As you prepare for joyful gatherings and gift-giving, don’t let scammers spoil your festivities. Keep these practical suggestions in mind to help safeguard your holiday shopping.
Beware of unrealistic deals
When you have so many gifts to buy, you’ll want to look for bargains. However, make sure that the discounts you’re offered are legitimate. Scammers often lure buyers with massive discounts, especially on popular and sold-out items, often using fake websites or social media ads. If you think, “this deal is too good to be true,” listen to your gut. It’s likely a scam.
Shop with trusted retailers
When shopping online or on social media, make sure to only buy from trusted websites and vendors. Review the website’s URL and ensure that it starts with https:// (the ‘s’ stands for secure) as scammers can create fake websites to look like legitimate retailers. If you’re unfamiliar with a store, search for the name with terms like “scam,” “complaints,” or “reviews” to uncover any red flags.
Be especially cautious when making purchases from social media marketplaces. Always verify the product exists before purchasing and use payments with purchase protections, like a credit card, to pay.
Gift card scams typically begin with outreach from a scammer, often pretending to be someone else, who urgently pressures victims into buying specific gift cards and sharing the card numbers and PINs. Scammers use various stories, such as pretending to be government officials, tech support, friends or family in emergencies, prize promoters, utility companies, or online romantic interests. Remember: Legitimate organizations will never demand payment by gift card, and requests for gift card payments are a sign of a scam.
How you pay matters
Not all payment methods offer purchase protection. When buying gifts for the holiday season, consider using your debit and credit cards, as they may provide protections that allow you to dispute dispute a charge if you don’t receive what you paid for or it’s not as you expected. If you purchase something using payment methods like Zelle®, wire transfers, gift cards, or cash, and it turns out to be a scam, it’s unlikely you’ll get your money back. Only use Zelle® to pay others you know and trust.
Seek out free resources
Give yourself peace of mind while shopping by using digital tools to monitor your personal information. For example, Chase Credit Journey® offers free credit and identity monitoring. This includes alerts to let you know if your data is exposed in a data breach or on the dark web. You don’t have to be a Chase customer use it.
To learn more about how to help protect yourself from scams this holiday season, visit Chase.com/SpotScams.
