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Credit Card Scams How To Protect Yourself

By Vickie J. Scanlon




Credit cards and debit cards are an important asset to protect. If you haven't noticed or not aware, the United States is slowing catching up to Europe with the use of credit cards vs checks. It more convenient and it helps the environment.

However, with the increased use of a credit card/debit card, comes the scammer. The scammer is finding new and inventive ways to help you to unwittingly part with your money. Below are some ways in which you can protect yourself and your credit card from possible scammers.


1. If you travel, it is always wise to Xerox the contents that you have in your wallet. Not the money, just the credit cards and license, both sides. If you travel overseas, it wise to Xerox your passport. That will help against fraud if they get a hold of your name, address, social security number, credit card, etc.

2. Keep an eye on your credit card-and make sure that you get it back as quickly as possible. Why? They may be taking down your credit card information.

3. Be careful who you give your credit card information too. For example: If you're in a hotel, and you receive a call stating it is the front desk calling and they need to verify your credit card. Do not give them the credit card number-state you will go down to the front desk to take care of the problem. A red flag should instantly go up. Why would they ask for the information after you have just given them a short time ago? It's probably a scam.

4. Never give your account number over the phone unless you are the one that has initiated the call and you know that the company is reputable.

5. Remember, legitimate companies do not call to ask for a credit card number over the phone. If there is a problem with your credit card and they want you to verify the number, state that you will call the 800 number directly regarding the credit card before releasing any information.

Note: a new scam is hitting the phones-the scammer is requesting your three digit security number on the back of your card. This is verification that you hold the card. Do not give it out. How it goes down:

The caller will state they are from say VISA and they want to verify some information because it looks like there was some suspicious activity on your account. Though you may think that they are after your account number, they are not. Why? They already have it. But they need the three digit number on the back of your credit card to complete any transactions online. If anyone requests information about your account number that should be a red flag. The credit card company never asks for information about your card. Why? They already have the information.