Life lesson - In case you're not aware
I'll relate my recent experience for those of you that are unaware of some "new" policy with credit cards. We made a recent trip from our home in the Dallas area to Carlsbad N.M. These transaction...
Forum Discussion
bshpilot wrote:JimFromJersey wrote:jkmac408 wrote:What would have happened had you lost that card but not realized it, and someone else took the vacation? Frankly, I'd be a little concerned that a bank DIDN'T notice out-of-the-ordinary usage. I can't understand why anyone would have a problem with a bank ENSURING that the person they're talking to and extending credit to is actually YOU, and not some dirtbag in Romania or somewhere like that.
We just got back from a 6 week trip and most everything was on our Visa. Didn't called anyone and never had an issue using the card. Wonder what the difference is.
the only reason the bank (or cc company) is calling is out of concern for themselves.
the card holder is not liable for charges they didn't create.
Yes you are! We all are! Okay not directly for the charges, but we all pay more interest on debt, get less interest on savings, and pay more for items in stores all to cover the loss by theft! So even though we are not personally liable for a fraudulent charge, it's in all our best interest to help the banks prevent it.
