Credit Card Theft

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  • Last Post 11 December 2015
billglaze posted this 10 December 2015

Well, it happened.  Remember the promise that the new cards with the embedded micro-chip would make it too difficult for card thieves to use them?We got notified that our card had been compromised; the card company detected the fact that our card had been used one day, and a day later it was used to try make a purchase in Texas; we had never left our home in North Carolina. The peculiar thing was what the thieves tried to buy.  (I am not making this up, as Dave Barry used to say.) The thieves tried to buy over $35 worth of pretzels!I figured it was probably the newest  twist in crime. O.K., Ken? Bill

In theory, there's no difference between theory and practice. In practice, there is. My fate is not entirely in Gods hands, if I have a weapon in mine.

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corerf posted this 10 December 2015

Kens probably at a machine, give him some time to make a funny reply!

Tis the season from ripping off credit cards. Usually the small charges is a test hit before they slam the card with big one. Im thankful for Fraud Prevention on my card company.

I also don't use my debit/ATM----- EVER!! Unless its at an ATM or in the bank, all purchases run through a 3rd carrier, Visa, etc. Just for this reason. Trying my best to keep my cash in my bank, not someone elses. Glad you came out clean on this one.

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fa38 posted this 10 December 2015

Some credit cards that are company cards have unlimited liability. I.e. if you have a credit limit of $10,000.00, that may be the extent of your liability.  Check with your card company on the extent of your liability.

Cards issued to individuals usually have a limit on liability of $50.00 or thereabouts.

If you have a debit card and it is stolen the thief may be able to clean out your checking account or savings account. All the thief has to do when the cashier asks, credit or debit, is to say credit and the thief does not have to enter a pin number, he just signs your name.

You will probably be able to get reimbursed. But in the meantime all the checks that you wrote with you assuming you had funds in the account are probably bouncing all over the place with its attendant charges for overdrafts. Now you get to argue with the bank about the charges. Good luck with that.

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billglaze posted this 11 December 2015

FA:Fortunately, the way our setup works, we're not liable for any charges;  I realize that all cards don't work like this.  I won't use a debit card; I cut up the ones sent to us.  Neither my wife or I want anything to do with them. I started out simply enough by figuring that I enjoyed the advantage of a credit card, inasmuch as I was able to “float” my debt for 30 days;  as we pay off the debt each month, there is no interest involved, plus we are able to keep a close check on things.And, we accumulate “points” whereby we are eligible for free goodies out of a supplied catalog.  Comfortable.  Until we have to wait for a new card, with a new number.  That's inconvenient.  Well--I guess we will have to live with it. Bill

In theory, there's no difference between theory and practice. In practice, there is. My fate is not entirely in Gods hands, if I have a weapon in mine.

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