Been ripped off

[wodin]

Interesting how so many off us have been affected..I suppose it's just a case of modern living. When they told me the website and I went to check it out and saw what it was you then think they are thinking "oh yeah right you never subscribed to that did you".

Thanks for the advice etc lads.

[rodney727]

Why I love my bank.
Twice they have froze my debit card. The first time I bought commander ww2 from matrix and they thought "matrix" was a bogus company and called me to tell me that this company was trying to deduct a amount from my account. The second time I purchased 64 gb of more storage from apple ICloud . While they knew of apple but not the company that runs iCloud. There is almost No reason at all to have a credit card unless you buy high priced items that takes years to pay off. Also check what interest your credit card charges you.... For example my credit card now is a fixed 3.9% with a 10,000 credit line in which I use on vacation for meals only. I have had this card now for almost twenty years. However when I got this card it was a 29.9% rate with a 100 year service fee. Go into your bank meet the tellers you will be shocked at the service you get.

[wodin]

3.9% WOW that is uber low for a credit card.. fairplay..

Funny enough I did get a call from my bank awhile ago saying they thought they'd seen unusual activity..which was..shopping bought from ASDA, my Virgin Bill and a couple of items from Amazon..hardly unusual!! Yet this happens (started abit after they phoned me) each month and they never bothered..

[Chickenboy]

ORIGINAL: rogo727
There is almost No reason at all to have a credit card unless you buy high priced items that takes years to pay off.

For some of the inherent differences between debit cards and credit cards (discussed above), I respectfully disagree.

We have a few credit cards that we pay off monthly and never carry a balance. Mostly, we accumulate awards and then switch off and close the accounts when a sweeter offer comes along. Why on Earth should we desire debit cards?

[rodney727]

This is an easy answer . Rewards with credit cardit cards come with a high price. You have to spend to get them and most Americans have a high interest rate. This is why you can't declare banrupancy on credit cards now ( a personal shout out to president Bush and you know it's a good thing when Obama agrees with it). Debit card keeps you in place in which you can spend only the money you have. Credit cards incurage you to spend money you don't have. If having only credit cards works for you than sweet but you are in the low minority who are disaplened enough to do this. It's not wise to live on credit cards alone sooner or later you dig yourself into a hole in which you can't recover. You would be better off investing in an IRA than having several credit cards. Debit cards are like garanteed checks.... Even in Minnesota it's a standard practice when you open up a bank account. And remember chase discover card and capital one sole mission in life is to make money off you. Banks encourage you to invest for the future. This ends the economic lesson.

ORIGINAL: Chickenboy

ORIGINAL: rogo727
There is almost No reason at all to have a credit card unless you buy high priced items that takes years to pay off.

For some of the inherent differences between debit cards and credit cards (discussed above), I respectfully disagree.

We have a few credit cards that we pay off monthly and never carry a balance. Mostly, we accumulate awards and then switch off and close the accounts when a sweeter offer comes along. Why on Earth should we desire debit cards?

[wodin]

debit cards are great for those who can't have a credit card but want to buy things from the net..also to sue to buy things from shops etc without the need to carry cash. Really it's just a cash point card with a couple of new "features" for modern living. I got one so I can buy my shopping from ASDA as I can't do it physically anymore.

[rodney727]

Yes. We use it to pay bills. Every year the IRS reports that people use less and less checks. By the year 2020. Most places will not accept checks as a form of payment. I can't tell you the last time I wrote out a check. It has been years.

ORIGINAL: wodin

debit cards are great for those who can't have a credit card but want to buy things from the net..also to sue to buy things from shops etc without the need to carry cash. Really it's just a cash point card with a couple of new "features" for modern living. I got one so I can buy my shopping from ASDA as I can't do it physically anymore.

[Unforeseen]

Age old...age old...you bought porn on the internet with your debit card and now every porn site in the world has your debit card number. Good job slick. Honestly people, if you are going to buy porn get a money card from dollar general.

[Chickenboy]

ORIGINAL: rogo727
If having only credit cards works for you than sweet but you are in the low minority who are disaplened enough to do this.

Yes. You're right. It does take some discipline to live this way. But we've done it for years. For us (and others can do it too), debit cards are unnecessary if you exercise some self discipline.

It's not wise to live on credit cards alone sooner or later you dig yourself into a hole in which you can't recover.

Only if you don't pay 'em off every month. If you don't, that's a fast downward spiral. But, by definition, if you pay off your cards every month, that means you have the money to do so.

You would be better off investing in an IRA than having several credit cards.

Eh? I'm not following you here. Why does one preclude the other?

Debit cards are like garanteed checks.... Even in Minnesota it's a standard practice when you open up a bank account.

That's right. When they gave us our debit cards, we promptly returned them and asked for ATM ONLY cards that cannot be used as a debit card. They (begrudgingly) responded to our request. We do not have any debit cards, only CC and ATM cards. See my previous comments about assumption of risks.

