My Cat Received a Better Credit Card Offer Than Me!

Posted January 17, 2014 by CCC Staff in

Multiple Credit Card Offers

For the most part, when people turn 18 years of age, they begin to receive their first credit card offers in the mail. Occasionally the type of offers being received are ever-so-slightly out of the ordinary, whereby the offer arrives for a member of the family who is far too young, or for family members who are not even human.

Here are some examples of cases where credit card offers are verging on the outlandish.

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RFID Wallets: Do They Really Work?

Posted January 14, 2014 by CCC Staff in ,

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You may have seen those ads on TV – the ones where the suspicious-looking character with the hand-held device sneaks past the unsuspecting pedestrian. In just the blink of an eye — voila! The victim’s complete credit card information has been stolen by the sneaky, device-wielding thief.

Unfortunately, this isn’t merely a worst-case scenario dreamed up by an over-imaginative marketing department; it’s urban fact. Thanks to modern technology, a criminal can steal your identity by simply walking past you and recording your credit card information, using a hand-held electronic card reader that anyone can purchase for less than $100. This device has the capability to instantly skim information from the radio frequency identity (RFID) chip imbedded in your credit cards. Your credit card information will then be displayed on a computer that’s equipped with a magnetic strip-writing device, which can be used to counterfeit a new card.

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Paying for Pot With Plastic

Posted January 7, 2014 by CCC Staff in

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As of January 1st, Colorado became the first US state to decriminalize the recreational use of marijuana. Pot tokers have flocked to marijuana retailers, shelling out upwards of $70 for an eighth ounce. Many consumers are using plastic to complete their transactions, which according to the WSJ, is causing some confusion for card processors VISA and MasterCard.

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Top 5 Credit Card Mistakes to Avoid

Posted December 19, 2013 by CCC Staff in

Missed Payment

Whether you already have a credit card or are considering applying for one, you might be curious how to use it to your advantage. After all, plenty of people successfully use credit cards on a regular basis, somehow evading the financial pitfalls that so many are warned about. How do they do it? Well, it’s not as complicated as you might think! As long as you avoid making these five mistakes, you should find it easy to use your credit card responsibly.

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3 Quick Tips for Financial Literacy Month

Posted November 26, 2013 by CCC Staff in

Financial Literacy Month
As you may know, November is Financial Literary Month. Now that the month is winding down, you’ve had lots of opportunities to learn about how to manage your finances better and get and stay out of debt. While learning about fiscal responsibility you may have found yourself thinking the only way to maintain financial health is to cut up all credit cards. Surprisingly, nothing could be farther from the truth. In fact, if you use credit responsibly, you can improve your financial circumstances.

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5 Strangest Purchases Made With A Stolen Credit Card

Posted November 22, 2013 by CCC Staff in

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Unfortunately, credit card theft is a constant & prevalent occurrence in today’s world. Last year American Express Canada, MasterCard Canada & Visa Canada reported a loss of $18,322,777 CAD from just stolen credit cards alone – affecting 34,408 cardmembers. The same report shows an average loss per account of $532.52.

While most stolen card purchases seem to be electronic items, such as Apple products, or used for online shopping, some criminals go out of their way to be different.

Five Strangest Purchases Made With Stolen Credit Cards

  • $1300 for a Puppy – Thieves in the eastern part of the United States decided to use their stolen credit card to buy their new best friend at a local pet store. Not only did they rack up over $1300 for a yorkshire puppy, they continued their shopping spree at a nearby shopping mall.
  • $150 Pizza – Two women, in a small college town in the U.S., decided to spice up their Saturday evening by ordering 80 wings, two 16-inch pizzas, eight two-liters of soda, three orders of 8-piece stuffed bread with a stolen card that just happened to find it’s way into their pockets. At least they included a dollar donation to a children’s charity?
  • $10,000 worth of guitars – Another set of American criminals created a scheme stealing identities and creating fake credit cards to purchase thousands of dollars worth of goods – including a stop at a local music store to pick up $10,000 worth of guitars.
  • $31,000 of gas – Thieves, who may still be at large despite video evidence, used a stolen credit card from a recycling truck to purchase 9,000 gallons of gas over a period of almost an entire year.
  • $9,000 at Target – These criminals, also caught on videotape, used a stolen credit card to purchase thousands of dollars worth of gift cards within minutes, all at the same register – with the same cashier!
  • Ever have your credit card stolen?

    What was the strangest fraudulent purchase you personally experienced? Let us know in the comments below…