| There are many ways that fraudsters commit credit | | | | See what he is doing and take it back as soon as |
| card fraud and in this article, we cover the Top 4 | | | | possible. Do not let it go out of sight for too long. |
| credit card scams that you need to be aware of: | | | | You must not give out your credit card number on the |
| 1. Application Fraud | | | | phone to someone you do not know. The trickster |
| This can be an assumed identity fraud where an | | | | may call you up pretending to be from the card |
| individual pretends to be someone that he is not. Or it | | | | company or some other company you do business |
| can be a financial scam where an individual provides | | | | with. Still do not give your card details to him. Insist on |
| false financial details in order to acquire credit. | | | | calling back on the number you have of the company. |
| 2. Lost or Stolen Credit Cards | | | | Do not respond to any email that asks you to disclose |
| With the advent of modern technology, even the credit | | | | your credit card details. Be extra cautious of emails |
| card scams have gone high tech. Nowadays, | | | | that ask you to click on a link and verify your financial |
| tricksters produce fake credit cards and trick | | | | information. They are mostly 'phishing' scams. If you |
| merchants. They also copy information from the | | | | want to check the site, do not click on the link. Instead |
| magnetic band on the reverse of the credit card, or | | | | type out the url on the address bar and check the |
| the information stored on the smart chip. | | | | authenticity of the site. Be careful not to provide credit |
| 3. Postal Intercept Deception | | | | card information on any unsecured website. |
| This happens when a card is stolen from the postal | | | | Some More Do's and Don'ts |
| service prior to it reaching its owner. Postal intercept | | | | Don't write down the PIN number on your credit card |
| fraud has become a less famous aspect of credit | | | | or even keep it in your wallet. Your wallet is equally |
| card fraud, especially in the EU. | | | | prone to being stolen. |
| This is primarily due to successful monitoring of those | | | | Do make sure that you keep your credit card receipts |
| who work for the postal service. Also, the card issuers | | | | properly and do not keep them lying all around you. |
| have also started to take various safeguards such as | | | | Do be careful that others around you cannot copy |
| requiring personal identity confirmation at the point of | | | | your credit card number. |
| credit card activation. | | | | Don't carry all your credit cards all at the same time. If |
| 4. Site Cloning and False Merchant Sites | | | | your wallet gets stolen, then all the cards will be lost at |
| On the Internet these are fast becoming a common | | | | one go. Ideally, it would be better if you carry your |
| technique of credit card scams for many fraudsters | | | | credit cards in any place other than your wallet. |
| with a proficient aptitude for hacking. They make | | | | Don't lend your credit card to any one. |
| people provide their credit card details without realizing | | | | Do scrutinize each item on your credit card bill to |
| they have been tricked. | | | | ensure that you have not been overcharged. |
| Precautions To Be Taken To Avoid Credit Card | | | | Don't sign a blank credit card receipt. If at any time, you |
| Scams | | | | feel victimized, you must promptly let your issuer know. |
| The best way to avoid credit card scams is to be on | | | | As long as there are credit cards there will be credit |
| the lookout for any fraudulent activity. Be alert | | | | card scams but common sense and vigilance coupled |
| whenever you are using your credit card. Whenever | | | | with ever developing scam detection technology |
| you give your card to the merchant, keep an eye on it. | | | | should make credit card fraud rather negligible. |