This time it's the credit card company itself.
My credit card company phoned me to report that my card had been compromised. They canceled my account and set me up with a new account. Then they charged me $10.00.
Funny, I don't remember paying $10.00 to get the first card...
--Winston
What information did they ask you for? I sure hope you haven't been scammed.
Wes
That money thing bothered me. If a CC company lost faith in their cards, sending out new ones automatically would be what I expect.
Wes
You just got gamed!
That is what I would expect. 'Cost of business' sort of thing. I sent them an email asking for some justification. They responded by saying that *I* had claimed the card had been 'lost or stolen'. WTF? Can you say 'Blame the victim'?
They verified that I was the guy they wanted to talk to. They provided me correct 'dollar amount' info about charges placed on given days. I was reasonably certain they were who they claimed to be. The fact that the replacement card arrived a couple days later indicates they were the genuine article.
We both know that I was. Thing is, they can milk me endlessly this way just by claiming the card was compromised, again and again. It's what I get for paying my bill in full, on time. :(
sending out new
As would I.
--Winston
Yup. 'And so can you!' :)
--Winston
Yeah, me too. No charge, but my CC number is on file a few places & changing them all was a minor pain. Bob
They usually buy you a year's subscription to an identity protection alert service.
Who was the bank? Some are honest, some are not.
I suggest folks avoid Chase and Capital 1.
These guys:
They've actually been very good up until now. I guess the meltdown caught them by surprise.
--Winston
I've found that most credit card companies will negotiate stuff like that. I'd call them, thank them for closing the compromised account and tell them I'd rather they close the new account than pay them $10 to retain it.
I've done that a few times (3 or 4) on late fees that really were legit but I still didn't wanna pay them. They said "oh, OK" and removed the fees.
Facing facts, they need you a lot more than you need them!
I'm one of those too. In the trade we are called 'Deadbeats'.
My 6.8 interest rate was recently raised to 14.8 . Not much of a chance I'll ever leave a balance past 25 days now.
Of course if you cancel your card, your credit history for it is closed reducing your fico score. One more financial game that is rigged.
Wes
ever leave a
reducing your fico
You better check your credit report fairly often. It can be done for free three times a year by using one of the three bureaus at a time.
With all the fraud going around it's almost a given that there will be something not right on your report.
And it's a bitch to get it straightened out!
Verizon had me down for a $1200+ charge off. I called a dozen times, talking to different faceless morons each time, before they finally figured out it wasn't mine. They said they would correct it with the reporting bureaus, but that can take six weeks or more.
In the mean time, I'm sitting here wondering why I'm playing a rigged game!?!
Richard
Maybe was not the cc company. My CC company just sent me a card with new numbers. Because a merchants data base was compremised. No extra charges.
(...)
Food for thought. Thanks, Don.
--Winston
(...)
Yeah, but it's amazing how many vendors don't grok that.
--Winston
(...)
reducing your fico
But, I thought my credit score would *increase* with fewer opportunities to indebt myself.
Oh well!
--Winston
Not all credit card companies hate people like you and I. After all, then get about 2% of everything you buy, by changing the vendor for merchant fees.
Woopee.. 2%
Richard Another dead beat heard from
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