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Credit Card Phishing Scams
All new technologies come with their drawbacks and it is no different with credit cards. One of these drawbacks goes by the name of Phishing. When a person uses a fraudulent email or online shopping site to get hold of information about your credit card or bank, it is called phishing.
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Phishing is easy which is why it is so popular with thieves. In the
first instance, it begins with a cleverly phrased email that seems
to come from your credit card company or your bank. It usually asks
you to provide confidential details for verification. It may also
threaten to close your account unless you give the necessary
information. Another popular method is to set up fake shopping
websites that only accept online credit card payment. You will
never get the goods that were displayed. If you comply in either
instance, you will end up with a highly inflated credit card bill
and a sadly depleted bank account statement.
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How To Protect Yourself From Phishing?
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Bad Credit Personal Loan The best way to protect your credit card from phishing is to reveal information only after cross checking. Often, all you need to do is contact the concerned bank or company and confirm the email. A detailed scrutiny of the email before dashing off a reply also helps. Such emails usually do not have a salutation like 'Dear Customer.' The name of your Credit Card Company or bank will also be spelt incorrectly. Since anti-phishing scanners search text messages, phishers may enclose the message as an image. If your credit card requests are contained in an image, be doubtful.
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In case of online shopping sites, beat the tricksters at their own
game. For a first time purchase, use a credit card that is about to
expire and has minimum credit. If the purchased item does not land
at your doorstep within the promised time, at least your losses
will be limited and you can be sure that the information cannot be
used to perpetuate a bigger fraud.
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Credit Zack Nelson recommends Find Credit Cards to find a Chase rewards card.
Catalog clubs and store cards disguised as credit cards for people with bad credit are one of the most commonly used scams that prey on people who think they need a credit card. They may masquerade as a way to rebuild your credit, or offer you a ' approved credit card with a spending limit of ' anywhere from $1500 to $5000.
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