When it comes to gift cards, there are a few things you need to watch out for in order to avoid becoming a victim of fraud. Here are a few tips:
Only purchase gift cards from reputable sources.
Be wary of purchasing gift cards from online auction sites or classifieds websites.
Never give your personal or financial information to someone in exchange for a gift card.
If you are asked to pay for a gift card with a prepaid debit card, wire transfer, or cash, it is likely a scam.
Beware of emails or other online offers that claim you have won a free gift card. These are often scams.
Never buy a gift card from someone who approaches you in public.
If you think you have been the victim of egift card fraud, report it to the card issuer and the Federal Trade Commission. You should also file a police report if you have lost money as a result of the fraud.
