Credit card holders, be warned


10-06-2005, 12:22 AM

Phone scam targets credit cardholders (

CREDIT CARDHOLDERS, BE warned. You might receive telephone calls and letters with offers to upgrade your card. If you are enticed by the offer and give them the information they ask for, you might find that your card has been used for fraudulent transactions.

It happened to a reader. She wrote us about her experience hoping it would serve as a warning to other cardholders.

She wrote: “The caller said, because of my good credit standing, the bank was upgrading my account to a Gold variant which would increase my credit limit. However, he said he needed my card, as well as my PIN (personal identity number) to facilitate the release of my upgraded credit card.”

She gave her PIN, as well as other information requested by the caller.

It was only when she received her bill that she realized she was duped. “I found a loan I did not make, as well as unauthorized online transactions made through my credit card account.”

Credit card companies would normally and usually send letters to their clients informing them of their upgraded credit limit. Let us not entertain phone calls offering loans and credit cards, call the company directly if you want to apply for one. Also, never give out personal information if you did not initiate the phone call. if you receive a call like this, hang up and call back your credit card issuer and confirm with them what that caller just told you. A lot of times, legit companies do not need to know your PIN. :slight_smile:


10-06-2005, 04:40 PM

Hay!!!hwag basta mani2wala at magtiwala.:grrr:


10-06-2005, 04:45 PM

Sabi nga nila, “Walang manloloko kung walang nagpapaloko.”
Kailangan lang nila ang 1) pangalan, 2) credit card number at 3) expiry year and month para mag-online shopping “on your behalf”.