Watch out for these common coupon scams to keep your wallet safe

We all love a good deal, and coupons can be a fantastic way to stretch your money further.

But, unfortunately, some people use fake coupons to trick others, and these scams can end up costing you time, money, or even your personal information.

Here’s a look at some common coupon scams and how you can avoid falling for them.

Fake coupons that look real

One of the biggest scams is fake coupons that look just like the real thing.

Scammers create these phoney coupons and spread them on social media, coupon websites, or even through email.

They often look convincing, with big discounts on popular brands. But when you try to use them, they are rejected, and the store may even flag you.

Research shows that nearly one-third of coupon users have been caught out by these counterfeit deals.

How to avoid it: Always use well-known websites or apps to find your coupons. If you’re unsure 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 “exclusive” discounts through a subscription service, often with a tempting free trial.

However, they ask for personal or payment details upfront, and many people end up facing unexpected charges or even identity theft.

Sometimes, these sites look completely legitimate, even featuring fake testimonials.

How to avoid it: Be wary of any service asking for payment details before showing you the deals. If you decide to sign up, use a reputable site you trust, and avoid giving away unnecessary personal details.

Fake brands trying to steal your details

It’s common for scammers to pose as popular brands, sending emails or social media messages with links to “special deals.”

These are usually phishing sites designed to capture your personal data, leading to unwanted charges or identity theft.

How to avoid it: Only trust deals posted on the brand’s official website or social media accounts. If the deal isn’t visible there, it’s best to steer clear.

Surveys that don’t pay off

Some offers promise coupons or other rewards if you complete a survey, but they’re often a trick to collect your data.

These surveys may ask for your address, phone number, or even bank details.

Once they have your information, you’re likely to receive spam or, worse, fraudulent charges on your accounts.

How to avoid it: Real survey companies won’t ask for sensitive information. Stick to established market research sites if you’re interested in taking surveys.

Expired coupons and hidden terms

Another trick involves expired or region-specific coupons.

Scammers share these online with eye-catching offers, but when you get to the checkout, the coupon doesn’t work.

This can be very frustrating, especially when you’ve already filled your shopping basket.

How to avoid it: Always check the expiration date and any specific conditions before using a coupon. If something feels off, 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 the checkout and steer clear of scams designed to part you from your money or personal details.

If a deal looks too good to be true, it usually is, so take a moment to double-check – it’s worth it in the long run. Happy, safe shopping!