magicbus wrote:
mich800 wrote:
... A bank does not put an authorization hold for suspicious activity. They notify the card holder and give you the chance to cancel the card if it has been compromised.
My bank put my card on hold because I traveled out of state, purchased fuel, shopped at a Walmart and then then at Costco. Checking out at Costco my card was no good. The cashier said to check my texts and sure enough I had texts from my bank after each use. I just replied to the last one saying I was me and they replied my card was reactivated.
I think this is a great feature and I now remember to give my credit card company my travel plans beforehand.
Dave
Yes, the credit card companies do a pretty good job trying to minimize fraud based on purchase habits. But unless I am misreading the op they were talking abut an authorization hold which is entirely different. One is a mechanism to make sure there is sufficient credit to complete the transaction. And the other to stop transactions.