A recent Money Magazine article caught my attention. It's about being carded when you use a credit card. The cashier may ask to see your ID as a way to curb fraud losses.
The author reminded me that by surrendering not only my credit card number I would be providing my driver's license information, address, age, and other statistics. In the least, the retailer may use it to place me on their mailing list.
Showing ID does nothing for the purchaser as most major credit card companies protect the holder from fraud liabilities.
MasterCard, Visa and Discover forbid stores from requiring ID when a signed card is presented. American Express discourages the practice. Let the clerk now this should you be asked.
If the store insists, the author suggests a phone call to the credit card company may help or a complaint against the store may be filed. "Rogue merchants can be fined or suspended."
'til later
Bargain Barb
- Bargain Barb
- Naperville, Illinois
- Greetings! I have years, no decades, of financial experiences to share. I have a passion for education. I am a control freak in that I need to know where my $ goes. I continually ask myself do we need that, what risks are we taking with that investment, how/when can we get at our $, and just how much does Uncle Sam demand of our every earned $. Stay tuned to my life choices now and my references to life choices/experiences from my past.
No comments:
Post a Comment