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Barry Barcrest:

--- Quote from: shardian on July 07, 2009, 09:08:47 am ---
--- Quote from: saint on July 07, 2009, 09:03:10 am ---How'd you find credit cards that didn't cut your liability at $50 each when lost or stolen?

--- End quote ---

Huh?? Kindly reword your sentence so it makes sense. I assume you are saying that your credit card companies charge you $50 for replacing a lost card. If so, that is ridiculous! I've gotten damaged and lost cards replaced happily and quickly by my CC company - at no charge whatsoever.

--- End quote ---

He was saying you are only liable for the first $50 of fraudulent use of your cards. Not that you pay $50 for replacements, as Chad said this practice wasn't as common before internet fraud kicked in especially if you didn't report the cards lost or stolen quickly enough. I think it was within 24 hours.

ChadTower:

--- Quote from: pinballjim on July 07, 2009, 03:35:39 pm ---Uhh... the $50 liability limit has been around since 1968.

--- End quote ---


Don't know anything about that but it used to be a lot harder to get a credit card company to honor that.  It wasn't always like now where people can call and have a high amount item taken right off the card.  They used to fight over everything.  I remember one of the items I had to fight over was a $75 bar tab in Puerto Rico.  I've never been to Puerto Rico.

richms:
This is why I will never have a debit card - the banks here in NZ are really pushing them saying that you use your own money like its a good thing. The problem is most of the banks dont do it properly, so when you buy fuel or a pizza where they authorize first and then confirm the charge most of the banks actually end up putting a charge on the account for the authorization amount, then one for the purchase, then reverse the authorization amount, so if you go into OD they get to charge you for it.

Then there is the non reversal of authorizations which then leave you unable to use your money for 2 weeks or so, which they cant help you with.

I cant understand how people are so happy to be using their own money rather then someone elses for no cost, particually with the substantially broken credit card authentication (that is, none) and that people routinely hand over a piece of plastic with a 16 digit wide open way to get to their money whenever buying things...

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