The Regina Police Service would like to warn residents of a credit card scam. The scam begins with residents receiving a phone call, allegedly from their Financial Institution. They state that they are offering a low interest rate credit card. The fraud company mentions in their pitch that it will cost a one-time fee of $595.00. During the call, the fraud company can extract enough information to call the resident’s Financial Institution, claiming to be the victim and gets the new low interest rate card sent out. In the meantime, the credit card is billed by the scammer.
Please be advised that your Financial Institution will not ask for such a large fee and if you have any questions about your current credit card, please call the number on the back of your card. Never send money or give personal or financial information over the phone, as your financial institution should have that information. Signs of a possible scam: You didn’t initiate the call, you’re being offering a new low interest rate but the caller is asking for all your financial information or the caller is charging a large sum of money for the new card.
If you suspect that you have been a victim of this type of scam, call your financial institution immediately and report it to the Regina Police Service 306-777-6500 or your local police agency.