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Does anyone know about this scam ?

New Credit Card Scam .. Snopes says this is true.

This one is pretty slick since they provide YOU with all the information, except the one piece they want.

Note, the callers do not ask for your card number; they already have it. This information is worth reading. By understanding how the VISA & MasterCard Telephone Credit Card Scam works, you'll be better prepared to protect yourself.

One of our employees was called on Wednesday from "VISA", and I was called on Thursday from "Master Card".

The scam works like this: Person calling says, "This is (name), and I'm calling from the Security and Fraud Department at VISA. My Badge number is 12460. Your card has been flagged for an unusual purchase pattern, and I'm calling to verify. This would be on your VISA card which was issued by (name of bank). Did you purchase an Anti-Telemarketing Device for $497.99 from a Marketing company based in Arizona?"

When you say "No", the caller continues with, "Then we will be issuing a credit to your account. This is a company we have been watching and the charges range from $297 to $497, just under the $500 purchase pattern that flags most cards. Before your next statement, the credit will be sent to (gives you your address), is that correct?"

You say "yes". The caller continues - "I will be starting a Fraud investigation. If you have any questions, you should call the 1- 800 number listed on the back of your card (1-800-VISA) and ask for Security.

You will need to refer to this Control Number. The caller then gives you a 6 digit number. "Do you need me to read it again?"

Here's the IMPORTANT part on how the scam works . The caller then says, "I need to verify you are in possession of your card". He'll ask you to "turn your card over and look for some numbers". ; There are 7 numbers; the first 4 are part of your card number, the next 3 are the security Numbers' that verify you are the possessor of the card. These are the numbers you sometimes use to make Internet purchases to prove you have the card. The caller will ask you to read the 3 numbers to him. After you tell the caller the 3 numbers, he'll say, "That is correct, I just needed to verify that the card has not been lost or stolen, and that you still have your card. Do you have any other questions?" After you say No, the caller then thanks you and states, "Don't hesitate to call back if you do", and hangs up. What the scammers want is the 3-digit PIN n umber on the back of the card. Don't give it to them. Instead, tell them you'll call VISA or Master card directly for verification of their conversation. The real VISA told us that they will never ask for anything on the card as they already know the information since they issued the card! If you give the scammers your 3 Digit PIN Number, you think you're receiving a credit. However, by the time you get your statement you'll see charges for purc hases you didn't make, and by then it's almost too late and/or more difficult to actually file a fraud report.

What makes this more remarkable is that on Thursday, I got a call from a "Jason Richardson of Master Card" with a word-for-word repeat of the VISA scam. This time I didn't let him finish. I hun g up! We filed a police report, as instructed by VISA. The police said they are taking several of these reports daily! They also urged us to tell everybody we know that this scam is happening.

Please pass this on to all your family and friends. By informing each other, we protect each other !

Peace and Love...

Pray for the saints...

21 Answers

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  • 1 decade ago
    Favorite Answer

    Yes, I've heard of this scam. Thanks for passing the info along! God Bless You!!

  • Anonymous
    5 years ago

    The fact that he has your real name and home address, you DO NOT want to play him at his own game. That only works if it's an email scammer and your email address does not contain your real name - then you can scambait them. But these are not lone individuals conducting these check scams - they are criminal gangs and you do not want to mess with them when they know where you live. These money laundering scams are usually run by the Russian or Nigerian mafia and they are brutal. All you can do is tell him you deposited the check and were on your way to Western Union when your bank called to tell you there was a problem with the check and you needed to come back. Say you went back and the police were there, who took you into the station for questioning. Say that you gave the police his name and email and showed them the emails that this was a real job offer, and that he has to go to the police station when he's back in the US to sort everything out. Say you still want the job but you will only take cash when you appear at the job, nothing else, as you are now under investigation for bank fraud and your account has been temporarily frozen until he goes to the police and settles this matter. But don't go beyond that since they do know where you live and your real name. Reporting this to the FBI is the best way to get back at them.

  • 1 decade ago

    I never give out my credit card information to an incoming caller...

    If I were to receive this call I would thank the caller hang up and call the credit card company they mentioned directly...

    It's a pretty simple and easy way to protect your credit...

    If you are unsure of the number of your credit card company speak with your bank they have all the appropriate numbers and are very happy to give them to you if asked...

    Source(s): Atheist
  • 1 decade ago

    Remember, your credit card company already knows your security number appearing at the back of your card. It's important to follow your credit card transactions on the net and to call your company if anything suspicious appears. It anything appears unusual have them do a charge back and investigate.

    One night at 22h30 I got a phone call from a man saying he was from my phone company and wanted to confirm my address. I told him if my bills were paid it's cause I got them right! so what ever address they had they would have to deal with that one and I hung up.

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  • 1 decade ago

    Oh my gosh! Thank you so much for the warning. No, I have not heard of that and I just got my first credit card. Thank you so much. If I hadnt read this, I probably would've fallen for it.

    Wow, I really appreciate this.

  • Anonymous
    1 decade ago

    It is another one just as bad Charity

    www.legacynow.org

    Using the old folks Credit and valuable to set up a charity scam, by buying insurance, but they get no benefits, neither does the family,and at last you cannot give to charity of YOUR CHOICE

  • 1 decade ago

    Thanx Alot for the info!!! I just got a new credit card (my first) a month or 2 ago, so knowing helps!!! Thanx again!

    : )

  • 1 decade ago

    I was told another thing that you could do was to ask them to put you on hold and if it was really your credit card company you would hear their normal advertisements like for interest rates and such...

  • 1 decade ago

    The best answer to scams like this, is LIFE LOCK!!! I joined them. For $9.99 a month I do NOT have to worry about scammers like this!

  • Marie
    Lv 7
    1 decade ago

    Thank you for letting us know about this. No, I haven't heard about this one. May the Lord bless you!

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