of rewards, shady credit card companies that want you to apply for their card by handing over vital information, and many more. 


Credit Card Scams: List Below

Amazon credit cards are a popular form, as are credit card relief scams promising debt solutions that sound too good to be true. Luckily, you can now stop robocalls promoting financial deals easily – see HERE how.

Take care to know what credit card scams are out there, and watch this space to learn about them as they emerge. See below:

compromised credit card

Compromised Credit Card Scam

Compromised Credit Card: How The Scam Works What would you do if you received a call from the Police stating that they had apprehended a gang of youths in possession of stolen credit card information and that yours was among them? Then, on the same call, the Police would advise you to call the fraud […]

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Resale Credit Card Services Scam

How the scam works: We all would love to believe that there is an easy way to earn money from home with very little work required, and the resale credit card services scam capitalizes on this quirk of human nature. The scam begins when a caller claiming to be a representative from a bogus company […]

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Lower Interest Rate

Lower Interest Rate Scam: How It Works (with recording of a real scammer below) The phone rings. You answer. An automated voice mentions the burden of high-interest rates and asks if you’re interested in a lower interest rate for your credit card or mortgage. If you are, you are required to “press 1”, or any […]

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Credit Card Opt Out

How the scam works: Most of us receive a ton of junk mail, regular or electronic. Some of the envelopes/emails might be from credit card or credit union companies offering all kinds of financial offers. The scam comes in when – after bombarding you with tons of envelopes/emails for a few weeks, one of the […]

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Credit Card Charges

Credit Card Charges: How The Scam Works Imagine this scenario: while you’re wondering how to prevent chargebacks, one day you receive a call from your credit card company –  whether that’s VISA, Mastercard, or American Express. Let’s say it’s VISA, for this exercise. You know the call it’s from the real company because you clearly […]

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Loan Through Credit Card

How the scam works: You are looking to buy a home and come across an online promotion that guarantees a loan through your credit card. Giving it a cursory read, it seems to make some sense. There is a big red button that says, “Apply Now!” Since you have trouble saying “no” to big red buttons, you click […]

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Credit Card Lower Rates

Low-Interest Credit Cards Phone Call: Real Deal Or Not? Low-interest credit cards are hot commodities but beware of the latest scam whether you’re looking for 0 interest credit cards or low-interest rate credit cards. There are two variations of this scam: Scenario 1. Did you ever pick up a phone call and the first thing […]

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