by Andrew Kunesh, Senior Reporter, Cards & Loyalty
I regret to inform you that financial scams are on the rise.
Rest assured, though, that in addition to providing the news, I also have tips to protect yourself and your money from fraud. So, let’s start with what you need to know: Fraudsters are using social engineering to steal others’ points and miles from their loyalty programs.
Unfortunately, this exact tale inspired a TPG story about one of our readers, who logged in to his Chase account only to see that all his Ultimate Rewards points had disappeared. Fraudsters had gained access to his personal information and transferred his points over the phone.
Other scams on the rise include romance scams and inheritance scams. Playing on the sympathy of others, fraudsters are even victimizing consumers through humanitarian relief scams.
You can take steps to lessen your chances of becoming a victim, including monitoring your account regularly, setting up account notifications and refraining from giving sensitive information over the phone, text, email or social media.
It’s important to also set up two-factor authentication on your accounts and not use the same password for multiple accounts.
You don’t have to live in fear; this is just a friendly reminder to protect your hard-earned points and money. For more safety tips, check out these stories:
Posts in this newsletter contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products, and this may impact how or where they appear. For an explanation of our Advertising Policy, visit this page.
Marriott Cash + Points lets you use a mixture of points and cash to book a stay. Learn how to book a Marriott Cash + Points stay and when it makes sense.
The U.S. Travel Association's Daily Getaways promotion is back with new deals each day offering significant discounts on hotel points, theme park tickets and vacation packages.
You are receiving this email because you opted in atthepointsguy.com.
Where to find us:
The Points Guy 100 5th Ave., 16th Floor New York, NY 10011 USA USA
If this newsletter was forwarded to you, you can subscribe here.
Advertiser Disclosure:
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don’t cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Please view our advertising policy and product review methodology for more information.
Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
