Several users have reported suspicious and unauthorized Gwctx charges on their credit card and bank statements. We will write a brief review of the charge.
Continue reading below to learn more.
What is Gwctx?
Gwctx is either a company called GWC Warranty or Great Western Corporation. Learn more about the two companies below.
GWC Warranty, founded in 1995, is one of the largest and best-in-class providers of used vehicle service contracts in the automotive industry.
GWC Warranty provides its dealer partners with services, products, training, and technology to help them succeed. The company promotes itself as offering simple, hassle-free contracts with the slogan “No Worries, Just Drive.”
GWC Warranty plans are sold through local dealers and are backed by the American Bankers Insurance Company, which has an A rating for financial strength from AM Best. GWC Warranty claims to have paid out more than $3.5 billion in claims since its founding.
GWC Warranty is a subsidiary of APCO Holdings, which is majority owned by the Ontario Teachers’ Pension Plan, Canada’s largest single-profession pension plan with over $133 billion in net assets.
While Great Western Corporation is a managed services company in texas. They claim to customize end-to-end exterior solutions for commercial customers.
Gwctx charge on credit card
If you are seeing the Gwctx inc charge on your credit card, it means you did business with any of the companies listed above or someone else used your card which could be a sign of fraud.
Be aware that fraudsters frequently conduct a small dollar transaction to see if a card is active. They begin selling the numbers on the black market after receiving approval. Minor unauthorized purchases are frequently an indication that the card has been compromised, so you should lock your card right away.
You should examine all receipts or check your email for the charge to ensure you did not simply overlook a purchase you authorized. If you come up empty-handed, contact the merchant; it could be an honest mistake, and the charge can be reversed. If it’s not an error, contact your credit card company to dispute the charge.
What to do if you didn’t authorize the Gwctx charge
If you did not authorize the charge or you never had business with the company, you could be the victim of credit card fraud. You must immediately notify your card issuer by calling the number on the back of your card or logging into your online credit card account.
Your credit card company will most likely cancel your card and send you a new one. You will not be held liable for the unauthorized charges.
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