Quote:
Originally Posted by mreid
That is not true. It is the bank detecting use and profile. My issue is not as much the charge, that gets reversed or handled. It is about the personal information made available.....
|
I assure you that my "rinky dink" CU is not monitoring this stuff
. It's been years since I worked for two of the largest mega-banks in the US....maybe it's changed recently (doubtful) but ditto for them too...
Quote:
Originally Posted by Gogar
It's not ignorance at all. If you have a weird charge on a debit card and the bank moves slowly or you have any problems with your dispute, you're out the cash until you get a resolution.
.....
|
I just don't live "that close" with my $ that it's an issue...
Here's the REAL reason I despise CCs....it's the "margins" that are skimmed off of every transaction with a CC verses a Debit card. They (the CC/Debit providers and the banks) don't make squat off of Debit usage compared to the 4% (at least that's what it used to be) for a CC swipe. That's a HUGE cost that is simply passed on to every consumer purchase....YMMV. Nuthin' is "free"....I absolutely "live" via my debit and the "cash back" (out of my checking acct.) that I use as pocket money. Never been an issue....
ps: I cancelled my CC (held for 15 years) several years ago when they decided they were no longer gonna provide typical CC protection (bogus product, etc.) for Internet purchases or physical transactions outside of a 75 mile radius of my mailing address....idiots
