Beware of these common coupon scams to keep your wallet safe
We all love a good deal, and coupons can be a great way to stretch your money further.
But, unfortunately, some people use fake coupons to scam others, and these scams can end up costing you time, money, or your personal information.
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Here’s a look at some common coupon scams and how to avoid falling for them.
Fake coupons look real
One of the biggest scams are fake coupons that look like the real thing.
Scammers create these phone coupons and distribute them on social media, coupon websites, or via email.
They usually look convincing, with big discounts on popular brands. But if you try to use them, they are rejected, and the store may flag you.
Research shows that nearly one-third of coupon users have been taken in by these fake deals.
How to avoid it: Use regularly popular websites or apps to get your coupons. If you’re not sure about a deal, check the brand’s official website or social media to see if they’ve posted it.
Subscription traps that empty your wallet
Some scammers promise access to “special” discounts through a subscription service, usually with a free trial.
However, they ask for personal or payment information in advance, and many people end up facing unexpected charges or even identity theft.
Sometimes, these sites look completely legitimate, even fake testimonials.
How to avoid it: Be wary of any service that asks for payment information before showing you deals. If you decide to register, use a trusted site that you trust, and avoid providing unnecessary personal information.
Fake products that try to steal your information
It’s common for scammers to impersonate popular products, send emails or social media messages with links to “special deals.”
These are often phishing sites designed to capture your personal data, leading to unwanted charges or identity theft.
How to avoid it: Only trust deals are posted on the brand’s official website or social media accounts. If the agreement does not appear there, it is better to clarify.
Free survey
Some offer coupons or other rewards if you complete a survey, but it’s usually a ploy to collect your data.
These surveys may ask for your address, phone number, or bank information.
If they have your information, you may receive spam or, worse, fraudulent charges on your accounts.
How to avoid it: Real survey companies will not ask for sensitive information. Stick to established market research sites if you’re interested in conducting surveys.
Expired coupons and hidden names
Another trick involves expired or region-specific coupons.
Hackers share this online with eye-catching offers, but when you get to the checkout, the coupon doesn’t work.
This can be very frustrating, especially if you have already filled your shopping basket.
How to avoid it: Always check the expiration date and any specific conditions before using a coupon. If something is portable, it’s probably best to skip it.
Stay safe while saving
Knowing about these scams can help you avoid them and keep your savings safe.
With a few simple checks, you can avoid disappointment at checkout and avoid scams designed to part with your money or personal information.
If a deal looks too good to be true, it usually is, so take a moment to investigate – it’s worth it in the long run. Happy, safe shopping!
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