Fact check: True

fact checking guy

So true. We NEVER use our bank card anywhere but our bank to get cash (we don’t even go to other banks) and they still lifted our card numbers…BOTH OF THEM. Pay attention, folks.

Agree. I always thought the tap method was safe. Thanks for sharing.

Wow! That’s scary. Did you use your cards at the ATM in the lobby?

Sadly I agree with poster #15 and am somewhat glad I am in the flipside of life.

Back in the early 2000's I got a bill from a Discover card I'd not used in two years. I don't recall if I'd closed it or not but the card was only used for business purposes and the business had been closed. I called the CC to tell them and their loss department said they'd look into it. I asked who/how the card had been compromised, but of course they never tell you. I cancelled that card and haven't used Discover since. Whether anyone believes this or not---I think our culture is setting us up for a cashless society where we'll all have to have a chip or some such thing to do our business transactions. You only have to read headlines about banks going under etc. The one OP was correct in saying the world isn't what it used to be...tyranny, lawlessness and all the other "garbage" we're observing.

We stopped using Credit Card at restaurants and the number of fraudulent card use has gone down considerably.

This is why I have a second card, with a very low credit balance, which I use just for gas stations and restaurants. Restaurants, because the card goes out of my sight, and gas stations for obvious reasons. I get a text the second it's used, so I can call the CC company the second it's used by anyone except me. Why the second card? All my online stuff is on the first card, and it's a real pain to have to change the number everywhere.

I don't get it
 

I just had a fraudulent charge on my card on the 30th and getting a new card sent to me this Monday. I receive notices when charges are made over a certain amount. What I don't understand is what the charge was for. GOAUTO MANAGEMENT SERVICE, who and how does anyone think they can get away charging car insurance? Items I understand, but car insurance.
Does anyone have a clue how this scam would work?

Every time you make an online credit card purchase, you are providing the merchant with all the information needed to make fraudulent purchases on your card, or to sell the information. That is why I have a reloadable VISA debit card to use occasionally when doing business with an unknown merchant. I also use it for a streaming service that will only accept autopay. It is a "MyVanilla" VISA card that I got at Walgreens.

Yea & I think it’ll get more corrupt unless something gets done about real quick, the longer it goes on it’ll only get worse & it’ll get to a point that it’ll get so bad nothing will be able to stop it! Just my opinion, look at our economy now.

I had a reloaded VISA debit card which the numbers were stolen as I never actually used the card. purpose was for the same reason, thieves buying a company and getting a credit card validation machine testing out numbers is not preventable.. . however, the amount stolen was small, and i ignored the vendor emails questioning the card because I never used it. . my fault

Low max balances are the key, thieves can't make many transactions, especially if you keep a balance. . My 500 max cc was good for many years until recent inflation made it too easy to exceed the limit. . . on vacation i went over and it dinged my credit rating. . . so I laugh at the credit ratings formulas when i have zero loan balances across the board zero on a larger credit card, . . . and go over a $500 limit by $500 and paid off the next month. Zero context just pure math of total - limit. I also make weekly auto transfers from the checking account to the credit card so that I don't usually have a minimum monthly amount to pay each month

not a good cc holder as the bank doesn't make any interest on my card.

future former finance guy

There is no fraud protection when using any Debit card.
You are basically giving the scammer a cash payment.
Always pay with a CC, for any online purchase.

Question. If it is a debit card, I thought that it is not possible to exceed the amount on the card because the transaction would just be rejected. Not like a credit card.

Note that I used to use a non-reloadable debit card, but many online merchants will no longer accept them.

I totally agree, but, for some small purchases, like a monthly streaming service, I am not concerned about fraud. Also, I never load more than about $150 on the card.