And remember chase discover card and capital one sole mission in life is to make money off you. Banks encourage you to invest for the future. This ends the economic lesson.

Banks encourage you to provide them with business to help their bottom line. That can take the form of checking / savings / money market accounts, HELOCs, branded credit cards, auto loans, etc. etc. No large scale (or even corner S&L) will get anywhere by breaking even. Their mission is to make money off of you too. Just in a more diversified methodology than strictly a CC company.

Banks aren't saints. CC companies aren't sinners. They're just choices. People need to understand a little bit about finance and take charge for themselves. That's the big problem, IMO. WAY too many financial illiterates out there.

[rodney727]

Truth of the matter is in general most Americans do not pay off their bills monthly. Debit cards insure you don't ring up a huge bill and then can't pay it off. Every time you use your credit card every credit card company charges a fee to the retailer ....debit cards do not. I would much rather invest in a bank in my hometown than send a check to some company in a large city who could care less who I am. Like it are not checks are going away, it's a sign of the times. As far as the IRA comment... Take the money you would spend on fee's and interest rates and put it into that. It cost me nothing to have a debit card. My debit card is accepted at every single your place your credit card is. It is safer, builds the same credit rating as a credit card.

ORIGINAL: Chickenboy

ORIGINAL: rogo727
If having only credit cards works for you than sweet but you are in the low minority who are disaplened enough to do this.

Yes. You're right. It does take some discipline to live this way. But we've done it for years. For us (and others can do it too), debit cards are unnecessary if you exercise some self discipline.

It's not wise to live on credit cards alone sooner or later you dig yourself into a hole in which you can't recover.

Only if you don't pay 'em off every month. If you don't, that's a fast downward spiral. But, by definition, if you pay off your cards every month, that means you have the money to do so.

You would be better off investing in an IRA than having several credit cards.

Eh? I'm not following you here. Why does one preclude the other?

Debit cards are like garanteed checks.... Even in Minnesota it's a standard practice when you open up a bank account.

That's right. When they gave us our debit cards, we promptly returned them and asked for ATM ONLY cards that cannot be used as a debit card. They (begrudgingly) responded to our request. We do not have any debit cards, only CC and ATM cards. See my previous comments about assumption of risks.

And remember chase discover card and capital one sole mission in life is to make money off you. Banks encourage you to invest for the future. This ends the economic lesson.

Banks encourage you to provide them with business to help their bottom line. That can take the form of checking / savings / money market accounts, HELOCs, branded credit cards, auto loans, etc. etc. No large scale (or even corner S&L) will get anywhere by breaking even. Their mission is to make money off of you too. Just in a more diversified methodology than strictly a CC company.

Banks aren't saints. CC companies aren't sinners. They're just choices. People need to understand a little bit about finance and take charge for themselves. That's the big problem, IMO. WAY too many financial illiterates out there.

[wodin]

Who bought porn? I didn't...never have done.

ORIGINAL: Unforeseen

Age old...age old...you bought porn on the internet with your debit card and now every porn site in the world has your debit card number. Good job slick. Honestly people, if you are going to buy porn get a money card from dollar general.

[vonRocko]

Debit cards are great for people who don't have the personal discipline to control their spending. Keeps them out of trouble. My credit card has no hidden fees or charges, as long as I pay my bill. It is very simple, don't charge more than you can afford. I know, I know personal responsibility is a relic of the past, and constant debt is the preferred state today, but that don't make credit cards evil.

[Yogi the Great]

ORIGINAL: wodin

Who bought porn? I didn't...never have done.

Let's see Wodin started the thread with

LOGOWNER.COM was the people who dealt with the payments for a website called Free Life Time 3D anime..which turns out to be a porn website.

Perhaps even in 3D? That could be even more exciting than gaming.[X(]

[wodin]

Due to my tumour I've had no interest in porn or anyhting else like that for many years...

So no the card wasn't used to by porn..only thing are bills' food and the odd game...oh and pressies at Xmas.

Finally why would anyone buy porn on the net?? Surely there is enough of it online for free anyway?

[Yogi the Great]

Just having a little fun Wodin. [;)] Your post opened it up, but looked more like you may have accidentally got involved with a company that happened to be something other than they appeared.

By the Way, Clark Howard and other consumer advocates suggest that you should never use a debit card on the Internet.

[Chickenboy]

ORIGINAL: rogo727

Truth of the matter is in general most Americans do not pay off their bills monthly. Debit cards insure you don't ring up a huge bill and then can't pay it off.

You're right in that most Americans don't pay off their bills monthly. It's a pity that so many people live beyond their means. I think a big part of it is basic monetary / fiscal / economic education. Many people are completely snowed by the most basic aspects.

Re: debit cards ability to insure fiscal solvency: only in the sense that they don't let you charge up vast sums that you don't have. They certainly can, in conjunction with checks, cash and teller withdrawals, let you overdraft your account (and ring up huge fees). There's danger both ways.

