March 10, 2021
Imagine this: you visit an Apple Store, and the next day you get a call asking you to buy $100 gift cards for all of your friends and loved ones. Sometimes they ask for your credit card information. Or, they urgently ask for the gift card barcodes and redemption codes once you’ve loaded the gift cards.
This type of scam is increasing in popularity. It’s essential to understand that if anyone is asking you to buy fake gift cards or pay a debt with a gift card, it’s most likely a scam.
Here’s another scam making the rounds. It involves paying bills via a gift card. It doesn’t matter what bill the scammer claims needs to be paid. If they ask you to pay it using a gift card, recognize that as a huge red flag. Report it immediately. They may say they are from a utility company or the IRS, and you have back taxes that can be settled with gift cards. Do not believe them.
Here are other things that may tip you off that you are communicating with a scammer:
Unfortunately, there are predators out there who are intent on making you confused and flustered. Be vigilant. Also, spread the word on gift cards and related scams so you can better protect your loved ones.
Want the latest wealth management tips, investment insights and Aspiriant news delivered straight to your inbox. Sign up for regular Fathom updates so we can send you the most relevant content you selected below.