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If you get or give a gift card, here are some steps to follow: Buy gift cards from sources you know and trust. ... Inspect a gift card before you buy it. ... Keep the receipt with the gift card. ... Read the terms and conditions of the gift card. ... Use the card as soon as you can. ... Treat gift cards like cash.

Stores can't trace gift cards, and it's difficult for consumers to prove they weren't the ones who used them. Scammers know that as soon as a gift balance is compromised, the money is theirs. Scammers can easily sell gift cards online.

Store your gift cards securely. If the card has a PIN covered by scratch-off material, leave the scratch-off material in place until the PIN is required. Keep egifts secured in an account or mobile wallet that is password-protected with a strong password and multi-factor authentication (MFA).

After you have filed a police report, contact the company that issued the gift card. Be sure to hang on to the gift cards and your receipts. You may need to provide this information to the card issuer. Gift card issuers may have specific procedures for handling fraud claims, so be sure to follow their instructions.

Tips to prevent getting scammed by and drained gift cards YouTube Start of suggested clip End of suggested clip They write down the numbers and pins then put the cards back. Using computer Bots they wait to seeMoreThey write down the numbers and pins then put the cards back. Using computer Bots they wait to see if money has been loaded onto the card. And if it happens. They.

TIPS TO PROTECT YOUR MONEY Before you buy a gift card, check the packaging for rips, scratches or signs of tampering. ... Make sure the card number on the receipt matches the actual card. Hold onto that receipt. If you notice a problem, call the number on the back of the card immediately.

Scammers can obtain your card numbers and use your gift cards without your knowledge. Register your gift card with the retailer (if possible) and keep the receipt. Doing so will help issuers reclaim your stolen balance.

Gift Card Safety Tips Purchase gift cards from trusted companies. It's best to buy directly from retailers. ... Inspect the card before you buy it. If you purchase a gift card in person, make sure the packaging hasn't been tampered with and do not buy it if the PIN is exposed. Hang onto your receipt.