Credit Card Investigator Jobs: Career Options and Requirements

Sep 18, 2019

Credit card investigators require some formal education. Learn about the degree programs as well as the job duties and career options to see if this is the right choice for you.

Credit card investigators work for banks and loan companies checking credit applications and looking for fraud. These positions usually require a college degree and extensive experience. The job growth in this field is predicted to be about as fast as average over the next decade.

Essential Information

Credit card investigators work with banks and financial institutions in order to research credit applicants and fraud cases. Obtaining an associate's or bachelor's degree in a business and finance major, along with job experience, is typically required.

Required Education Associate's or bachelor's degree
Other Requirements Work experience in finance or banking
Projected Job Growth (2018-2028)* 5% for financial clerks
Median Annual Salary (May 2018)* $38,750 for credit authorizers, checkers, and clerks

Source: *United States Bureau of Labor Statistics

Career Options for a Credit Card Investigator

Credit card investigators work with banks or loan companies to check the credit worthiness of an individual or business, as well as investigate potential fraud cases. They review past credit history along with personal history in order to see if the applicant is fully qualified for credit authorization. Credit investigators can work as fraud investigators, credit checkers and risk managers.

Job Duties

Credit investigators work primarily with banks in order to research, investigate and identify any claims of credit card fraud and misuse. Any transactions opposite of the standards and practices are reported as fraud to a bank's superiors. Investigators keep track of individuals qualified for a bank's credit loans and make sure the transactions comply with the federal, state, agency and legal regulatory requirements. Credit card investigators are responsible for protecting the bank from potential risk and fraud.

Credit card investigators are also hired to gather and analyze credit information on potential credit applicants for a bank or credit bureau. They conduct their research by contacting the immediate family and past employers, reviewing past credit history and interviewing the credit recipient. Investigators compile a report that banks and credit bureaus can use to determine if an individual is eligible for a credit loan.

Job Requirements for a Credit Card Investigator

Credit investigators may only require a high school diploma and on-the-job training. However, most positions require individuals to possess an associate's or bachelor's degree in business administration, accounting or finance. Employers also require credit card investigators to possess extensive financial or banking experience. According to November 2014 job posting on, business experience, research abilities and good communication and multi-tasking skills are also seen as assets in a credit card investigator.

Employment Outlook for a Credit Card Investigator

The U.S. Bureau of Labor Statistics (BLS) reported an employment growth rate of 5% for financial clerks from 2018-2028 (, which was about as fast as average. As of May 2018, there were 29,980 credit authorizers, checkers and clerks in the workforce. In May 2018, the BLS reported an annual median wage of $39,570 for these professionals.

Credit investigators are usually required to have experience in the field. Most need an associate's or bachelor's degree, although some positions may only require a high school diploma. These positions had an annual median salary of around $40,000 in 2018.

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