Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Credit card fraud
Old 01-24-2020, 03:00 PM   #1
Recycles dryer sheets
 
Join Date: Jun 2018
Posts: 80
Credit card fraud

We use our CCís for everything, pay promptly and enjoy cash back. Twice in 30 days my main card has been compromised for fraud. Provider said itís a risk when you use CC at gas pumps and online (thanks for the help!). Itís a big pain to change auto-payments.

How often does this happen to you?
__________________

WhenIsItTime is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-24-2020, 03:07 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 5,182
Quote:
Originally Posted by WhenIsItTime View Post
We use our CCís for everything, pay promptly and enjoy cash back. Twice in 30 days my main card has been compromised for fraud. Provider said itís a risk when you use CC at gas pumps and online (thanks for the help!). Itís a big pain to change auto-payments.

How often does this happen to you?
Once in awhile for me.
What we do is have a separate CC just for auto payments.
__________________

__________________
TGIM
Dtail is offline   Reply With Quote
Old 01-24-2020, 03:12 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 9,928
Look at Capital One's ENO service. Each auto-payment company gets a unique CC number. No need to change them all. 1.5% cashback on the card.
__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Old 01-24-2020, 04:13 PM   #4
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 20,387
We've (so far) only had it happen once about 20 years ago and easily resolved by writing a letter. For the stuff that is on auto-pay I only use one CC for that and it stays in a drawer and is used for nothing else.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 01-24-2020, 04:15 PM   #5
Full time employment: Posting here.
swakyaby's Avatar
 
Join Date: Feb 2011
Location: central California
Posts: 531
I followed the advice of some members here who keep a credit card at home for all the auto-pay accounts. So if my wallet ever gets stolen, at least I don't have to deal with switching those accounts.
swakyaby is offline   Reply With Quote
Old 01-24-2020, 04:22 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 23,963
Quote:
Originally Posted by WhenIsItTime View Post
We use our CCís for everything, pay promptly and enjoy cash back. Twice in 30 days my main card has been compromised for fraud. Provider said itís a risk when you use CC at gas pumps and online (thanks for the help!). Itís a big pain to change auto-payments.

How often does this happen to you?
I generally use PayPal for online orders, except for Amazon, and ApplePay if itís an option online.

Iíve started to see contactless gas pumps so Iíll start using that when I can, although we buy most of our gas at Costco.

I have several backup cards because Iím always expecting a compromise, even though itís been quite a while.

Auto payments are on separate cards from what I carry I
in my wallet or use for online purchases.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 01-24-2020, 04:25 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Apr 2010
Posts: 3,111
We use credit cards for everything. We do a fair amount of international travel each year.

We have had our credit card compromised three times in the last ten years or so. Each time it was always at home, never overseas.

I think the chances are always good. The news is full of retail sites being hacked for credit card data. Most places, especially in Europe, bring a hand held unit to you in order to input the pin. Or they have a unit by the desk. We like to keep our cards within our line of sight at all times.
brett is offline   Reply With Quote
Old 01-24-2020, 05:47 PM   #8
Recycles dryer sheets
Kwirk's Avatar
 
Join Date: Mar 2006
Posts: 326
Last year a taxi driver in Santiago, Chile told us that our Costco Visa (Citibank) chip card had been rejected. So, we paid $40 US cash. What we didn't know until a day later was that he had actually charged 998,000 Chilean pesos (~$1300.00) to our account with no signature or, obviously, PIN. We reported the fraud as soon as we were aware. There is no address or phone number associated with the charge. A web search for the charging company turns up nothing.

Citibank has refused to recognize the rather obvious fraud and is refusing to cover the charge without offering evidence or explanation. As best we can tell is that they are refusing because the chip shows that the card was present. Our next step seems to be arbitration.
Kwirk is offline   Reply With Quote
Old 01-24-2020, 06:01 PM   #9
Full time employment: Posting here.
 
Join Date: Jul 2011
Posts: 811
We use the Cap 1 virtual card for online purchases and/or paypal.

But don't you think USA credit card companies would provide a pin like they do outside of the USA and on debit cards. At least provide the option for those of us who want it.
davef is offline   Reply With Quote
Old 01-24-2020, 06:06 PM   #10
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 14,146
Quote:
Originally Posted by Kwirk View Post
Last year a taxi driver in Santiago, Chile told us that our Costco Visa (Citibank) chip card had been rejected. So, we paid $40 US cash. What we didn't know until a day later was that he had actually charged 998,000 Chilean pesos (~$1300.00) to our account with no signature or, obviously, PIN. We reported the fraud as soon as we were aware.
Santiago taxis are notorious for fraud. Look at tripadvisor.com or other travel websites and you'll see loads of warnings about them. Particularly at the airport when you're trying to get to your hotel. You'll have a driver come up to you holding a sign saying he is an "official airport taxi" and try to grab your bag and get you into his cab. If he succeeds at that, there are at least half a dozen different scams he can pull, some of them really sneaky.

If you go there, just order a taxi at one of the desks in the baggage claim area (Delfos or Transvip) and you'll be fine. It will cost less than the roaming "official" cabs, and is completely safe.
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 01-24-2020, 06:08 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 8,106
I recently had my Menard's card used in another State for over $1K worth of stuff at a gas station
I had the card all the time, they got the number from a database (I never used it at a gas station).

