Results 1 to 6 of 6
  1. #1
    Budget101 Guru
    Join Date
    Jan 2007
    Location
    Newberry, SC
    Posts
    200
    Blog Entries
    3
    Downloads
    0
    Uploads
    0

    Default Credit Card scam

    (This is forwarded from a food preserving list)

    Thu, Jan 29, 2009
    BE AWARE OF NEW CREDIT CARD SCAM!!!!!!

    Thu., Jan. 29, 2009



    New Credit Card Scam

    Snopes.com says this is true. To verify see this site:

    Http://www.snopes.com/crime/warnings/creditcard.asp

    This one is pretty slick since they provide YOU with all
    The information, except the one piece they want.

    Note, the callers do not ask for your card number; they
    Already have it.. This information is worth reading. By
    Understanding how the VISA & Master Card Telephone Credit Card Scam works, you'll be better prepared to protect yourself.

    One of our employees was called on Wednesday from 'VISA', and I was called on Thursday from 'Master Card'. The scam works Like this:
    Caller: 'This is (name), and I'm calling from the Security and Fraud Department at VISA. My Badge number is 12460. Your card has been flagged for an unusual purchase pattern, and I'm calling to verify. This would be
    On your VISA card which was issued by (name of bank). Did you purchase an Anti-Telemarketing Device for $497.99 from a Marketing company based in ?'

    When you say 'No', the caller continues with, 'Then we
    Will be issuing a credit to your account. This is a company we have been watching and the charges range from $297 to $497, just under the $500 purchase pattern that flags most cards. Before your next statement, the
    Credit will be sent to (gives you your address), is that correct?'

    You say 'yes'. The caller continues - 'I will be
    Starting a Fraud investigation. If you have any questions, you should call the 1- 800 number listed on the back of your card (1-800 -VISA) and ask for Security.'

    You will need to refer to this Control Number. The caller
    Then gives you a 6 digit number. 'Do you need me to read it again?'

    Here's the IMPORTANT part on how the scam works. The
    Caller then says, 'I need to verify you are in possession of your card'.

    He'll ask you to 'turn your card over and look for some numbers'. There are 7 numbers; the first 4 are part of your card number, the next 3 are the security Numbers that verify you are the possessor of the card. These are the numbers you sometimes use to make Internet purchases to prove you Have the card. The caller will ask you to read the 3 numbers to him.After you tell the caller the 3 numbers, he'll say, 'That is correct, I just needed to verify that the card has not been lost or stolen, and that

    You Still have your card. Do you have any other questions?' After you say No, The caller then thanks you and states, 'Don't hesitate to call back if you do, and hangs up.

    You actually say very little, and they never ask for or

    Tell you the Card number. But after we were called on Wednesday, we called back within 20 minutes to ask a question. Are we glad we did! The REAL VISA Security Department told us it was a scam and in the last 15 Mins. a new purchase of $497.99 was charged to our card.

    Long story - short - we made a real fraud report and

    Closed the VISA account. VISA is reissuing us a new number. What the scammers want is the 3-digit PIN number on the back of the card. Don't give it to them. Instead, tell them you'll call VISA or Master card directly for verification of their conversation. The real VISA told us that they will never ask for anything on the card as they already know the information since they issued the card! If you give the scammers your 3 Digit PIN Number, you think you're receiving a credit. However, by the time you get your statement you'll see charges for purchases you didn't make, and by then it's almost too late and/or more difficult to actually file a fraud report.

    What makes this more remarkable is that on Thursday, I

    Got a call from a 'Jason Richardson of Master Card' with a word-for-word repeat of the VISA scam. This time I didn't let him finish. I hung up! We Filed a police report, as instructed by VISA. The police said they are taking several of these reports daily! They also urged us to tell everybody we know that this scam is happening.
    Last edited by d_awalker; 01-30-2009 at 07:31 AM. Reason: Removed unneccessary information and added information to let others know it was forwarded.


