7 Credit Card Scams You've Probably Already Encountered

In this video, Chelsea dives into the most common credit card scams, and how to protect yourself from them. Click here to reserve your spot in our 4-week investing course for $150 (normally $199!) — recordings available if you can't attend live! http://www.eventbrite.com/e/299567734157/?discount=JUNEINVESTINGVIP

For more scamming content, check out our members-only video on how the uber-rich get away with paying almost zero taxes, exclusively for members of our $4.99 Society tier: https://www.youtube.com/watch?v=S6ZEhk9dlXY&

Sources:

Scamming activity: https://www.security.org/digital-safety/credit-card-fraud-report/

Phishing:
https://www.security.org/digital-safety/credit-card-fraud-report/
https://www.self.inc/info/coronavirus-scams/
https://spanning.com/blog/cyberattacks-2021-phishing-ransomware-data-breach-statistics/

Interest rate scams:
https://www.ftc.gov/news-events/news/press-releases/2021/04/ftc-sends-more-11m-refunds-consumers-affected-credit-card-interest-rate-reduction-scam

Online shopping scams:
https://www.ftc.gov/news-events/news/press-releases/2022/02/new-data-shows-ftc-received-28-million-fraud-reports-consumers-2021-0

Retail credit cards:
https://wallethub.com/edu/cc/average-credit-card-interest-rate/50841
https://www.nytimes.com/2017/05/11/business/dealbook/retailer-credit-cards-macys-losses.html
https://www.creditcards.com/statistics/retail-store-credit-card-survey/

Credit card skimming:
https://www.houstonchronicle.com/news/houston-texas/crime/article/Houston-credit-card-skimmers-map-gas-stations-17076417.php
https://www.sandiegouniontribune.com/news/courts/story/2022-04-22/card-skimming-fraud
https://www.dailydot.com/debug/7-eleven-card-skimmer-tiktok/

Sign-up farms:
https://www.marketwatch.com/story/new-spins-on-old-credit-card-scams-what-they-are-and-how-to-avoid-them-2020-07-30

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