I have largely moved to the "use 1 CC for autopay items and use others for purchases."
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 01-24-2020, 06:08 PM   #12
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 14,146
Quote:
Originally Posted by davef View Post
But don't you think USA credit card companies would provide a pin like they do outside of the USA and on debit cards. At least provide the option for those of us who want it.
This is why many of us have the MasterCard from First Tech Credit Union.
It's almost the only one that operates on PIN priority (instead of signature) like European cards do.
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 01-24-2020, 06:19 PM   #13
Recycles dryer sheets
 
Join Date: Jun 2018
Posts: 80
Thanks for replies. We operate with 2 cards: Discover and a Visa that has 1.75% cash back. Looks like I need to add 1 for auto-pay as I canít give up the rebate. Not crazy about a 3rd to track.
WhenIsItTime is offline   Reply With Quote
Old 01-24-2020, 06:20 PM   #14
Recycles dryer sheets
Kwirk's Avatar
 
Join Date: Mar 2006
Posts: 326
Quote:
Originally Posted by braumeister View Post
Santiago taxis are notorious for fraud.
That is pretty much what happened. We had arranged with our hotel to be met by a driver. But, there was no driver to meet us. We were "helped" by Tourist Assistance reps (a complete fraud group with badges and good English). We hadn't done any real research on airport transportation because we thought we had it covered. Our otherwise high quality boutique hotel didn't seem surprised (and I'm suspicious that they may have had some involvement). It was also surprising that we never got the usual text alerts for the charge.

So, now we have to be concerned every time we hand our card to a waiter, clerk, or driver less they have a side-line business or run next door with our card for a little shopping.

Be careful out there.
Kwirk is offline   Reply With Quote
Old 01-24-2020, 07:33 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 23,963
Quote:
Originally Posted by braumeister View Post
This is why many of us have the MasterCard from First Tech Credit Union.
It's almost the only one that operates on PIN priority (instead of signature) like European cards do.
Yeah, but we hardly need it anymore because so may places take ApplePay.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 01-24-2020, 07:48 PM   #16
Thinks s/he gets paid by the post
CaliKid's Avatar
 
Join Date: Apr 2016
Location: Cali
Posts: 1,022
It's at least once a year for us but about 2 years ago it happened 3 times within a few months. That sucked. It's life. I keep a list of my autopays and just go through the list and update them when it happens. Not a big deal at this point after doing it so many times. However, can NEVER remember how to change USAA insurance. 15 autopays and it's the only one that I find difficult.
__________________
______________________
Hoping to get out around September 1, 2022... I hope, I hope, I hope. Until then off to work I go....
CaliKid is offline   Reply With Quote
Old 01-24-2020, 07:49 PM   #17
Recycles dryer sheets
oscar1's Avatar
 
Join Date: Jul 2013
Posts: 87
You could set up an auto magic deposit to a 2nd big bank account (Separate from your primary debit/checking bank) on a weekly or monthly basis and then let all your auto-pays draw from that bank account (banks typically have better security). Sort of a way to keep the crooks away from your primary cookie jar and limit exposure. Yes, I know, another 1099 at tax time.
__________________
Enjoy your life and do as many things as possible while you can! There will come a day when you donít want to or you canít!
oscar1 is offline   Reply With Quote
Old 01-24-2020, 07:50 PM   #18
Thinks s/he gets paid by the post
 
Join Date: Mar 2012
Posts: 1,310
Happens once or twice a year - always with Visa, never with Discover.
njhowie is online now   Reply With Quote
Old 01-24-2020, 11:17 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 8,106
Quote:
Originally Posted by njhowie View Post
Happens once or twice a year - always with Visa, never with Discover.
Thats because even the crooks know hardly anyone takes Discover
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 01-24-2020, 11:20 PM   #20
Full time employment: Posting here.
rk911's Avatar
 
Join Date: Dec 2018
Location: DuPage County IL
Posts: 625
Quote:
Originally Posted by WhenIsItTime View Post
We use our CC’s for everything, pay promptly and enjoy cash back. Twice in 30 days my main card has been compromised for fraud. Provider said it’s a risk when you use CC at gas pumps and online (thanks for the help!). It’s a big pain to change auto-payments.

How often does this happen to you?
2 or 3 times in the last half-dozen years and just once before that about 25-yrs ago. i’ve now enabled an alert for any transaction > $1. our monthly auto debits are from our checking acct for that very reason. bedn doing the ACH debits from checking almost from the day they were offered.
__________________

rk911 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Credit Card Fraud . . . again Rustward FIRE and Money 19 03-31-2010 10:37 PM
Pre Paid Credit Card/ Gas Card or Credit Card nphx Other topics 4 04-29-2008 02:04 PM
Credit Card fraud alert Khan Other topics 3 10-19-2007 11:27 PM
Credit Card Fraud Indexter Other topics 13 06-19-2006 05:59 PM
Credit Card Fraud question MJ Other topics 4 06-18-2006 09:05 PM

» Quick Links

 
All times are GMT -6. The time now is 02:33 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
×