Spotting and Avoiding Credit Card Scams in the Philippines

Tim Alcantara

Tim Alcantara

Last updated June 04, 2025

Credit cards have become an essential part of modern life, offering a convenient way to pay for goods and services. However, with this convenience comes a significant risk: credit card scams.

In this guide, we’ll take you through the various scams to watch out for, explain how to protect yourself, and provide step-by-step instructions on what to do if your card details get compromised.

 

How to Spot Credit Card Scams

Credit card fraud can happen even if you’ve never lost your physical card. Scammers are constantly evolving their tactics to bypass security measures, making it harder to recognize a scam until it’s too late.

Being aware of the warning signs—before you fall victim—will save you time, money, and stress.

Person looking at credit card showing a sense of alertness and concern
Below are common red flags to help you spot credit card scams:
  • Unusual Calls or Texts Asking for Personal Info
    A phone call or text claiming to be from your bank, asking for your CVV, OTP, or card number, should immediately raise suspicion. Banks will never ask for sensitive information via these channels. Legitimate institutions have secure1 methods of verifying customer identities, such as online portals or in-person communication.

  • Unfamiliar or Duplicate Charges
    One of the clearest signs of credit card fraud is seeing unauthorized or unfamiliar charges on your account. These may appear as small, seemingly insignificant amounts, especially when scammers are testing your card details. Always check your transaction history regularly and report any suspicious activity immediately.

  • Fake Bank Websites or Emails
    Phishing attacks are one of the most common ways for scammers to steal credit card information. Fraudulent emails often appear to come from legitimate sources, including banks or online retailers, and may direct you to a fake website that looks like the real one. Never click on links in unsolicited emails—always visit the official website by typing the URL directly into your browser.

  • Too-Good-to-Be-True Online Deals
    Scammers often lure victims with too-good-to-be-true offers on discounted products. These may be websites that look similar to well-known retailers but are set up to steal your credit card information. Check reviews, ensure the website is secure (look for HTTPS), and never pay via untraceable methods like bank transfer.

  • Pushy “Bank Agents” or Promos on Social Media
    Scammers pretending to be your bank’s representative may contact you via social media, offering exclusive promotions. They’ll ask for your card details to “verify” your eligibility. If anyone makes this request, even if they claim to be from a reputable institution, do not share your card information. Report the incident immediately and block the sender.

Understanding Card Security Features

Your credit card comes with various built-in security features designed to protect you from fraud. However, these protections are only effective if you understand how they work and use them appropriately. By familiarizing yourself with your card’s features, you’ll be better equipped to spot fraudulent activities and take immediate action when needed. Here are the key security features you should know about:

  • EMV Chip
    The EMV chip embedded in your card is a key security feature that encrypts your data during every transaction. Unlike magnetic stripe cards, which can be easily cloned, EMV chips make it more difficult for fraudsters to duplicate your card information. This added layer of protection is crucial for both in-person and online purchases.

  • CVV (Card Verification Value)
    The CVV is the three-digit number on the back of your card that provides an extra layer of security for online transactions. It’s designed to prevent unauthorized use of your card for online purchases, ensuring that the person making the purchase physically possesses the card.

  • OTP (One-Time Password)
    Banks often use OTP as an additional layer of protection for online purchases. This is a temporary code sent to your registered phone number or email to verify your identity during a transaction. Never share your OTP with anyone, even if they claim to be from your bank.

  • Card Freeze/Lock Feature
    If you lose your card or notice suspicious activity, most banking apps allow you to temporarily freeze your card to prevent further transactions. This feature gives you a window to assess the situation, report the issue to your bank, and request a new card without the fear of further unauthorized charges.

Tips to Avoid Being Victimized

Adopting simple yet effective habits can significantly reduce your risk of falling victim to credit card fraud. Prevention is always better than recovery, so the more cautious you are, the safer your card details will be. Below are some essential tips to protect yourself:

  • Use only secure ATMs
    Avoid ATMs located in isolated or poorly lit areas. Instead, opt for machines inside bank branches or those that are well-monitored. This minimizes the risk of skimming devices being installed on the ATM.

  • Shop on trusted websites
    Always ensure that the website you are shopping from is secure by looking for “https” in the URL. Also, be cautious of heavily discounted products, as these can be scams designed to steal your payment details.

  • Never share sensitive details
    No legitimate bank will ask you to provide your CVV, OTP, or card number over the phone, email, or text. Always be suspicious of any unsolicited communication requesting such information.

  • Enable SMS and app notifications
    Set up transaction alerts through your bank’s app or via SMS. This allows you to monitor your account in real-time, so you can quickly spot any unauthorized activity.

  • Use virtual cards for online purchases
    Many banks now offer virtual cards, which are temporary card numbers you can use for online shopping. These virtual cards are linked to your main account but cannot be used for unauthorized transactions once they expire.

  • Regularly review your statements
    Don’t wait until your bill arrives to review your transactions. Instead, check your transaction history at least once a week to catch fraudulent charges as soon as they occur.

How to Recover from Card Skimming or Online Leaks

If your credit card details are compromised, it’s important to act quickly to minimize potential damage. While recovery can take time, the sooner you report the issue, the faster your bank can take action to protect your account. Below are the essential steps to follow if you suspect your card has been compromised:

  1. Freeze or block your card immediately
    Most banks allow you to freeze your card using their app or website. This will prevent any further transactions from being processed.

  2. Call your bank’s fraud hotline
    Once your card is frozen, call the fraud hotline to report the incident and dispute any unauthorized charges. Be ready to provide any relevant details, such as the date and amount of fraudulent transactions.

  3. File a dispute form
    Submit a formal dispute form to your bank along with any supporting documents (e.g., screenshots, receipts) to help the bank investigate the issue.

  4. Request a card replacement
    Ask for a new card to be issued. Your bank may also change your account number to ensure your card details are secure going forward.

  5. Report the scam
    In some cases, you may need to report the scam to government authorities. For fraud involving online scams, you can reach out to the National Privacy Commission or the Bangko Sentral ng Pilipinas2 for further assistance.

Here are a few emergency fraud hotlines from top PH banks:

  • BPI: (+632) 889-10000

  • Metrobank: 88-700-700

  • UnionBank: (+632) 8841-8600

  • Security Bank: (+632) 8887-9188

Compare Safe and Secure Credit Cards Today

Not all credit cards are created equal—some offer better fraud protection and mobile control features than others. Whether you're applying for your first card or switching to one with better digital security, it’s crucial to select one that gives you peace of mind. Take control of your financial security by choosing a card that meets your needs.

Compare credit cards via Moneymax to find the best card that fits your lifestyle while offering robust security features to keep your account safe.

 

Sources:

Timothy Alcantara has spent the last decade immersed in the ever-evolving world of digital marketing. Based in the Philippines, he works with businesses around the world to help them connect with their audiences in meaningful ways. His expertise spans a wide range – from the strategic side of social media and SEO to the nitty-gritty of email marketing, crafting compelling copy, and collaborating with influencers. Off the work clock, he likes to spend his day reading, cooking, watching thriller and non-fiction flicks an dotting on his two daughters.

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