Never Lend Your Costco Card to a Stranger: Another Reason.

Money Bizwiz Team
2 Min Read

Are you a Costco member who is always willing to lend a helping hand? While being trusting and kind are admirable qualities, scammers often prey on those who are quick to offer assistance. It’s crucial to be aware of potential Costco scams and know when to proceed with caution. Recently, online forums have been buzzing with reports of a new scam that involves members sharing their Costco membership cards.

Sharing your membership card may seem harmless at first, but it can leave you vulnerable to fraudsters looking to take advantage of your goodwill. It’s important to remember that Costco memberships are intended for individual use only, and sharing your card with others can lead to a host of issues.

From unauthorized purchases to identity theft, the risks of sharing your Costco membership card are numerous. In addition to putting your own financial security at risk, you could also be violating the terms of your Costco membership agreement.

So, before you hand over your membership card to someone else, think twice about the potential consequences. It’s always better to be cautious and protect yourself from potential scams, even if it means saying no to someone in need.

Person holding up Costco membership card.
Andy.LIU / Shutterstock.com
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