There are many people who fall victim to credit card scams in South Africa and around the world. If you have ever been caught up in a credit card scam,then you know just how convincing scammers can be. Here are 3 of the most convincing scams that you will want to be on the look out for.
1. The Jury Duty Credit Card Scam
This scam uses scare tactics to get credit card and other personal information out of victims. This is where the jury duty scam comes into play. In this scam, the con artist calls the victim claiming to be a representative in their area. They tell the victim to show up for a scheduled jury duty arrest an warrant of arrest has been issued in their name. The victim replies by saying that they have never received a jury duty notice.The scammer then says, in order to clear up the matter, they need to verify some information including the victim’s address, ID number, birth date and credit card numbers. The unknown victim who is frazzled and worried about the arrest warrant, complies and gives the caller the information becoming victim to identity theft and credit card fraud.
2. Phone Call Scam Claiming To Reduce Your Credit Card Debt
In this marketing scam, the victim receives a phone call from someone claiming to be the the representative of their credit card company and can get significantly reduced interest rates and debt payments. The scammer tells the victim that the proposed credit card debt reduction will cut thousands off of what they owe and allow them to pay off their debt 5 times faster. By targeting those who are struggling or have bad credit records, these con artists prey on the most vulnerable. However, not everyone knows this therefore is still a potential victim to this sneaky scheme.
3. Skimming Your Card
Skimming machines, known as “skimmers” have became high-tech these days. Recently skimmers have been found in petrol stations and ATM’s across the country.With these skimmersa, credit card data is collected and transferred via bluetooth to the scammers who can then replicate the cards and go on a shopping spree. Other traditional, less technology skimming tricks include restaurant waiters and retail employees skimming your card and then purchasing small items which are mostly missed by the victim. Look at your bill over carefully each month and report mistakes immediately to your credit card company.
If you think you are a victim of credit card fraud ,call your credit card company immediately to have your account suspended and have a new card issued.