Home > Credit Card Scams > Visa Credit Card Scam

Visa Credit Card Scam

By: Chris Nickson - Updated: 7 Oct 2020 | comments*Discuss
 
Safe From Scams Scams Credit Card Visa

The Visa credit card scam is not a brand new scam and we are unsure as to whether there are actually any incidents of this scam in the UK, but we're reporting it here for you to look out for.

How It Works

It all begins with a phone call purporting to be from the security department with your credit card company (although they'll say Visa, Master Card, or whatever, rather than the actual issuing institution, which should ring warning bells). To sound even more convincing, the person will even quote a badge number.

They'll claim your card has been flagged because of the purchase patterns, then ask if you just bought a particular item from a certain company. Of course, you haven't, which brings up a response that a credit will be issued to your account, and even quote your billing address.

After that the caller will say he's opening a fraud investigation, and give you a Freephone number to call, as well as a case number if you have any questions. Finally, just as verification, you'll be asked for the three digit security code on the back of your card, in case you've lost it or it's been stolen.

By this time, since he has your billing address, the caller seems very plausible, and you might well happily tell him the code. That's the end of the call - but just the start of the scam.

It seems innocent enough, even reassuring. After all, apart from those digits, no one has asked you for information. But the crooks obviously already have your address, name, and they possess your credit card number. The security code is the last piece in the jigsaw. With that, they can start charging items and services to the card.

When you receive the statement, at first you believe the new charges on it are the ones under investigation, but the credit promised by the caller hasn't gone through yet. At that point, however, you've been thoroughly scammed.

How To Avoid It

The simple way to avoid this is to simply never give out any information from your card. A real representative wouldn't ask for any - he'd already have it all in front of him. No matter how genuine the caller sounds, don't give it!

You can always take the caller's information, then call the number listed on the back of your card and ask for him in the "security" department. But it's a safe bet that you won't find him there.

If the caller becomes insistent, saying he's simply trying to protect you, hang up the phone. You can try and obtain the number through dialling 1471, although it will probably be a withheld number. Call your credit card company and tell them of the attempt to trick you out of your security code.

What To Do If You're A Victim

If you've been scammed, you need to inform your card issuer, who will cancel the card and issue you a new one. In most instances the purchases will be deleted from your bill. You should also talk to the police and obtain a crime reference number.

In all likelihood the criminals won't be caught - the odds operate in their favour, sadly - but at least you probably won't owe anything.

You might also like...
Share Your Story, Join the Discussion or Seek Advice..
Hey im her for a crediit card i am a bissnise mann and i do a lot of things
Sean Trinidad - 7-Oct-20 @ 4:11 PM
This website is really usful and it... well; shows me stuff i didn't know c:
Megannn! - 17-Oct-13 @ 1:38 PM
Share Your Story, Join the Discussion or Seek Advice...
Title:
(never shown)
Firstname:
(never shown)
Surname:
(never shown)
Email:
(never shown)
Nickname:
(shown)
Comment:
Validate:
Enter word:
Latest Comments
  • Samh1979
    Re: Builder's Scams
    Don’t fall foul of Arren Safavi from Lancashire decking. He looks and acts all professional however once the deposit is paid that’s him doing a…
    22 April 2022
  • Dia
    Re: Sky TV Scam
    I just received a call from someone saying from Sky not sure if it was genuine. Asked me for my address. Then my bank details, then my password for my…
    2 April 2022
  • Pepper
    Re: Scams And Seniors
    Scammed out of £12500 by a builder who has been to court several times. I paid by my debit card, have I any chance of getting compensation. I am…
    9 September 2021
  • snobbs
    Re: Builder's Scams
    We have been scammed by James Hookey & Libby Hookey... advertised for a roofer on fb, Libby contacted me to say James can help... he came quoted,…
    6 July 2021
  • Villager
    Re: Sky TV Scam
    I received a call from ‘Sky’ this week saying I had overpaid and was due a refund. This seemed fairly plausible as the day before I had telephoned Sky…
    10 June 2021
  • Sam
    Re: Builder's Scams
    Don't use Martin Jacques from swift cavity clear or swift building services based in Manchester.He did a awful job of my garden and charged thousands.
    1 June 2021
  • John
    Re: Bank Identification or BIN numbers Scam
    Okay I just don’t want to euryeurueiieoeoe you talking about to sleep or sleep no sleep sleep no cap on sleep and…
    6 May 2021
  • Scallywaggle
    Re: Builder's Scams
    I have been scammed by a man called James hookey, and his wife Libby hookey, from face book, asking for recommendation, for patio, The wife sends a…
    5 April 2021
  • don’t know
    Re: Vishing Scam
    Had a text message this morning form a mobile number saying that I’ve missed a delivery and that I needed to pay 1.50 to R.M. Lucky enough my iPhone…
    17 March 2021
  • d.a.smith
    Re: Builder's Scams
    DNF Builder and Plastering, based in North East (Newcastle/Gateshead/South Shields/Sunderland), run by David (Mancunian) and Ian. ***Do not…
    28 February 2021