Credit card thieves...

[bobarian]

Debit cards are completely different from credit cards. Debit cards offer very little or no protection against fraud. It also takes some time for any money to be refunded to your account. Most credit cards offer much better fraud protection. I've had a few credit cards compromised over the years, charges were reversed immediately and new cards issued and delivered within 48hrs.

[AdamJoshua]

Originally Posted by bobarian

Debit cards are completely different from credit cards. Debit cards offer very little or no protection against fraud. It also takes some time for any money to be refunded to your account. Most credit cards offer much better fraud protection. I've had a few credit cards compromised over the years, charges were reversed immediately and new cards issued and delivered within 48hrs.

I have to say, Bob, that Chase reversed the charges within 10 minutes, credited the account while they did their investigation I should say, they were actually very good about that, I was more upset with their devil may care attitude and with Direct TV. That being said I use my debt card less and less and cash more and more now, why leave yourself open for no reason.

[MrClean]

We bank with a credit union, we had a small charge show up for $129 to some 3rd world airline which didn't get flagged, then they tried a $3000 airline ticket purchase which got rejected even though it would have cleared. The credit union called us and we went through all the recent charges and they refunded the money right away.
I haven't used a 'standard bank' in years so I can't speak to how they handle fraund, but we've been really happy with the credit union. I know that policies differ between all banks and credit unions, but from the stories I've heard, it seems like the credit unions care a little more about their customers.

[kydsid]

Originally Posted by MrClean

We bank with a credit union, we had a small charge show up for $129 to some 3rd world airline which didn't get flagged, then they tried a $3000 airline ticket purchase which got rejected even though it would have cleared. The credit union called us and we went through all the recent charges and they refunded the money right away.
I haven't used a 'standard bank' in years so I can't speak to how they handle fraund, but we've been really happy with the credit union. I know that policies differ between all banks and credit unions, but from the stories I've heard, it seems like the credit unions care a little more about their customers.

This is exactly how Wells Fargo has treated any problems I've had. In fact if I travel so me where I'll get an automated call to verify transactions that are pending within the first day or two in the destination.

[Subvet642]

Originally Posted by MrClean

We bank with a credit union, we had a small charge show up for $129 to some 3rd world airline which didn't get flagged, then they tried a $3000 airline ticket purchase which got rejected even though it would have cleared. The credit union called us and we went through all the recent charges and they refunded the money right away.
I haven't used a 'standard bank' in years so I can't speak to how they handle fraund, but we've been really happy with the credit union. I know that policies differ between all banks and credit unions, but from the stories I've heard, it seems like the credit unions care a little more about their customers.

That's because they don't have customers, they're called shareholders. The nature of a credit union is that it's owned by its depositors, so they're not really customers. Our credit union has regular elections for president, etc. and every shareholder can vote. It offers more services, mostly free (of course you would pay interest on loans, pay for safe deposit boxes, etc.) and kept further ahead of the technology and security curve than any bank I know. Your credit union rocks because you, and people like you, own it.

[14holestogie]

Bank America offers a ShopSafe service where you generate a new number for just the amount you need at the time that charges back to your original. Works like a charm. Leaves little or nothing for the scammers.
Not my favorite charge card, but they are the only ones I know offering this type of service.

[n3uka]

Originally Posted by 14holestogie

they are the only ones I know offering this type of service.

Citibank also offers a virtual credit card option.

[Subvet642]

Originally Posted by AdamJoshua

I have to say, Bob, that Chase reversed the charges within 10 minutes, credited the account while they did their investigation I should say, they were actually very good about that, I was more upset with their devil may care attitude and with Direct TV. That being said I use my debt card less and less and cash more and more now, why leave yourself open for no reason.

I have a debit card that I use by transferring only what I need for a purchase from another account, and only that much. If anyone else tries to use it, they'll find it empty and I'll get an email from the credit union.