Debit / Credit Card Scams to Avoid

Avoid Credit Card Scams Don’t get scammed! If you have ever been the victim of credit card scams, then you are aware of how sneaky and convincing these scammers can be. Unfortunately, many people still fall victim to these scams every year. Credit cards get stolen and both online and offline credit card fraud happens. Why is this allowed to continue? What systems are in place to prevent these problems? How does a thief get your credit card number? What can you do to keep your credit card information safe? Let’s look further into credit card scams and how you can protect yourself.

Credit Card Scam Techniques

How Do They Get Your Credit Card Number?

In order for credit card scams to take place, the first thing the scammers need is your credit card number. They accomplish this in several ways that can be very basic or technologically advanced.

1. Phishing

With this strategy, the thief is a smooth talker who will pose as someone you trust, often as your credit card issuer, and they will convince you to give them your credit card information. Examples include:

  • Hotel Front Desk Scam: A hotel guest will receive a phone call in their room from someone claiming to be calling from the hotel front desk. They usually say that your credit card could not be processed and will ask you to confirm details.
  • Chip Credit Card Scam: The scammers contact you via email, posing as your credit card company. They then inform you that you need to confirm your credit card number and other personal information in order to get the new chip-enabled credit card.
  • Credit Card Fraud Scam: The scammer will contact the victim, sounding very official and may even have all their details such as name and address. They then inform the victim that they will remove the fraudulent charges, but in order to do so they need to confirm that you have the card they are looking for and will ask for the CVV number on your card.

The way to avoid this strategy is to not give away your credit card number or other personal information over the phone, email or even text. Credit card companies don’t call and ask for personal information. It is always best to physically go to the credit card company yourself and confirm these claims.

2. Computer Viruses

Once a hacker manages to install malware on your computer, they can easily steal your credit card information. This is more often the case when you do a lot of online shopping.

Ensure your computer has up to date anti-virus and anti-malware software installed to reduce your chances of falling victim to credit card scams.

Eastex Credit Union offers a wide range of secure cards including credit, debit and gift cards for your convenience. If you’re dealing with financial troubles, we care, and can help. Become a member of Eastex Credit Union and enjoy the best financial solutions at reasonable rates. We’d love to meet with you at any one of our locations and discuss your path to financial recovery. Contact us today!

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