Drained gift cards becoming epidemic

The video discusses the common issue of gift card fraud, highlighting a case where Bill Sampson bought a gift card that turned out to be worthless. Scammers often swap real cards with fake ones or use algorithms to predict card numbers. Expert Herb Weisbaum advises buying electronic gift cards, checking for tampering, and using cards promptly. The video concludes with a warning to be cautious during the holiday season.

What was the main issue Bill Sampson faced with his gift card purchase?

• He lost the receipt for his gift card.

• He received a gift card with no funds.

• He bought a gift card that was already used.

• He accidentally bought the wrong type of gift card.

According to the AARP survey, how many Americans have experienced gift card fraud?

• 50 million

• 73 million

• 100 million

• 25 million

What is one method scammers use to avoid detection when tampering with gift cards?

• They use invisible ink to alter the card.

• They swap cards without leaving signs of tampering.

• They use fake barcodes.

• They hack into the store's system.

What is one recommendation given to avoid gift card fraud?

• Avoid buying gift cards altogether.

• Only buy gift cards during the holiday season.

• Purchase gift cards from online auction sites.

• Use gift cards as soon as possible.

Why is it suggested to buy electronic gift cards?

• They are less likely to be tampered with.

• They can be used internationally.

• They are cheaper than physical cards.

• They come with a warranty.