credit cards

5 ways to fall victim to credit card fraud

Credit Cards » 5 Ways To Fall Victim To Credit Card Fraud

Failing to look for skimmers
Failing to look for skimmers

Thieves may attach skimming devices to the exterior of an ATM or point-of-sale terminals requiring a PIN, or personal identification number. It's worth the few seconds it takes to glance before you swipe.

"Always take a look at the machine to see if there (are) any visible traces of activity, such as glue or scuff marks or loose bits around the PIN pad or the place where you insert your card," says Manisha Thakor, co-author of "On My Own Two Feet: A Modern Girl's Guide to Personal Finance." "Those are telltale signs that an attempt may have been made to attach a skimmer."

She says you should pay close attention when you're visiting an ATM in a low-traffic locale, where it's easier for someone to attach a device. When in doubt, use a different ATM.

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.80% --0.00 15.80%
Cash Back Cards 16.42% --0.00 16.42%
Low Interest Cards 11.09% --0.00 11.09%
 
Search
advertisement
CREDIT CARDS WEEKLY NEWSLETTER
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Credit Card Blog

Jeanine Skowronski

US credit cards to work in Cuba

The U.S. is moving to normalize relations with the nation for the first time since 1961.  ... Read more

Partner Center
advertisement

Connect with us