Comments on: Credit Card Fraud

By: Randy

Randy — Thu, 28 Dec 2006 09:52:12 +0000

I got a fraud alert call from my credit card company yesterday for charges made in Jerusalem! (I’ve never been there). Apparently these credit thieves will try random combinations of credit card numbers and expiration dates even if they don’t have your physical card. If they happen to guess yours right, they’re in the money and you get the fun task of cancelling the card.

By: saffronsaris

saffronsaris — Wed, 06 Dec 2006 13:43:34 +0000

That was sneaky, having small transaction amounts so most people don’t bother to check too closely and merely write off the amounts as somethings they buy on the spur of the moment and forget about it.

By: Sean P. Aune

Sean P. Aune — Wed, 06 Dec 2006 09:39:08 +0000

The one thing that sucks in all of this? Credit card companies lead you to believe that they eat the fraud. BZZZT Thanks for playing. It’s the retailers who accepted the cards. In my 20+ years of retailing we have been hit several times (I can now spot them pretty easily) and in all that time I have only *ONCE* won my appeal with the credit card company.

I’m not saying you should report it, you most certainly should, but I am sick and tired of credit card companies moaning and whining about how much fraud THEY eat. Total BS.

By: Shari

Shari — Wed, 06 Dec 2006 04:22:11 +0000

I’m sorry to hear this happened to you, Roy. I guess you can be glad it wasn’t for more money and that the credit card company can refuse payment.

The interesting thing is that your experience proves something that I’ve always told my students when we discuss on-line shopping. They say they worry about safety and their credit card info. getting lifted. I always point out that anyone who handles their card, including those in stores where they buy stuff face-to-face, could get their information. They seem to feel that is highly unlikely but your experience shows it can happen.