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  • I Advice - New Gift Card Scam Alert

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    w jotting down the card numbers in the store and then wait a few days and call to see how much of a balance THEY have on the card. Once they find the card is "activated," they go online and start shopping.

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    If you watch the news or have an email-box, you've undoubtedly seen warnings about gift card scammers who are draining the value from gift cards that were displayed publicly in retail stores. Although these gift card scam warnings are widespread, this type of gift card scam is currently quite rare.

    Gift card scams abound. Yet, it's the little-known gift card scams that are actually the biggest threats. In fact, there are three little-known gift card scams involving online action sites that pose a much bigger risk to consumers.

    We'll explain what these bigger threats are in a moment. But first, let's take a quick look at the email warnings making the rounds:

    --- Begin Email ---

    The crooks have found a way to rob you of your gift card balance. If you buy Gift Cards from a display rack that has various store cards you may become a victim of theft.

    Crooks are now jotting down the card numbers in the store and then wait a few days and call to see how much of a balance THEY have on the card. Once they find the card is "activated," they go online and start shopping.

    You may want t

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    nings are widespread, this type of gift card scam is currently quite rare.

    Gift card scams abound. Yet, it's the little-known gift card scams that are actually the biggest threats. In fact, there are three little-known gift card scams involving online action sites that pose a much bigger risk to consumers.

    We'll explain what these bigger threats are in a moment. But first, let's take a quick look at the email warnings making the rounds:

    --- Begin Email ---

    The crooks have found a way to rob you of your gift card balance. If you buy Gift Cards from a display rack that has various store cards you may become a victim of theft.

    Crooks are now jotting down the card numbers in the store and then wait a few days and call to see how much of a balance THEY have on the card. Once they find the card is "activated," they go online and start shopping.

    You may want

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    gift card scams involving online action sites that pose a much bigger risk to consumers.

    We'll explain what these bigger threats are in a moment. But first, let's take a quick look at the email warnings making the rounds:

    --- Begin Email ---

    The crooks have found a way to rob you of your gift card balance. If you buy Gift Cards from a display rack that has various store cards you may become a victim of theft.

    Crooks are now jotting down the card numbers in the store and then wait a few days and call to see how much of a balance THEY have on the card. Once they find the card is "activated," they go online and start shopping.

    You may want

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    s:

    --- Begin Email ---

    The crooks have found a way to rob you of your gift card balance. If you buy Gift Cards from a display rack that has various store cards you may become a victim of theft.

    Crooks are now jotting down the card numbers in the store and then wait a few days and call to see how much of a balance THEY have on the card. Once they find the card is "activated," they go online and start shopping.

    You may want

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    w jotting down the card numbers in the store and then wait a few days and call to see how much of a balance THEY have on the card. Once they find the card is "activated," they go online and start shopping.

    You may want to purchase your card from a customer service person, where they do not have the Gift Cards viewable to the public.

    --- End Email ---

    As it turns out, these email warnings are, in fact, true. Crooks CAN rob you of the money on a legitimate gift card that is purchased from the publicly-displayed rack of a retail store.

    In fact, the National Retail Foundation recently confirmed this scam, and said: "Reports about a new gift card scam detailing how consumers could lose money from gift cards if criminals steal the card numbers from the back of the card are accurate but somewhat misleading."

    However, experts agree that there are three other gift card scams that pose a much bigger danger this Christmas season:

    - Online auction websites where scammers offer used, fraudulent and counterfeit gift cards for sale.

    - Online auction websites where scammers use stole

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