(39 votes)

Credit Card Lower Rates

  • Share via E-mail

How the scam works:

Did you ever pick up a phone call and the first thing you hear is an automated message saying: “To lower your credit card rates, press 1”?

If you haven't, chances are you will soon. The automated call scam is quickly spreading all over the world, as victims are lured into pressing keys on their phone and allowing (giving permission by confirming) scammers to register them for shady premium text campaigns or even to give them their credit card numbers.

How to avoid:

Just hang up the call if it is an automated message, regardless of what it is about: lower rates, free trip, bonus loyalty points, etc.

Make your friends and family aware of this scam by sharing it, using the buttons above.

There are 5 comments

  • On Friday, March 22, 2013, Marie Colbath wrote:

    Go to the do not call registry (donotcall.gov) and file a complaint. If enough of us do so then maybe this will stop.

  • On Thursday, January 24, 2013, hugh mayberry wrote:

    they have been bothering me for about 6 months it is usuall ann with credit card services or some imes tiffany how can i get this stopped one smart ass i confronted told me i would get this call every day of my life

  • On Wednesday, December 12, 2012, KCGriffin wrote:

    An automatic call came in to cell phone saying time is expiring to lower your interest rate etc.
    I answered the phone to attempt to find out where/how they got my cell phone number.

    A guy answered saying the company was some generic sounding name.

    I asked who he was and where he got my number. He ignored my question and asked if I owe more than $4000 in credit cards.

    I told him I hit the the talk to someone button to find out who they were and how they got my phone number, again.

    He hung up.

  • On Wednesday, May 23, 2012, Marla wrote:

    this is the second time in recent weeks that i have received the automated message. It was 'my last chance to have a lower interest rate!' I pressed 1 to see what it was all about. I was transferred to a 'live agent' who asked me if I was using a VISA card and was my interest rate over 19%? I asked him to tell me where he was calling from and what company he represented. He hung up on me!

  • On Saturday, May 19, 2012, Robert Joan Fisher wrote:

    today-sat.may 19th.2012 the credit card lowering call came three times within 15 mins. they are using different numbers on the caller id. we are retired and don't use credit cards. this sure is a pain!!!!!

Leave a comment

Make sure you enter the (*) required information where indicated.

Better Business Bureau

Get Notified!

  • Submit your email to be notified about the newest scams weekly. Click here now!

Recommend on Facebook

  • Do your part now!

    If you like Scam Detector, do your part and help people prevent financial fraud! Make your family and friends aware of this app by clicking below.

Partners