General > General Technical Chat

"FU^%ING" Credit-Cards!!!

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Simon:
Yes, I had my card done 3 times and got a credit card so that I would not be out of pocket in the short term.

Bud:

--- Quote from: Simon on June 26, 2020, 04:46:10 pm ---Yes, I had my card done 3 times and got a credit card so that I would not be out of pocket in the short term.

--- End quote ---
This makes sense, especially if you choose a card that gives rewards or cashback, but you have to be diligent in paying off the balance every month. I for one have a cashback credit card that by end of year accumulates cashback amount sufficient to cover my Christmas shopping/gifts, so i sort of do my Christmas shopping for free.

Syntax Error:
In the UK a Cash Machine is a generic term for an ATM.

Another issue with cards is geo-fencing. Or rather the lack of it. Surley it would not kill the IT guys at your card processor to issue cards that can only be used in a given territory? Or at least, a transaction would not be authorized out of bounds?  But then this is rather like asking Microsoft why they never made Windows secure by default |O

SilverSolder:

--- Quote from: gnif on June 26, 2020, 03:56:04 pm ---
[...] Use a credit card, just always pay it off the same day you put money on it so you never get hit with interest. [...]


--- End quote ---

You usually don't have to pay until the next statement - all interest free.  You only get hit with interest after the statement date.

SilverSolder:

--- Quote from: Syntax Error on June 26, 2020, 04:15:16 pm ---[...]
And the banks didn't give a crap about card security anyway.

[...]

--- End quote ---

I once had a situation where someone had used my credit card details to make a large on-line purchase.  I phoned the bank, and they refunded it pretty much instantaneously.  Later on, I phoned the merchant to try to figure out how my card details were used.  He then told me that the bank had also reimbursed him!  -  so...  we have 3 winners...  me, the merchant, and the thief.   Who lost?   Probably not the bank, since all their money is printed anyway!  :D

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