What are some kinds of credit card scams?

Answer 1

Credit cards are the scam.

Credit cards have nearly no security and banks are happy to pay with your money, and then make you prove that you were cheated, rather than make the retailer prove that they are real.

Credits cards have such poor security that there are basically 2 scams.

One, get credit card details. They are written on the card and provided to the store when make a purchase. (Do you really think the guy who works at the local gas station for minimum wage wouldn't pass on credit card numbers to others for a bit of extra cash....of course they would).

So you can basically get them in lots of ways. How about setting up a legit looking web site advertising cheap airfares (lets book them say 1 month in advance), only to steal the credit card numbers (this was a scam run by the Russian majia who force computer graduates to do this type of work).

Don't forget double dipping. Run the card through twice, good way to rip off tourists, who won't know about it until after they have left the country. Or just overcharging tourists, and confusing them with exchange rates.

The other way, is to get personal details, identity theft. Then apply for the credit card. THis is easy to do, you advertise some jobs, interview people, require them to provide information for a security check, and they won't even know about the credit cards until years later.

Answer 2

I've never heard of a credit card being activated by a cell phone...there's no way to verify ownership of a cell number. When you get new cards in the mail that are legitimate, the sticker on them clearly says to call from your HOME phone to activate. This number is cross referenced to your credit card application and is authenticated that way. This is clearly a scam....you may want to check your credit reports to if there's anything else going on. Also, report them to your state's attorney general. You may want to wait until you get your statement, because there is an annual fee of $48, set-up fee of $56, program fee of $96 and $8 a month that if you just ignore will incur late fees and end up at collections. Better to put a stop to it right away. You can get more info by googling Total Visa. They have a pretty cheesy website.

Answer 3

There are many credit card scams out there that merchants should be aware of, but I only know of five scams. I come across it in an article over the Internet.
If you want to know more, you can read about it in the link provided below.
Good luck!