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Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: When fraud flags work||Date: 6/4/2013 3:04 PM|
|Author: joelcorley||Number: 307054 of 309050|
You wrote, This seems to be very common these days. In the last 2 years I have traveled about 4-6 times [out of state] and the first 3 times I had my card declined by BofA's AMEX fraud prevention department. Upon calling they indicated that my pattern of spending was outside of the norm and this triggers an automatic freeze on the card.
Yeap. They're profiling you. They've been doing this for decades now.
In the '80s and '90s if I forgot to call the credit card companies before going on a trip, my cards would get declined - usually on the second purchase attempt. These days I sometimes travel (or make a purchase online) and then realize I didn't say anything ... but they don't block the purchases.
With that said, Chase has caught fraud on two of my accounts in recent years. Of course one of the accounts had been inactive (backup card; not in my wallet) for a long time and had almost never been used at all. Made me wonder where it got compromised (almost had to have been an inside job) and how they knew what "purchasing pattern" to look for.
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