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FREE CONSULTATION 24/7  |  618-307-4192

What are the major types of credit card fraud?

On Behalf of | Sep 14, 2021 | Criminal Defense

Credit card fraud in Illinois varies from being passive and seemingly innocent to being deliberate and reckless. This act can be committed online, in person, or over the phone. There are different methods used to steal credit card numbers from accessing customers’ accounts to lifting a person’s wallet in a private residence to stealing documents in the trash. It’s essential to know about the different types of credit card fraud that exist.

Stolen card

Stealing a person’s credit card, either by force or in secret, and using it without his or her permission is fraud. This includes stealing the card itself or the card numbers. Forgery is copying the card owner’s personal information and signature on a document or webpage.

Invalid card

It is possible to commit credit card fraud using your own expired or declined card information. Fraud occurs when you attempt to use the card, knowing that it’s invalid or your card account lacks sufficient funds.

Sale of stolen card

Stealing a credit card from a person’s possessions and then selling it is fraud. It also counts if you find a lost card and sell it to another person. Even if you don’t use the card yourself, you can still be charged if there’s proof that you sold it.

Identifying fraud

Credit cards make paying for personal and business items fast and easy. However, credit card fraud makes it difficult for anyone to enjoy the convenience of using mobile cards online, in person, or over the phone. The type of fraud is categorized based on the method used to obtain the card and the illegal use of the card. There are also tips to avoid committing fraud and to identify signs that a card has been used illegally.

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