No. of Recommendations: 2
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
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement