Always Beware Of Credit Card Scams
Everyone should be warned to beware of credit card scams. The scammers in one scheme send out an email telling you your bank account has been compromised. They give you a link to go to for it to be corrected. They rush you by saying you only have so much time to stop the criminal.
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.
Of course, the site does not have anything to do with your bank. They are simply getting you to share your information. After it’s all over, you suddenly realize what happened. He quickly shops for expensive jewelry and electronics before you can report the numbers stolen.
One scam goes like this. He gets a Visa number (somewhere, somehow) that he knows is accepted. He uses the numbers and guesses at the expiration date and last four digits until he hits on the correct ones. Using the last four digits on the good card, he tries the following series of numbers. For example, if the good card uses 9932 he tries 9933 and up.
He then has to try all possible expiration dates. When it works, he verifies it by making a small purchase, then voiding it. He puts in tedious hours compiling a list of credit card numbers that he has confirmed are good.
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 card company has to absorb the loss because the holder cannot lose more than $50. Who pays? We all do because prices are raised by the merchants. So, beware of credit card scams. When you get email from anyone you don’t know, click delete.
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