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With a plethora of credit card scams that consumers can fall victim to, consumers have to always remain vigilant with their card info. A brand-new scam is making its method around town, but this one is simple for your to avoid.

  • Citi has actually unveiled the 5 % money back categories for the Citi Dividend money back charge card. From Jan. 1, 2014 to March 31, 2014, Citi Dividend cardmembers will make 5 % cash back at Macy’s, drugstores and physical fitness clubs. Cardmembers have to register to trigger the reward money back program for the next quarter (enrollment begins today).
  • Bank of America CEO Brian Moynihan said that the practicality of standard bank account, under brand-new financial policies, relies on the relationship with the consumer. “If you bring us your main checking relationship, we are most likely okay, due to the fact that anything beyond that we get to provide beneficially and with great service,” Moynihan told the Charlotte Company Journal.
  • On Tuesday, the Federal Reserve will hold its next board conference to discuss monetary policy. The quick decrease in the unemployment rate in the previous month is most likely to be a major topic of conversation given that job market performance plays a major role in the central bank’s decision to raise rate of interest.
  • A new charge card rip-off may be making the most of innocent customers. A caller will tell you that there’s a concern with your card account and ask if your card number begins with a specific set of digits. Then, the caller asks you for the rest. The technique depends on the fact that the major card companies (i.e., Visa, MasterCard, American Express and Discover) make use of the same numbers in the first 4 to 5 digits of a card number – making it easy for a fraudster to guess those numbers. Tip: just disconnect and call the number on the back of your card to talk to a real client representative.
  • Fifth Third Bank is prepared to shift as much as one-third of its 1,326 branches to branches that only offer self-service functions. In 2014, roughly 20 branches will make the conversion. The self-service branches won’t have traditional teller windows. Rather, there will be personal lenders that can help clients, if required, while many transactions can be completed at ATMs. Fifth Third began testing the self-service branch concept in September.

New Charge card Scam Is Easy to Hinder: 5 Things to Know for the Week