Credit Card Scam

Yet another credit card scam to be aware of and avoid!!!

Subject: Credit Card Scam-Visa and MasterCard

This one is pretty slick since they provide YOU with all the

information, except the one piece they want.

WARNING…New Credit Card Scam.

Note, the callers do not ask for your card number; they already have


This information is worth reading. By understanding how the VISA

&MasterCard Telephone Credit Card Scam works, you’ll be better


to protect yourself.

One of our employees was called on Wednesday from “VISA”, and I was

called on Thursday from “MasterCard”.

The scam works like this: Person calling says, “This is (name), and


calling from the Security and Fraud Department at VISA. My Badge


is 12460 Your card has been flagged for an unusual purchase pattern,


I’m calling to verify. This would be on your VISA card which was


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


cards. Before your next statement, the credit will be sent to (gives


your address), is that correct?”

You say “yes”. The caller continues – “I will be starting a Fraud

investigation. If you have any question s, you should call the 1- 800

number listed on the back of your card (1-800-VISA) and ask for


You will need to refer to this Control Number. The caller then gives


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


“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


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.

You actually say very little, and they never ask for or tell you the

Card number. But after we were called on Wednesday, we called back

within 20 minutes to ask a question. Are we glad we did! The REAL VISA

Security Department told us it was a scam and in the last 15 minutes a

new purchase of $497.99 was charged to our card.

Long story made short – we made a real fraud report and closed the


account. VISA is reissuing us a new number. What the scammers want is

the 3-digit PIN number 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


never ask for anything on the card as they already know the


since they issued the card! If you give the scammers your 3 Digit PIN

Number, you think you are receiving a credit. However, by the time you

get your statement you’ll see charges for purchases you didn’t make,


by then it’s almost to 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 MasterCard” with a word-for-word repeat of the


scam. This time I didn’t let him finish. I hung 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


Please pass this on to all your family and friends. By informing each

other, we protect each other.