Quote:
Originally Posted by 74-911
Another good reason to use only credit cards is they (at least the Master Card I use) monitor your cards activity closely for "unusual" charges and will call you to verify if the charges are valid. On 4 or 5 occasions over the past couple of years I have been called by Master Card fraud wanting to verify some charges that were made were valid - they weren't. No, I didn't just charge 2 one-way tickets from Melbourne to Hong Kong (this during Chinese New Year). If fraudulent, they will immediately cancel the card and issue a new one..
It is a pain to have a card cancelled but it sure beats having massive charges run up and getting a big surprise when you get your statement.
|
My bank does the exact same thing with my debit card. Just happened last month: had a few weird charges for small amounts (scammers use this to "test" the card and security). Bank called me, asked if I'd made the charges, I told them no, and they cancelled the card. Called me about 10pm if I remember correctly. And that's one of the reasons I love USAA; been with them nearly 20 years now.