Quoted from TheLaw:People that can't trust themselves with a credit card can't be trusted to set a limit
Especially if they limit they need to set on themselves changes from paycheck to paycheck...
Debit cards have the same level of protection as credit cards. It might be a little more inconvenient as a zero balance in your account will block transactions until it's resolved
Quoted from gtxjoe:Debit cards have the same level of protection as credit cards. It might be a little more inconvenient as a zero balance in your account will block transactions until it's resolved
This is what I understood as well... but it depends on how it was used. If used in a charge type transaction you are covered, but if used with your pin typically you are not covered, or it’s at least one heck of a fight.
Quoted from Reality_Studio:Ok I'm guessing you don't get it, so I'll explain with a real world example step by step:
1) I pay my credit card in full each month, hence the cc costs me $0. It's free.
2) We had to get two next day plane tickets to Canada last December due to a medical emergency, those plane tickets being next day had a price tag of $4200.
3) If I never used a credit card I would be out $4200 today. Instead I used air miles that I got from my credit card, hence I did not spend $4200.
No, I totally get it. First off I don't fly in airplanes, because if you do enough, eventually the plane you are in is going to fall to the ground and there will be nothing you can do about it. Not the way I want to go out.
Second, I understand these little rewards and cash back deals. However the one thing I can't and won't put a price on is my privacy and the overall collecting of an individuals data that someday is going to bite people in the ass.
Quoted from o-din:I don't fly in airplanes, because if you do enough, eventually the plane you are in is going to fall to the ground and there will be nothing you can do about.
See that's too much Air Disasters on the Smithsonian Channel dude!
Quoted from Reality_Studio:Ok I'm guessing you don't get it, so I'll explain with a real world example step by step:
1) I pay my credit card in full each month, hence the cc costs me $0. It's free.
2) We had to get two next day plane tickets to Canada last December due to a medical emergency, those plane tickets being next day had a price tag of $4200.
3) If I never used a credit card I would be out $4200 today. Instead I used air miles that I got from my credit card, hence I did not spend $4200.
If I didn't have my cc and instead used cash or debit card, I would be out $4200 right now. Because I used my $0 cc, I took that $4200 and used it instead to buy AC/DC Luci. Result? Credit card was 100% pure profit.
That is but one example. I could go on and list more yearly savings and profit, like how we stay at the Cosmopolitain hotel in Vegas free every year from using hotel points from my $0 free cc, but I think you get the point. Side bonus, this free cc money is tax free!
Does that make it more clear? Or does piles of free money each year still seem stupid to you? I don't want to sound curt and abrupt, but it's really win-win assuming you pay your cc in full each month. It's quite literally piles of tax free money and all you have to do is pay your card each month.
Whoa, whoa, at ease super saver. Give Odin a break, this isn’t the Suze Orman show.
Quoted from TheLaw:See that's too much Air Disasters on the Smithsonian Channel dude!
The long flight back from Australia when the 747 suddenly dropped and almost went into a stall was enough of a warning for me. Haven't got back on one since.
Quantas had never had a crash, but the pilot said that is as gnarly as it ever got in his 25 years of flying.
Not quite credit card fraud, but still pretty intruding.
My ATT online Access & customer Proprietary Network Information (CPNI)(Their words, not mine) was hacked along with many others. I noticed and reported the issue to ATT in January. They just sent a letter at the end of February letting me know the information was taken, and that my on line ability to view my bill and usage was locked. In order to fix this, I needed to get to an ATT company store so they could verify who I was and take the lock off. Inconvenient, but doable and has been done.
I knew something was wrong because I got a call from "ATT" asking me to text them a pin number and they would give me a discount on my next billing cycle. BS for two reasons - ATT does not call, and I don't think ATT would give a one time discount. Shortly after that call, my wife got a text asking her to text back the number because of some maintenance issues with the tower in our area. BS again. Bottom line, all five of my lines were called/texted asking for a number to be texted back to them. (I still haven't figured out why they would want me to send them a number back that they sent.) So, somewhere, there's someone who knows my cell numbers, billing address, and other customer information.
Bottom line: If someone calls/texts from ATT and asks you to text/say a number back, something is not right. Be aware of the scum clowns - they're everywhere.
Quoted from Monte:Whoa, whoa, at ease super saver. Give Odin a break, this isn’t the Suze Orman show.
