New spins on old credit card scams: What they are and how to avoid them

published 30.07.2020 11:01

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People running these scams recruit people with good credit and offer to pay them for the use of their Social Security numbers to open credit card accounts.

The credit card ‘sign-up farm’ scam Victims of this credit card scam are often willing participants, duped by the promise of easy money for helping generate what they’re told are legitimate credit card rewards.

Also see: 4 costly scams targeting older people In this credit card scam, your smartphone or laptop finds a “public Wi-Fi hot spot,” and when you connect to it, you’re prompted for credit card information to pay for internet access.

Whether they’re putting a new spin on an old scam or inventing a new scheme, calling on the phone or reaching out over the internet, credit card scammers are always lurking and looking to strike.

The simplest way to avoid falling victim to credit card farming scams is to never give or sell your Social Security number or any personally identifiable information to someone else.

by Erin Hurd from marketwatch.com

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