Anyone have Sears MasterCard limit decreased
Hey guys; DW had this mastercard issued by Sears Canada for several years. Several days ago DW noticed her credit limit for that card was lowered from just over 10K to just above 8k. She called an...
Forum Discussion
rockhillmanor wrote:fj12ryder wrote:
I don't understand using a debit card for internet purchases. No real pluses, and the minus of having whatever is in the account lost. Plus no "float".
The other down side of using a debit card is you can NOT dispute a charge like you can on a credit card.
I got hacked on my debit card from a website I bought something from and the 3rd party crook was debiting my account every 20 minutes for $89.67. Called the bank and they said NOPE sorry can't help you, its a debit card, can't dispute the charge. :R
Panicking I Got to the president of the banks office and demanded that he sit and watch my account. That "I" was not using the debit card every 20 minutes for the same amount. They FINALLY took the charges off but not after several hours of arguing with them.
I now know for sure you can't dispute debit card charges like you can with a credit card. :C
Not true. It depends on your banks rules. My bank will reverse debit charges after you file a complaint, just the same as a credit card. Have had to do it before and they had me fill out complaint. I was reimbursed next day including all fees.
The big issue with a debit card is it is real money and comes out NOW and can create many ripple problems with automatic drafts, bill pay, etc.
With a credit card it usually just creates a hassle to get the credit reversed and no real money was lost.
A good idea is to get the one shot VISA that banks offer. You get an account number for that transaction and it can not be used again.
