Credit card fraud is rampant in the United States. The elderly are a common target for scams because often they aren’t aware of just how savvy thieves can be. Everybody must use caution when it comes to their plastic. There are a few guidelines to keep in mind when using a credit card that can decrease the risk of becoming a victim.
Checking bank statements regularly should be a top priority. Relying solely on the end of the month statement gives a thief plenty of time to rack up hundreds of dollars in purchases. Fixing that mess can take months.
One popular scam involves attaching disguised machines to ATMs that record information from the magnetic strips of credit cards. Using specialized equipment, they can print out duplicate cards. Thieves then watch a recording of people typing in their PINs. They match duplicate cards to the appropriate PIN. The cards are then used like normal. Concealing the buttons on ATM when entering a PIN can help safeguard against this tactic.
It is vital to use caution when entering credit card information online. Scammers will sometimes send bogus links in emails to trick people into entering their financial information into a database. By entering web addresses manually, people can ensure that they are only giving their information to trusted sites.
Credit cards have made life easier for people by allowing transactions over the phone or Internet, but using one is not without risks. Treating credit cards with the same respect as cash can prevent a great deal of fraud.