BENBROOK, TX—A local resident is sounding the alarm on a deceptive credit card scam that targets consumers with false promises of zero-percent interest for life.
Scammers lure victims by offering exclusive balance transfer deals.
But there’s a catch: the card can’t be used for purchases and often has hidden fees or outright fraud.
How the Scam Works
Scammers typically call, email, or text unsuspecting victims, claiming they qualify for a 0% APR balance transfer. They request personal details like credit card numbers or Social Security information to proceed. Once obtained, scammers can commit identity theft, unauthorized charges, or open fraudulent accounts.
Another tactic involves fake processing fees for activating the supposed card. Victims pay upfront, only for the scammer to disappear—leaving them with both their original debt and a financial loss. Some scams even use phishing websites designed to steal login credentials, granting fraudsters access to bank accounts.
How to Stay Safe
- Never share personal or financial details unless you initiated the contact.
- Verify offers directly by calling your credit card company using official contact information.
- Beware of pressure tactics or demands for upfront fees—legitimate banks don’t require them.
- Look out for phishing emails mimicking fundamental financial institutions.
While authentic 0% APR offers exist, they’re typically advertised through official bank channels and don’t come with surprise fees.
Stay alert, stay informed, and don’t let scammers take advantage of your finances.
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