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:

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