A call from someone (sounded professional and knowledgable) to say that Visa and Mastercard have new regulations and if you have perfect payment record, they must lower your interest rate. However, if you are near the limit within (less than $500), you do not qualify on that card but any card will do as long as it is in perfect position and not close to the limit. It started sounding a little hokey to me.
A call from someone (sounded professional and knowledgable) to say that Visa and Mastercard have new regulations and if you have perfect payment record, they must lower your interest rate. However, if you are near the limit within (less than $500), you do not qualify on that card but any card will do as long as it is in perfect position and not close to the limit. It started sounding a little hokey to me.
This caller tries to extract information saying that they are from Visa and MasterCard and because of new credit regulations, they are required to call people who are not currently late on any payments and have a good payment record to lower their interest rate, They then call your credit card company and try to obtain information and use it. Fortunately, my credit card was maxed so they were unsuccessful. The brain clicked in when my "qualifying for this new rate" required a balance on the card of at least $500. Although I was not "qualified", they called my credit card company immediately. I have since reported it and am receiving a new card that is security code protected. The person who called sounded "official" and I was stupid enough that day to fall for it. Be careful out there. This particular scam can be found by searching "Credit Card Fraud".