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Duration:15:34
Uploaded:2022-05-24
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In this video, Chelsea dives into the most common credit card scams, and how to protect yourself from them. Click here to reserve your spot in our 4-week investing course for $150 (normally $199!) — recordings available if you can't attend live! http://www.eventbrite.com/e/299567734157/?discount=JUNEINVESTINGVIP

For more scamming content, check out our members-only video on how the uber-rich get away with paying almost zero taxes, exclusively for members of our $4.99 Society tier: https://www.youtube.com/watch?v=S6ZEhk9dlXY&

Sources:

Scamming activity: https://www.security.org/digital-safety/credit-card-fraud-report/

Phishing:
https://www.security.org/digital-safety/credit-card-fraud-report/
https://www.self.inc/info/coronavirus-scams/
https://spanning.com/blog/cyberattacks-2021-phishing-ransomware-data-breach-statistics/

Interest rate scams:
https://www.ftc.gov/news-events/news/press-releases/2021/04/ftc-sends-more-11m-refunds-consumers-affected-credit-card-interest-rate-reduction-scam

Online shopping scams:
https://www.ftc.gov/news-events/news/press-releases/2022/02/new-data-shows-ftc-received-28-million-fraud-reports-consumers-2021-0

Retail credit cards:
https://wallethub.com/edu/cc/average-credit-card-interest-rate/50841
https://www.nytimes.com/2017/05/11/business/dealbook/retailer-credit-cards-macys-losses.html
https://www.creditcards.com/statistics/retail-store-credit-card-survey/

Credit card skimming:
https://www.houstonchronicle.com/news/houston-texas/crime/article/Houston-credit-card-skimmers-map-gas-stations-17076417.php
https://www.sandiegouniontribune.com/news/courts/story/2022-04-22/card-skimming-fraud
https://www.dailydot.com/debug/7-eleven-card-skimmer-tiktok/

Sign-up farms:
https://www.marketwatch.com/story/new-spins-on-old-credit-card-scams-what-they-are-and-how-to-avoid-them-2020-07-30

Join this channel to get access to perks:
https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join

The Financial Diet site:
http://www.thefinancialdiet.com

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