  2. #2
    Budget101 Guru
    Join Date
    Oct 2008
    Location
    Jacksonville, FL
    Posts
    260
    Blog Entries
    13
    Downloads
    0
    Uploads
    0

    Default Re: Credit Card scam

    This is soooo true !!! I used to work for CitiCards and so did my husband. He actually now works for Bank of America in the REAL FRAUD DEPARTMENT !!!!

    A real Credit Card company will NEVER call you and then ask for that 3 digit code. If you ever suspect anything just hang up and call the phone number on the back of you credit card if there is a real problem they will be able to see it right away.

    Also another tip I want to add is be aware of the so called "SERVICES" and credit protection devices" that your own credit card company will try to sell you.

    What they are is something that is supposed to protect, like if you ever lose your job, this so called "credit protection" will pay your balance off on your card. NEVER EVER GET ONE EVER !!!!

    These type "services' and "offers" are just another way credit card company are getting richer and richer. These services NEVER EVER pay the balances. And they accrue intrest just like a purchase. PLus almost almost all of these are based on your balance.

    WHat the company I worked for offered was 69 cents per 100 dollars added every month.
    So if you had a $7000.00 balance then it was going to add $48.30 a month to your bill.

    That's EVERY month and that also earn intrest just like purchases !!!!

    The credit card company's are making a fortune off these especially NOW because so many people don't know if they are going to be laid off or lose their jobs. So when they hear that it might pay off their balance if they do lose their job or get sick then they do it. It's one of the worst thing you can do.

    It's not frugal by any means and we surely don't want to make to Credit Card Company's any richer than we have to !!!!
    Lo, children are an heritage of the LORD. Psalm 127:3
    There shall nothing cast their young, nor be barren, in thy land: the number of thy days I will fulfil.
    Exodus 23:26

  3. #3
    Smart Budgeter
    Join Date
    Jan 2008
    Location
    Ms
    Posts
    84
    Downloads
    0
    Uploads
    0

    Star Re: Credit Card scam

    I thank you both for posting these. My dh and I just added that credit protection on our credit card. Ughhhhh!!! I thought they were being for real. It's gotten to where you can't trust anyone on these credit cards. I told my dh that if we couldn't pay cash for it, we just didn't need it. But of course, I don't have a clue what I'm talking about. Anyone, have a wonderful and blessed day all!!

    Hugs,
    Syndy

  4. #4
    Budget101 Done Digging
    Join Date
    Sep 2008
    Location
    Missouri
    Posts
    651
    Blog Entries
    9
    Downloads
    0
    Uploads
    0

    Default Re: Credit Card scam

    Thank you both so much for the information on credit cards. I'm so glad that I read this, I'm sending this to a friend right now. It sure is nice to know these things.
    Tonia

    Wisdom is doing now what you will be happy with later on.

  5. #5
    Budget101 Guru
    Join Date
    Jan 2007
    Location
    Newberry, SC
    Posts
    200
    Blog Entries
    3
    Downloads
    0
    Uploads
    0

    Default Re: Credit Card scam

    You all are welcome to the information. I never would have had it if someone had not sent it to me. Usually, I would not even read those types of emails but when she researched it on snopes before even sending it, I knew it was important!

    If it would not affect my credit score, I would close our accounts because sometimes I think it is not even worth it to have the cards open considering all that can go wrong.

  6. #6
    Deal Goddess
    Join Date
    Jan 1995
    Location
    in front of the puter
    Posts
    92,582
    Blog Entries
    7
    Downloads
    41
    Uploads
    32

    Default Re: Credit Card scam

    Congratulations d_awalker!

    Your post, Credit Card scam , was nominated for Topic of the Week and Won! You have just received 25,000 Experience Points to spend in our Experience Shop.

    Thank you for your participation in the forums and adding content that our members can appreciate and value.

    We look forward to reading more of your posts.
    ~Enjoy!~

    FreebieQueen

    Like Budget101 on Facebook!
    Join us on Twitter #Budget101



 

 

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •