Avoiding Credit Card Services Scams
Credit card services users are no longer safe from scams. With more ways to obtain information stealthily, your bank statements could be the only proof you have that illegal transactions were made on your account. But, why allow yourself to be the next victim if you can heed the warning signs. In able to protect yourself, first you must learn about the different types of credit card scams:
1. Phishing - Fake emails are used to obtain credit card services details through request for information. Although the request may seem legitimate, scammers can use the account details to make unknown online purchases.
2. Card skimming - The magnetic strip of the credit card services may be copied to produce a clone or fake new cards. Through card skimming, account details are stolen and may be used for cash advances and illegal purchases.
3. Using illegal software - Hackers may use spywares or key-loggers to retrieve information from the Internet. You passwords and other personal account information may be used for online banking or other transactions that will steal money from your account.
4. Other types of credit card fraud - You may receive calls from bank representatives asking you for your account number or other details. Others respond to these phone calls thinking that these people can help them with their account problems. Bogus auction sites can also be used by scammers to deceive shoppers into paying them for products that don't really exist.
Tips on Avoiding Credit Card Scams
Avoiding credit card services scams are possible through these safety reminders:
1. Don't respond to unknown emails. Contact the credit card company to verify any form of request. Don't offer information to people you don't know. Whenever possible, do business personally or by using a secured online site.
2. Keep your credit cards in a safer compartment. Always check on them and make sure that you don't bring all of them if you only need to use one. When lost, cancel the credit card use by reporting it to your lender.
3. Always check your bank statements. Go over each transaction. Keep track of your spending and discard receipts safely by shredding.