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by Grimm665 1711 days ago
This seems overblown, I've had credit cards for over ten years in the US, using them in person and online, and the only time I've ever had a fraudulent transaction was an hour after my wallet was stolen, which like yeah, kind of expected.

I'm not sure what you mean by "happens once every couple of years for most people."
2 comments
smaryjerry 1711 days ago
Your personal experience is not statistically relevant data. It is a major problem here in the US, not just fraudulent transactions, but people signing up for credit cards in your name since the equifax data leak, people creating fake ids to be used to reset your accounts in person, constant phone calls attempting to scam people, and even letters in the mail withhuge print saying “last notice - important - pay now” with very small print saying “this is an offer not an invoice” or like that tricks the elderly and those not careful. All of these and more cause massive amounts of fraud in the US.
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Grimm665 1711 days ago
Well the post I was replying to specified credit card fraud as the rampant issue, the list your provided seems to just be general financial fraud. I agree that financial fraud in general in the US, and probably globally, is a huge problem.

Maybe I'm wrong and all of that can be blamed on credit card fraud, but I'm not so sure.

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smaryjerry 1711 days ago
Most of the examples I gave are done to steal your credit card information and make purchases and transactions under your credit and without your knowledge, not just sell you once for $10 that you have to dispute later once you talk to a friend or relative and find out it’s a scam. In those cases the credit card companies end up eating the cost, although when they find out this has happened to you specifically several times or in very large amount then, often through no fault of your own, you will get kicked off the credit card so they can save money.
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mint2 1711 days ago
I’ve had at one card # stolen each year for the past 4 years.

I’m pretty sure it’s gas stations and airport merchants. But it could be hacked online stores.

Amex is good at catching it.

Pnc bank on the other hand wad bad. My work card got used shorty after flying from sfo and PNC bank let them ring up 2,000 of hotel fees and didn’t flag any of it, and due to how the work cards work I didn’t find out until a month or more later

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