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Author: cabinsmama Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308881  
Subject: Re: Another reason to not use debit Date: 7/15/2012 9:46 AM
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And in praise of CCs, although it annoyed me at the time...I was at a gas station and wanted to buy $200 in gas cards with my CC. As soon as the transaction was rung up, it was declined. While the cashier was trying to figure out what to do and was checking with the manager, my cell phone rang--it was my CC company telling me that they had just declined a suspicious transaction and if I wanted the transaction to go through, press "1".

Later I learned that purchases of gas cards in large amounts is one of several flags that indicate someone may be trying to get as much use out of a stolen card as possible before it's cancelled.

I wonder why debit cards don't have flags for unusual charges. Maybe because the individual, not the issuing bank, is more on the hook for errors like this?

cm
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