4 Common Gift Card Scams: Learn How to Spot Them & Avoid …

4. Drained gift card scams. Some individuals have learned the disappointing news that their gift card has been tampered with when they go to use it for a purchase.

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$228 Million Lost In Gift Card Scams, 73 Million Americans …

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According to the Better Business Bureau, reports of gift card fraud have grown by 50% compared to the previous year, with online shoppers bearing the brunt of this alarming trend. A recent …

msn.com

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With Gift Card Scams On The Rise, New Report Urges Reforms

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Dec 12, 2022 · WASHINGTON—’Tis the season for gift card scams. Fraudsters bilked U.S. consumers out of more than $230 million in 2021, and holiday shoppers are among their most …

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Michigan Woman Bought Best Buy, Target Gift Cards In Norton Scam

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Sep 11, 2024 · And the letter raised the notion that more than $3 million was stolen in an elaborate gift card scheme that hit victims across the country. The scam, according to court …

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Pa. Attorney General Issues Warning About Increased Gift Card …

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Nov 20, 2018 · So Best Buy and Walmart are now limiting the total value of a single gift card to $500, down from $1,000 to $2,000 with an overall card limit of $1,000 TO $2,000, down from …

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Richmond Victim Warns Of Apple Gift Card Scam

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Sep 21, 2022 · An Apple giftcard scam has a Richmond victim warning others. Karl Tapales/Getty Images . Listen to this article. 00:03:15 “It’s like that image of $1,000 with little wings flying out …

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FAQs about 4 Common Gift Card Scams: Learn How to Spot Them & Avoid … Coupon?

Are gift cards used in scams?

Gift cards are popular and convenient, and not just for gifts. Con artists have used gift cards as a convenient form of payment in their scams. In a 2022 AARP survey, 1 in 3 adults reported that they or someone they know had been asked to purchase a gift card to pay a bill, fee, or some other debt or obligation or to claim a prize. ...

What is a drained gift card scam?

Drained gift card scams Some individuals have learned the disappointing news that their gift card has been tampered with when they go to use it for a purchase. How it happens: Criminals take gift cards off the racks in stores, copy down the gift card numbers and security codes, and then put the cards back. ...

Is Amazon gift card scam a scam?

A new Amazon gift card scam has emerged that seeks to capitalize on the rise in online spending during the holiday season to infect victims with a banking trojan. According to a report from security firm Cybereason, scammers are distributing a highly convincing phishing email that contains a document “weaponized with malicious macros”. ...

Was $3 million stolen in a gift card scam?

And the letter raised the notion that more than $3 million was stolen in an elaborate gift card scheme that hit victims across the country. The scam, according to court documents, ran from Nov. 19, 2020, through Aug. 13, 2023. Hundreds of victims had been scammed online, the letter said, by a 31-year-old man in Fairfax, Virginia. ...

What should I do if a gift card is fraudulent?

Ensure protective stickers are still securely attached to the card, and confirm that the card numbers and PIN on the back aren't showing. It's also wise to keep the receipt and take a photocopy of the gift card should you need to report fraud.Treat gift cards like cash. ...

Are e-gift cards phishing?

Be cautious with e-gift cards. "Be wary of emails or texts claiming you've been sent a gift card from a family member or friend-this is a tried-and-true phishing technique," advises Bunn. "Verify the sender before clicking on any links."Buy from trusted retailers. ...