Always Beware Of Credit Card Scams

You should always beware of credit card scams because many are used to cheat people who haven’t heard about them. Suddenly an email shows up saying hurry and go to (a link is given) to save your account from being swindled. They will stop the crook from cheating you they say.

When you click the link in the email, does it take you to the website belonging to your bank? No, it takes you to the scammer’s website. There you are urged to rush and send your card numbers and other personal information to him.

Trouble is, the credit company or bank have nothing to do with the website. You have just given out your financial profile to a scammer. You don’t realize what happened till it’s too late. He rushes out to buy a few expensive items before you can report your card stolen.

He may scam you by starting with a Visa card number that he knew was legitimate. Then he tried a series of numbers and expiration dates. He begins with the number after the one he knows is good. For example, the last four digits are 2222 and he then tries 2223.

Next he tries out expiration dates till he finds one that matches. Then he verifies that it works by making a purchase. He immediately voids it to avoid alerting the real owner of the numbers.

Now he looks for a seller who will sell him an expensive item and split the cost among three or four of the credit cards. He uses overnight delivery. The scammer disappears long before the real owner of the credit numbers disputes the charges on the card.

The credit company must assume the loss because anything over $50 cannot be passed on to the real owner of the card. We all suffer as a result because prices are raised. So, beware of credit card scams. You will have to get new accounts, change all your personal passwords and the scammer will still have your social security number.

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