Avoid These 6 Credit Card Scams [Updated for 2023]

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent, and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or network providers. Read more about our Editorial Guidelines and How We Make Money.
What Is a Credit Card Scam?
How Do Credit Card Scams Work?
How Does a Credit Card Scam Affect My Credit?
Types of Credit Cards Scams
Credit Card Reader Scams
Gas Station Credit Card Scams
Credit Card Processing Scams
Credit Card Scams by Phone
Prepaid Credit Card Scams
Credit Card Scanner Scams
How to Report Credit Card Scams
Tips for Avoiding Credit Card Scams
Always review your credit card statement to look for unauthorized charges. Verify that a website is secure and reputable before providing your credit card number. Also check out the security/encryption software that the website uses, and verify that the actual individual or company is legitimate. Obtain a phone number and email to contact the seller directly to verify identification and information. Check with the Better Business Bureau and look at other websites regarding the person or company if you have any doubts or suspicions. Be cautious when responding to special investment offers, especially through unsolicited e-mail. Don’t give out your personal information to anyone claiming to represent your bank or credit card company. Instead, call the institution directly to see if the request was legitimate. If possible, purchase items online using your credit card, rather than a debit card, bank account or third party. Credit cards often offer additional purchase protections. Make sure the transaction is secure when you electronically send your credit card number. If anything looks suspicious or if you lose your credit card(s), contact the issuer of the credit card immediately. Check your transactions and credit report frequently for any suspicious activity.
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About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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