| 4 Credit Card Scams That Could Drain Your
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| | number on the phone to someone you do not
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| Bank Account
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| | know. The trickster may call you up
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| 15th March 2007
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| | pretending to be from the card company or
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| Author: Anthony Samuel
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| | some other company you do business with.
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| There are many ways that fraudsters
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| | Still do not give your card details to
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| commit credit card fraud and in this
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| | him. Insist on calling back on the number
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| article, we cover the Top 4 credit card
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| | you have of the company.
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| scams that you need to be aware of:
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| | Do not respond to any email that asks you
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| 1. Application Fraud
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| | to disclose your credit card details. Be
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| This can be an assumed identity fraud
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| | extra cautious of emails that ask you to
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| where an individual pretends to be
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| | click on a link and verify your financial
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| someone that he is not. Or it can be a
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| | information. They are mostly 'phishing'
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| financial scam where an individual
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| | scams. If you want to check the site, do
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| provides false financial details in order
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| | not click on the link. Instead type out
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| to acquire credit.
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| | the url on the address bar and check the
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| 2. Lost or Stolen Credit Cards
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| | authenticity of the site. Be careful not
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| With the advent of modern technology,
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| | to provide credit card information on any
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| even the credit card scams have gone high
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| | unsecured website.
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| tech. Nowadays, tricksters produce fake
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| | Some More Do's and Don'ts
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| credit cards and trick merchants. They
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| | Don't write down the PIN number on your
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| also copy information from the magnetic
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| | credit card or even keep it in your
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| band on the reverse of the credit card,
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| | wallet. Your wallet is equally prone to
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| or the information stored on the smart
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| | being stolen.
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| chip.
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| | Do make sure that you keep your credit
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| 3. Postal Intercept Deception
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| | card receipts properly and do not keep
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| This happens when a card is stolen from
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| | them lying all around you.
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| the postal service prior to it reaching
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| | Do be careful that others around you
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| its owner. Postal intercept fraud has
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| | cannot copy your credit card number.
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| become a less famous aspect of credit
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| | Don't carry all your credit cards all at
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| card fraud, especially in the EU.
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| | the same time. If your wallet gets
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| This is primarily due to successful
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| | stolen, then all the cards will be lost
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| monitoring of those who work for the
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| | at one go. Ideally, it would be better if
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| postal service. Also, the card issuers
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| | you carry your credit cards in any place
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| have also started to take various
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| | other than your wallet.
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| safeguards such as requiring personal
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| | Don't lend your credit card to any one.
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| identity confirmation at the point of
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| | Do scrutinize each item on your credit
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| credit card activation.
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| | card bill to ensure that you have not
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| 4. Site Cloning and False Merchant Sites
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| | been overcharged.
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| On the Internet these are fast becoming a
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| | Don't sign a blank credit card receipt.
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| common technique of credit card scams for
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| | If at any time, you feel victimized, you
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| many fraudsters with a proficient
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| | must promptly let your issuer know.
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| aptitude for hacking. They make people
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| | As long as there are credit cards there
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| provide their credit card details without
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| | will be credit card scams but common
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| realizing they have been tricked.
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| | sense and vigilance coupled with ever
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| Precautions To Be Taken To Avoid Credit
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| | developing scam detection technology
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| Card Scams
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| | should make credit card fraud rather
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| The best way to avoid credit card scams
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| | negligible.
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| is to be on the lookout for any
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| | This article was brought to you courtesy
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| fraudulent activity. Be alert whenever
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| | A credit card directory where you can
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| you are using your credit card. Whenever
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| | search, compare and apply for credit card
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| you give your card to the merchant, keep
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| | offers from leading credit card companies
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| an eye on it. See what he is doing and
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| | as well as find tools and credit card
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| take it back as soon as possible. Do not
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| | articles to help you choose the right
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| let it go out of sight for too long.
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| | credit card.
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| You must not give out your credit card
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