Kimberly Palmer, NerdWallet Published 10:00 am PDT, Wednesday, September 18, 2019 This article was first published on NerdWallet.com. Few things can make consumers angrier than getting charged for items they didn’t buy, never received or aren’t happy with. The Consumer Financial Protection Bureau has logged hundreds of consumer complaints that include all of these scenarios and more. In recent months, one New York-based consumer filed a complaint about getting charged $7,300 while on a prepaid cruise. “We have no idea who this is, or what the charge is for,” the consumer writes. In another entry, a Florida resident says he is unhappy with the front door he paid $2,600 to install and wants his card issuer to reverse a portion of the amount since he was unable to get satisfaction from the merchant. If a product is charged to a credit card running on a network like Visa or Mastercard, you have a range of … [Read more...] about How Store Credit Cards Can Leave You Unprotected
Fraudulent best buy credit card
Check your bank balance, Avril Rhoades in Valdez, Alaska. Freeze your credit, Nazaryah Minnieweather of Victorville, California. And cancel your credit card, Jennifer Kelly in LaGrange, Georgia. A gang of thieves was selling your card information on a public Facebook group, and anyone willing to pay as little as $4 for stolen credit card information could use it to buy, say, a $1,099 iPhone and you'd get the bill. (Facebook shut down the group when notified of its existence by The Washington Post.) While microchips in credit cards have sharply reduced fraud in transactions that take place in stores, mobile and online transactions have become the low-hanging fruit of criminal opportunity. … [Read more...] about Think your credit card is safe in your wallet? Think again.
Claire Tsosie, NerdWallet Published 8:35 am PDT, Wednesday, September 11, 2019 This article was first published on NerdWallet.com. A missing credit card can put you in a tough spot, especially when you have no idea what happened to it. What if someone stole it? You want to alert your issuer before fraudulent charges start piling up and get a replacement ASAP. But getting a new card could take days. And what if it’s merely lost? You could cancel the card immediately — only to find it minutes later, hiding behind some couch cushions. Here’s what to do when you realize your credit card isn’t where it’s supposed to be. First, freeze or lock your card When you’re not sure what happened to your card, the best thing you can do is buy yourself some time to retrace your steps. That’s easy to do if your card gives you the option to lock or freeze certain new card transactions remotely from your phone or computer. Freezing or locking … [Read more...] about What to Do If You Lose Your Credit Card
I recently used my credit card to buy a banana. Then I tried to figure out how my credit card let companies buy me. You might think my 29-cent swipe at Target would be just between me and my bank. Heavens, no. My banana generated data that's likely worth more than it is. It ended up with marketers, Target, Amazon, Google and hedge funds, to name a few. by signing up you agree to our terms of service … [Read more...] about The spy in your wallet: Credit cards have a privacy problem
Holly Johnson, provided by Published 1:30 pm CDT, Friday, March 15, 2019 Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective. Innocenti / Getty Images There's more than one way to get the cash you need for your trip to Europe. You can use a credit card, get cash out of an ATM, or exchange currency before you leave the country. Credit cards offer the most affordable way to make purchases abroad, but only if you have a credit card with no foreign transaction fees. Beware of liability involved with using a debit card or ATM card abroad. If you report fraudulent activity between two and 60 days after it takes place, you could be on the hook for up to $500 in fraudulent charges, according to the Federal Trade Commission (FTC). Planning your first vacation … [Read more...] about How to pay for purchases on European trips — we break down the pros and cons of using cash, credit cards, and debit cards