Top 5 Credit Card Scams
Here are the most common types of credit card scams and how to ensure you are safe. Read and educate yourself.
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.
Take care to know what credit card scams are out there, and watch this space to learn about them as they emerge. See below:
5 Tips To Avoid Business Credit Card Fraud
Getting your business up and running is stressful enough. Follow these tips to protect from typical credit card scams.
5 Credit Card Scams and How to Avoid Them
Knowing the most common credit card scams can help you recognize fraudsters lurking on the other end of the screen, telephone, or over your shoulder.
How to Spot a No-Credit-Check Loan Scam
A Must-Read Guide On How To Avoid No-Credit-Check Loan Scams The Federal Trade Commission (FTC) reports that Americans lose over $1 billion to fraud every year. The numbers in the United Kingdom, Australia and Canada are high, too. While fraud happens in many different ways, consumers at large need to be aware of the variety … How to Spot a No-Credit-Check Loan Scam Read More »
6 Common Credit Scams to Watch for When You’re Rebuilding Bad Credit
Credit scams and identity theft caused over $900 million in losses in America last year. The price of being a victim of a credit scam is more than monetary. Valuable time is spent trying to return life to normal. Life is already stressful enough; the last thing you need is someone messing with your credit … 6 Common Credit Scams to Watch for When You’re Rebuilding Bad Credit Read More »
6 Common Credit Scams to Watch for When You’re Rebuilding Bad Credit Read More
The Most Common Credit Card Frauds You Should Be Aware of
Credit card fraud comes in all shapes and sizes. The purpose of it may be to obtain funds from the credit account or to use it to purchase goods. In either case, credit card fraud is very closely linked to identity theft. The Federal Trade Commission says that 5% of all Americans over the age … The Most Common Credit Card Frauds You Should Be Aware of Read More »
The Most Common Credit Card Frauds You Should Be Aware of Read More
All You Need to Know About Credit Card Fraud
When a credit card or its information is used to make purchases unauthorized by the owner, the action is known as a credit card fraud. If you have ever been a victim of it, you know how much of havoc it can cause in your personal finance. Credit card fraud generally happens in two ways. … All You Need to Know About Credit Card Fraud Read More »
Credit Card Interest Rates Are Going Up: the Latest Trap
Credit Card Interest Rates Scam: How It Works There is a new scam going around these days. It comes with a phone call, and it’s the opposite of the Credit Card Lower Rates Scam, infamous last year for making thousands of victims across the globe. Watch the video below to see the Credit Card … Credit Card Interest Rates Are Going Up: the Latest Trap Read More »
Credit Card Interest Rates Are Going Up: the Latest Trap Read More
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 … Resale Credit Card Services Scam Read More »
Compromised Credit Card
Compromised Credit Card: How The Scam Works What would you do if you received a call on your home telephone from the police, stating that they had apprehended a gang of youths that were in possession of stolen credit card information and that yours was among them? Then the police advise you to call the … Compromised Credit Card Read More »
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 … Lower Interest Rate Read More »
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 … Credit Card Charges Read More »
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 … Credit Card Opt Out Read More »
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 … Loan Through Credit Card Read More »
Credit Card Company Message
How the scam works: You get an email that seems to be from your credit card company with the following message: “Dear MasterCard Member, under the User Agreement, Section 9, MasterCard may immediately issue a warning, temporarily suspend, indefinitely suspend or terminate your credit card and refuse to provide our services if we believe that … Credit Card Company Message Read More »
Credit Card Declined
How the scam works: Similar to the Account Upgrade scam, this one comes as an e-mail you receive claiming to be from eBay, saying (the following is an excerpt from a real scammer’s message): “We are writing to alert you that your balance is not paid, because your credit card company declined eBay’s attempt to … Credit Card Declined Read More »
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 … Credit Card Lower Rates Read More »
