IN THE KNOW
DON’T GET SCAMMED: GIFT CARD TIPS FROM THE FTC
FEBRUARY 28, 2025 | FRAUD PREVENTION
Gift cards are a popular and convenient way to give and receive gifts. However, they have also become a large target for scammers. To help you avoid falling victim to these schemes, we've compiled essential information and tips from the Federal Trade Commission (FTC).
RECOGNIZING THE SIGNS OF A GIFT CARD SCAM
Scammers often use specific tactics to trick you into providing gift card information. Here are some common warning signs:
Unexpected Contact
- Be cautious if you receive unsolicited calls, emails, or messages claiming you owe money or have won a prize. Scammers create a sense of urgency to prompt quick action.
Specific Gift Card Requests
- If someone insists that you purchase a particular type of gift card (such as Target, Apple, or Google Play) and provide the card details, this is a significant red flag.
Request for Card Information
- Legitimate companies will never ask for the gift card number and PIN. If someone requests this information, it's likely a scam.
STEPS TO PROTECT YOURSELF
- 1. Trust Your Instincts
- Reputable businesses will not pressure you to make payments using gift cards.
- 2. Safeguard Your Information
- Never share your gift card details with anyone you do not know or trust. Once scammers have this information, they can easily drain the card's value.
- 3. Verify Independently
- If you're unsure about a request, contact the company directly using verified contact information. Do not use any contact details provided by the potential scammer.
TAKING ACTION
If you suspect that you have been targeted by a gift card scam, it is crucial to act quickly. Report the incident to the FTC and follow their guidelines on how to avoid and report scams. For detailed instructions, visit the FTC's guide on gift card scams:
By staying vigilant, you can protect yourself from gift card scams and enjoy the benefits of gift cards without worry!
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