Every time you use your credit card every credit card company charges a fee to the retailer ....debit cards do not.

I don't think that's true, Rogo. If your debit card is branded as a Mastercard or Visa (almost all of them are), there's a fee paid somewhere along the chain. Whether that's the retailer to MC/V, your bank / S&L to MC/V or you to either of the aforementioned entities, someone's got to pay somewhere along the line.

I would much rather invest in a bank in my hometown than send a check to some company in a large city who could care less who I am.

Meh. Most of the banks / S&Ls in my area are chains-TCF, Wells Fargo, USBank are common ones around these parts. There are some small S&Ls or local banking chains. Many of these got eaten in 2008-2009 with the bloodletting of the financial crash. I don't envy those people that had to deal with the FDIC to get their money / accounts straightened out when these little guys (and there were a lot of 'em around the country) went under. Sure, it can happen to the bigs too, but with much less frequency.

As far as the IRA comment... Take the money you would spend on fee's and interest rates and put it into that. It cost me nothing to have a debit card. My debit card is accepted at every single your place your credit card is. It is safer, builds the same credit rating as a credit card.

I don't think it's safer, in terms of fraudulent activity. Please note the nature of the OPs instigating complaint. Debit card fraud is rampant and potentially devastating. I'd rather play with someone else's money than let them have unfettered access to mine, thanks.

If you pay off your CC monthly, you don't have any interest accumulating on your account. There are some CCs with annual fees-true-but many with no annual fees. For those where that's important, you can shop around. Those that are capable of understanding the limitations of CCs versus debit cards and have fiscal discipline, can take advantage of some of the nice rewards offered. Airline tickets, 'cash back' awards, and so on.

Re: funding an IRA-yes. That's a no brainer. One should be saving for retirement judiciously through a number of different vehicles (401(k); 403(b); IRA; Roth-IRA; SEP-IRA, etc.). One should also have ~6 months of emergency fund (liquid) available too. Car loans should be paid off tootsweet and kids should have money invested for their college education early and often. Home mortgages should be refinanced and converted to a fixed interest rate at a low APR and people older than 50 should look into buying long-term care insurance. All good common sense. But it doesn't address the debit vs. credit card argument.

[rodney727]

I have worked in the grocery industry my whole life. While its true the debit card has a visa/master card symbols on it it's simply saying that you can use your card anywhere. Many small ma&pa shops simply can't afford the credit cards fees so its cash and check only. Many places like Walmart are set up as a debit purchase and you have to change it yourself to credit as you choose. Yes it's true not a big fan of credit cards no matter on how your state it its bad for America . Also when you write a check out now they take it straight out of your bank account and simply hand your check back to you. Welcome to the modern world chicken boy . And don't even get me stared on pre-paid credit cards!!! But this is America after all. Kudos to you that you have the discipline to use credit card responsible . While there is debit card fraud there is a lot more credit card fraud. If the OP used his credit card the same thing would have happened. Apples to oranges really.

[rodney727]

The average cost every time you use your credit card cost right around 50 cents. It's more if you use American Express . To the retailer that is not the consumer . Seen those commercials where you can swipe a credit card on your smart phone and they say it will only charge you a very low 3.25% every time you use it? Now apply that to a retailer.

[wodin]

A fair few shops wont taken American Express..thats prob the reason why.

[Chickenboy]

ORIGINAL: rogo727

If the OP used his credit card the same thing would have happened. Apples to oranges really.

Well, is it the same thing or apples to oranges? I don't understand your point.

In any case, NO, the same thing would not have happened. The debit card fraud directly debited his bank account. He had to appeal to the company identified as the funds recipient to get his money put back in to his account.

If a credit card had been used, the fraudulent balance would have appeared on his CC bill / statement. He could then have taken it up with the CC company and they could have removed it from his balance. In no way would the CC company have pulled that money from his account. It was a fantasy (read: credit) balance with the card. Like I said-'playing with someone else's money'.

In a trip to Kazakhstan some years ago, I was the victim of credit card fraud from a store where I bought shoes. What should have been an affordable $25 pair of leather shoes was charged some $650. They switched receipts on me-handing me a receipt signed by someone else. I should have looked at the signature, but didn't.

When I returned home, I found the error and complained to the CC company when I saw the discrepancy on my statement. I sent them the fraudulent receipt and filled out the forms necessary. They were balky about writing off that much debt and hemmed and hawed about reversing the charge.

I didn't pay the bill and informed them that I would not pay for charges that were clearly fraudulent in nature. Full stop. If necessary, I would cancel my account and they could take me to court over these charges. Eventually they gave in and reversed the charge, but it took months.

Think they would have done anything if it was a debit transaction? 'Cuz I don't. They would already have had my money. They may have instructed me to deal with the vendor directly-like in Wodin's case-to get my money back. Think me calling up some Kazakh shoe store to accost them would have solved the trick? That's not my job-it's theirs as a credit company.