Credit Card Penny Scams
July 18, 2006
If you have a credit card make sure that you check your statement of course but pay attention to all amounts. Don’t just keep an eye in case a $300 bill comes your way. Watch for penny or small cents charges that you know nothing about and jump on it.
The reason? Credit card scammers especially from other countries will use a computer that will run numbers until it finally finds a good sequence of numbers. They will know it’s good because they will send out a charge for a penny or a few cents and when it goes through, they have your card and can now start charging like there is no tomorrow.
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