In other variations, people respond to a text, video, or social media post promising fast cash or even explicitly promoting card cracking as an easy way to pay the bills. You turn over your information for one purpose only to find out that scammers have used it for their own benefit.īut that’s not the only kind of card cracking. That form of card cracking works like other scams involving the unauthorized use of your account data. ![]() The goal is to get the cash in hand before the bank figures out the checks are phony. How does the scam work? Once card crackers have access to your account, they deposit multiple checks – usually remotely – and then make quick ATM or money order withdrawals. ![]() That’s when you can bank on the fact that those “innocent” offers aren’t what they’re cracked up to be. At some point, you’re asked for your bank account information, PIN number, or online banking credential. The variations are endless, but here’s the tip-off that fraud is afoot. Or maybe a webpage that claims to have a celebrity affiliation is offering a gift card giveaway. You see a post on a social media site announcing a contest. The scam is called card cracking* and it may start off innocently enough. ![]()
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