You can also take a picture of the gift card and store receipt. Keep your store receipt in case the gift card you’ve purchased is later compromised.Avoid buying gift cards from online auction sites because they may be fake or stolen.Also, check that the PIN number on the back isn’t showing. If you are buying a card that has no cover or seal, thoroughly check it for signs of tampering, such as scuff marks near the bar code or the back of the card.Make sure your card is sealed and the protective cover and tape covering the PIN are intact.Here are some red flags to watch for when buying gift cards this holiday season and what to do if you’ve bought a card that has been compromised. How To Protect Yourself from a Gift Card Draining ScamĬriminals are always adapting to the times and are forever thinking of new ways to take advantage of vulnerable people.

They’re like cash - once the card is used, the money on it is gone.

Gift cards are remarkably popular as holiday gifts and with scammers because they’re easy for people to find and buy and they have fewer protections for buyers compared to some other payment options.

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