Credit Card Fraud Quiz

What is credit card fraud?

• A form of insurance scam involving credit card holders

• A form of online shopping scam

• A form of identity theft involving unauthorized purchases or cash advances

• A form of investment fraud targeting credit card users

What is the maximum cardholder liability for unauthorized charges under the Fair Credit Billing Act?

• $0

• $100

• $50

• $200

What is the purpose of EMV chips on credit cards?

• To make the card more stylish

• To safeguard against fraud

• To increase the credit limit

• To provide cashback rewards

What is 'card-not-present-theft'?

• The theft of EMV chips from credit cards

• The unauthorized use of credit card information for online shopping

• The fraudulent use of a credit card account without possession of a physical card

• The theft of physical credit cards

What is the purpose of credit monitoring programs?

• To provide discounts on online shopping

• To spot suspicious activity and act quickly when fraud is suspected

• To increase credit card limits

• To offer cashback rewards

What is the best way to protect physical credit cards?

• Keeping credit cards in a safe place at home

• Sharing credit card details with strangers

• Leaving credit cards unattended

• Carrying all credit cards in the wallet at all times

What should you do if you discover fraudulent activity on your credit card account?

• Ignore it and hope it goes away

• Post about it on social media

• Contact the credit card issuer immediately

• Wait for the next statement to see if it happens again

What is the purpose of putting a fraud alert on your credit report?

• To alert creditors to ask for increased verification for credit

• To share personal information with third-party companies

• To receive more credit card offers

• To increase credit score

What is the potential impact of undetected credit card fraud on your credit report?

• No impact at all

• Increased credit score

• Negative impact due to fraudulent accounts and missed payments

• More credit card offers

What should you do if you're called by someone requesting sensitive credit card information over the phone?

• Share the information with friends and family

• Call the official phone number for the organization to confirm the call

• Hang up and ignore the call

• Provide the information immediately