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Gift Cards Scammers

Gift cards scams are on the rise with Christmas approaching in less than two weeks.

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This video discusses holiday shopping trends, highlighting a shift towards buying fewer physical gifts but spending more on gift cards. However, it warns about scams associated with gift cards, such as barcode tampering and fraudulent websites. Scammers alter gift card barcodes, leading consumers to unknowingly load money onto the scammer's card instead of the intended retailer. Additionally, fraudulent websites offer seemingly discounted gift cards to obtain credit card information or gift card information. To avoid falling victim to these scams, consumers are advised to carefully inspect physical gift cards, avoid suspicious websites, and verify balances directly through retailers or trusted website sources like which offer legitimate discounted gift cards.

Vocabulary:

• Full swing: Refers to something happening at its highest level or activity; in this context, it means that shopping is happening at its busiest time.

• Survey: A study or research conducted to gather information or opinions from people.

• Folks: people.

• To be on the lookout: to be vigilant or watchful for something, usually something that might be harmful or suspicious.

• Reputable: Describes something or someone that is respected and considered trustworthy.

• Scratching off: Removing something by scraping it with a fingernail or an object; in the video, it refers to removing the protective covering of the pin number on a gift card.

• To drain: To completely use up or take out all of something; in the video, it means that scammers take out or use all the money from a gift card.

• Recipient: The person who receives something; in the text, it refers to the person intended to receive the gift card.

• To set up: to prepare something.

• Balance: Refers to the amount of money remaining on a gift card or an account.

Source: TODAY Youtube channel.

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