Beware of the Dangers

There is a dark side to these small pieces of plastic. For example, have you ever received a telephone call from an obscure company informing you of a prize you’ve just won? Many have. To get your gift, all you have to do is answer some basic questions. But then the caller asks for your credit-card number. Why? Because in reality you have won no gift. Such a caller just wants your credit-card number so that he can make mail-order or telephone purchases on your account.

There are several types of credit-card fraud, costing hundreds of millions of dollars each year. And even when this problem does not directly affect you, if you have a credit card, you are probably paying for such scams through higher fees and interest rates.a