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
jkmac408 wrote:
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 difference is the card issuer (the bank or Amex and Discover if the card is not Visa or Mastercard).
There is quite a bit of bad information on this thread.
-Visa and MasterCard make the rules for the banks, and convey the authorization requests from the merchant to the issuing bank. They do not employ any fraud detection protocols, rather they provide some tools for a fee to the banks to assist in fraud detection.
-There is ZERO liability to the Cardholder (you and me) in the event of a fraudulent transaction.
-Due to the amount of hacked cards at various large merchants, some issuers chose to tighten up their fraud protocols and inconvenience many of their cardholders using cards that were used at the very merchants that had been hacked. Essentially they transferred a large part of their responsibility to prevent fraud from their institution to their customers.
Many people (most folks on this thread) have no problem giving their issuer information about their travel itineraries.
Others (like me) believe it is none of their business.
