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This. This should be a more common practice for bad customer experience, as long as it's not done for fraudulent reasons.
by tehlike 9y ago
This. This should be a more common practice for bad customer experience, as long as it's not done for fraudulent reasons.
- msla 9y agoJust so people understand: > Holders of credit cards issued in the United States are afforded reversal rights by Regulation Z of the Truth in Lending Act. United States debit card holders are guaranteed reversal rights by Regulation E of the Electronic Fund Transfer Act. Similar rights extend globally, pursuant to the rules established by the corresponding card association or bank network. https://en.wikipedia.org/wiki/Chargeback https://en.wikipedia.org/wiki/Chargeback Point being, chargeback isn't a service banks can stop providing if people start using it. It's written into the laws.
- lotsofpulp 9y agoI assume if you start abusing it (trying to get things for free) then your bank will drop you as a cardholder.
- joering2 9y agoNo only that. I had what i thought legitimate card fraud but the problem was my card wasnt stolen and even worse - the chip was used and transaction was on the card. Eventually they got my money back via chargeback process but i found out later it was family-related fraud. Point being for 90 days my score went 10 ponts down and the credit card record was annotaded with message about this questionable chargeback. they could not believe it was true fraud.
- lotsofpulp 9y agoThat's unfortunate, and why we should have chip + PIN, not just chip.
- swiley 9y agoI would be concerned about it hurting your credit score.
- deleted 9y ago[deleted]