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The Clark Howard Podcast

2.27.19 Virtual credit card numbers; Fake Netflix email scam; Social media makes us spend more

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.65.2K Ratings

🗓️ 27 February 2019

⏱️ 36 minutes

🧾️ Download transcript

Summary

Virtual credit card numbers are becoming more rampant. Capital One offers them to its credit card users and its helps in preventing massive amounts of fraud; Watch out for this Netflix email scam floating around; Social media makes us spend more. So stay off it or watch your impulses! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's my pleasure to welcome you to the Carc Howard Show where it's about you learning

0:11.0

ideas to be that will empower you with knowledge so you can keep more of what you make.

0:16.6

Coming up in just a few minutes in today's Carc Rageous Moment, there's a hot rip-off

0:21.7

moving around the internet right now.

0:24.5

I want to tell you what you need to know to protect yourself from this scam that can

0:29.3

eat up your wallet.

0:31.5

And later, speaking of your wallet, do you know that other people online are influencing

0:39.7

you to the point where you're spending money?

0:42.0

You don't need to wait till you hear.

0:45.3

So we'll talk about the problem of credit card fraud.

0:50.7

Today, because of chip cards, the amount of fraud occurring with our credit cards out and about

1:00.2

has reduced significantly the point that it's really a flee on the back of an elephant

1:06.8

for the Visa Mastercard cartel and American Express and Discover that when card is present,

1:16.2

the fraud levels are almost insignificant now.

1:20.7

I know, I know if you got hit with fraud, that it doesn't feel insignificant to you,

1:25.6

but overall, the fraud's way down, but where the fraud has boomed since is with online purchasing.

1:35.0

Creminals are stealing people's numbers all different ways, and then they're having a blast

1:42.3

buying things as if they're you.

1:45.3

And this is ugly because it can cause you so many hassles, not your money if it's a credit card.

1:54.2

You don't have to worry about the money, but still a hassle, you have to get a new number,

1:58.0

get a new card and all that.

2:00.9

Well, now, something that was a great idea at the time that nobody cared about,

...

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