When a person uses a credit card to commit theft or fraud, the legal system often refers to it as credit card fraud. Usually, when you think about credit card fraud, you think of someone using a skimmer to steal your information at a gas pump or someone using your information to get an entirely new card. What you do not think about is that you may be accidentally committing credit card fraud as a legal cardholder.
While we typically only equate credit card fraud with someone stealing our card information and running up charges thousands of miles away, the reality is that there are many activities that fall within the realm of this type of fraud. One of the reasons why you may unknowingly be committing credit card fraud is because the terms and conditions of the financial institution backing the card can be convoluted and difficult to understand. Unfortunately, even committing the fraud accidentally can come with some lasting consequences. Read further to find out more about some ways you might be accidentally committing credit card fraud.