Online Purchases only on CC
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Online Purchases only on CC
Posted by RebelOP on 6/25 at 3:49 pm
I've often heard that people will only purchase items online using a credit card. The reason behind this is if someone were to get access to the card number they don't clear out your bank account if you were to use a debit card.

What does the MT do?


This post was edited on 6/25 at 3:51 pm

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Posted by mach316 on 6/25 at 3:51 pm to RebelOP
quote:

only purchase items online using a credit card



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Posted by Teddy Ruxpin on 6/25 at 4:07 pm to RebelOP
quote:

every single purchase humanly possible using a credit card



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Posted by fishfighter on 6/25 at 4:09 pm to Teddy Ruxpin
CC for on line only.


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Posted by SG_Geaux on 6/25 at 4:22 pm to RebelOP
quote:

only purchase items online using a credit card.



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Posted by TheWiz on 6/25 at 5:19 pm to RebelOP
Only have debit cards. Isn't anything reported within a reasonable time frame usually safeguarded?


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Posted by Teddy Ruxpin on 6/25 at 5:21 pm to TheWiz
quote:

Only have debit cards. Isn't anything reported within a reasonable time frame usually safeguarded?


Ya I guess, but still a hassle.

But really, my reason for purchasing every thing possible on a CC has little to do with security, and more to do with getting free stuff.



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Posted by wegotdatwood on 6/25 at 7:27 pm to Teddy Ruxpin
quote:

more to do with getting free stuff.



This, between saving up tons of points and getting 2 $400 sign up cards, I redeemed $2,000 this year.


This post was edited on 6/25 at 7:28 pm

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Posted by TigerTatorTots on 6/25 at 10:52 pm to RebelOP
Why would you ever use a debit card when a CC acts the exact same way, but in addition you get free stuff?


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Posted by RebelOP on 6/26 at 7:44 am to wegotdatwood
quote:

2 $400 sign up cards


Where was this???? I must know.



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Posted by Volvagia on 6/26 at 7:47 am to Teddy Ruxpin
quote:

every single purchase humanly possible using a credit card


This.

I carry a debit card for easy access to funds/transactions in a pinch, but always use a CC.

Better fraud protection, and better rewards.

Folks, you are more exposed to someone stealing your card info at a restaurant than you are online.



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Posted by Volvagia on 6/26 at 7:49 am to TheWiz
quote:

Only have debit cards. Isn't anything reported within a reasonable time frame usually safeguarded?


Oh you have some recourse.

But less than you would with a CC.

And in the interim while the investigation is going on, the only thing you are missing is the value of the item frozen from your credit.

The money is GONE from your bank account and you are hoping to get it back.



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Posted by LSUtigerME on 6/26 at 8:23 am to RebelOP
quote:

every single purchase humanly possible using a credit card


For fraud, rewards, and MC benefits like extended warranty, accidental replacement, etc.



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Posted by BACONisMEATcandy on 6/26 at 8:49 am to RebelOP
quote:

Where was this???? I must know.


One was Chase Sapphire Preferred and the Other was the NFL Barclay Card



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Posted by LSUAfro on 6/26 at 9:14 am to Volvagia
quote:


Oh you have some recourse.

But less than you would with a CC.

And in the interim while the investigation is going on, the only thing you are missing is the value of the item frozen from your credit.

The money is GONE from your bank account and you are hoping to get it back.

I can tell you've really researched this

I mean...You should probably research stuff before you pass on information as truth. That's just me though. I don't like sounding like a dumbass

ETA: And I use a CC for points. No other reason. The whole "hassle" about losing your debit card and theft is no bigger than the hassle when you lose your CC. It's a hassle either way.


This post was edited on 6/26 at 9:16 am

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Posted by Putty on 6/26 at 9:51 am to TheWiz
quote:

Only have debit cards. Isn't anything reported within a reasonable time frame usually safeguarded?


The way I understand it is that your exposure on CCs is limited to about $50 by law. While debit cards with a CCs logo (i.e. Visa debit, etc.) will traditionally honor this $50 limit, there is nowhere near the same guarantee.

However, more important to me is that if you dispute a CC bill, you keep your money until it's sorted out. If you dispute a DC charge, you have to fight like hell to get back the money that you probably need for other things. Big swing in leverage and practical exposure.



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Posted by LSUAfro on 6/26 at 9:59 am to Putty
quote:

The way I understand it is that your exposure on CCs is limited to about $50 by law. While debit cards with a CCs logo (i.e. Visa debit, etc.) will traditionally honor this $50 limit, there is nowhere near the same guarantee.

False. The EFTA says that you're limited to $50 liability on debit cards as well if reported within 2 days.
quote:

However, more important to me is that if you dispute a CC bill, you keep your money until it's sorted out.
And vice versa, I have access to my $10k credit limit card if my debit card is stolen. If my credit card is frozen, I have a lot less access to funds.
quote:

If you dispute a DC charge, you have to fight like hell to get back the money that you probably need for other things
Same fight you will have with your CC company and I actually had an easier time dealing w/ my local bank than I did over the phone with my CC company in India.



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Posted by Volvagia on 6/26 at 10:20 am to LSUAfro
quote:

I can tell you've really researched this

I mean...You should probably research stuff before you pass on information as truth. That's just me though. I don't like sounding like a dumbass



It's called experience.

Ive gotten a fraulelent charge on both before.

Bank basically said, "Eh, really? We thought it was legit. Can't help ya, but well help you move your accounts to new numbers."

Was a national bank too.....


CC was smooth as can be....


So you can take your smug attitude and shove it.


This post was edited on 6/26 at 10:23 am

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Posted by wegotdatwood on 6/26 at 10:20 am to BACONisMEATcandy
quote:

One was Chase Sapphire Preferred and the Other was the NFL Barclay Card



Thanks for the heads up, wish I could have gotten the nfl card when it was spend 1k, get $400.


All: Get pend fed gas card for 5% at gas stations. I get about $15 a month auto added to my account and the only thing I buy is gas with that card.



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Posted by LSUAfro on 6/26 at 10:23 am to Volvagia
quote:

It's called experience.
It's called legal rights.
quote:

Ive gotten a fraulelent charge on both before.
As have I.
quote:

CC was smooth as can be....
I had the opposite exeprience.
quote:

So you can take your smug attitude and shove it.
There seems to be a lot of misunderstanding on this. I shouldn't have been smug. My bad



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