Lol, I get that's he's a joker from his $212,00 to spend and other threads/posts, and that's cool. But he called my comment the stupidest things he's heard, which is kinda insane given how much money you can save by having a cc, and doubly insane coming from a forum like Pinside where people half the time are bitching about costs while I get a brand new Stern pin paid for me by cc rewards.
Quoted from o-din:No, I totally get it. First off I don't fly in airplanes, because if you do enough, eventually the plane you are in is going to fall to the ground and there will be nothing you can do about it. Not the way I want to go out.
Second, I understand these little rewards and cash back deals. However the one thing I can't and won't put a price on is my privacy and the overall collecting of an individuals data that someday is going to bite people in the ass.
I loathe flying as well but when it means getting to a funeral, I'll suck it up and fly. Difference is now I do it for free. But there's other perks as well. You like buffet? I love food and especially Casino buffets. But damn the lines are so long who wants to wait? Good thing all I have to do is flash my cc at the Wicked Spoon buffet at one of the hotels in Vegas and I completely bypass the line. Oh and I also get a discount at that buffet from that cc, another perk. Or if I want a new tv or some other electronic gizmo I can use the points to buy it. Etc, etc...
But if you really are a privacy first dude then hey it's your call, to each their own. I'll keep cashing in, after all I want my cc to next pay for a BBB remake.
A Discover card, which I don't have, will get you into Magic Mountain first in a separate entrance. So yes, I have been tempted to get one.
As far as buffets, not so much because it will just make me want to eat more than I really need to. And remakes I don't want or need.
Quoted from KerryImming:At the risk of pointing out the obvious.... I hear it mentioned quite often that a credit card theft didn't cost anything. That is, they were reimbursed for all their fraudulent charges. Since these are expenses to the credit card company they are costs that are built in to the prices we pay for everything. And when we pay cash we are paying the extra money needed to pay credit card rewards and getting nothing in return. In other words, we the consumers pay for all this fraud.
They are expenses to the merchants, not the credit card companies. Merchants take the hit when fraudulent cards are used as the cc companies take the funds back from their merchant accounts and it can be a double whammy too. Thief gets items so the merchants loses out on inventory costs, plus the merchant gets nailed with credit card chargebacks costs when the original owner discovers the fraudulent charge and disputes it. That's why credit card companies want it to be so easy to use a credit card, because they don't care who uses it. Credit card companies will actually tell merchants not to check id and hassle customers because it can prevent credit card usage.
Fortunately our Quantas pilot had good reflexes,
plenty of experience and was awake. He hit full throttle and put the plane into a dive which probably saved us all.
Quoted from highdef:Storing (saving) your CC info on various shopping sites is a no-no. Hackers sell your login details to criminals on the black market/dark web, which gives them access to your stored credit card data.
Also beware of standalone, non-bank ATMs and self-pump gas stations where CC readers can be placed to scrub your CC digits.
And always try to tug on or zee if the reader comes loose. Then you know it is an add on and run.
Quoted from o-din:Fortunately our Quantas pilot had good reflexes,
plenty of experience and was awake. He hit full throttle and put the plane into a dive which probably saved us all.
That sounds scarey as hell.
Here is something you don’t want your pilots to announce “...so were going to just go for it” which was announced while we were waiting to land due to excessive windspeeds which were just barely dipping down to allowable levels due to a tornado that had just left the general area.
As we were coming in for a landing, at one point from my seat I was no longer looking at things to the side of the runway, no, I was looking down the runway. At the last moment or perhaps it was the drag of the wheels hitting the ground the plan whipped around aligining with the runway.
My takeaway was thank goodness for experienced pilots who can handle such things.
Quoted from chad:And always try to tug on or zee if the reader comes loose. Then you know it is an add on and run.
If it is an add-on then call the cops if you have time, or at least pull it off and take it to the merchant.
Quoted from cnuts13:why do people use credit cards abroad? Why not just bring cash and not risk the credit card fraud?? I always use cash outside the states. avoid international fees as well
Well even that doesn't work that well sometimes. Me and my buddy went to Ireland a few years back, we went to a bank so he could exchange his $100 bills for Euros. They wouldn't accept them because they were having fake $100 showing up. All he had were $100's so for the rest of the trip when it came to him buying small ticket items "I" was the bank. For big ticket items he used his credit card. I listened to my brother and exchanged my money here before I left.
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