6 ms·

"because it'll be easier to just spend half an hour doing this instead of spending hours upon hours disputing specific transactions." I live on the internet. P

"because it'll be easier to just spend half an hour doing this instead of spending hours upon hours disputing specific transactions." I live on the internet. Put my credit card out on many services. Over the last 5 to 8 years I've had my credit card numbers taken I believe 4 times. Never had to dispute it once. These Credit Card companies and Banks have a stake in not allowing your account to be drained. I think it would be a waste of time to go out and cancel our CC until hearing from Linode that yes, CC information was taken.

oinksoft 14y ago
I did it, not worth the worrying. But then again I only bill two things to this CC, one of which is annual.
NewAccnt 14y ago
Wow, four times? You should probably be more careful about who you give your number to. Personally, I usually get a new card every 3-5 months. If someone ever sat on my card number, it's useless to them now. Never had any issues either.
- danneu 14y ago
  I also do that, but it's because I'm scared of recurring subscriptions that I've forgotten about, especially those that decide to sneak into my pocket after I've deliberately canceled them.
- kansface 14y ago
  This is bad for your credit report I believe.
  - JshWright 14y ago
    He's not tearing down and setting back up the entire credit line, just the card number associated with it. It won't be reflected on any credit reports.
- zallen 14y ago
  @kansface It's not bad for your credit rating. A number is simply a representation of the account. The account doesn't change. It's not like getting a whole new item of credit issued. Just the means to access it. Also, great idea. But a pain, because most of my bills - cell, internet, insurance(s), etc all go through my credit cards. Is a gigantic pain to change the numbers.
- joewee 14y ago
  Even old card numbers can be used for transactions in some cases.
  - Evbn 14y ago
    Sure, but that isn't the former owners problem. Are you thinking of expired cards? That is different.
    - runeb 14y ago
      I can be in some cases. I got mugged and my card was used to pay for parking garages for 1.5 years until it expired even though it was canceled and blocked by the issuing bank. They said that for some transactions, the blocking mechanisms are so expensive its more economically sane to them to refund whatever was drawn.
      - Evbn 14y ago
        Ugh. Did that require you to protest each charge? Or did you get a charge and credit on every bill?
saraid216 14y ago
I've had roughly the same experience: in the last 8 years, I've had suspicious activity on my CC about 5 times. Each time, the bank caught and trapped it before I noticed and issued me a new card quickly. I've only had to fill out paperwork for a disputed charge once, and it was a 2-page, 2 question, sign-and-mail-it-in deal. My advice is different, though. I notice that I tend to get lucky in places where people can have very aggravating experiences. I'd say that if you've had problems before, then anticipate problems this time around too. If you haven't, then don't bother.
- rbf 14y ago
  Or most people are lucky, and you hear about those who have aggravating experiences.
ghshephard 14y ago
It depends on how sophisticated the identify theft is. I had a good friend who was taken for about $9000 in credit card fraud in 1998/1999, with Well Fargo. It took him the better part of six months, and endless correspondence with WF to prove all of the purchases were not his. There are lots of stories of people who were financially wiped out, to the point of bankruptcy, because of Credit Card/Identify fraud. With that said - almost everyone seems to feel comfortable handing out their credit card to random taxi drivers, waiters, sales staff - with no idea whether a copy of their information is being taken down. Heck - if you give them the Credit Card, they even get your CCV as well.
- FooBarWidget 14y ago
  That makes me wonder why the credit card system is so insecure in the first place. Why are credit card systems not secured with a password that the merchant never gets to see? Yet at the same time credit card suppliers keep bragging about how "secure" their cards are.
  - kalleboo 14y ago
    > Why are credit card systems not secured with a password that the merchant never gets to see? My bank in Sweden requires MasterCard SecureCode for all online transactions on their debit cards. Stores that don't support it simply won't work with the card. So, it's up to the bank how secure they want it to be. The technology is there.
    - lmm 14y ago
      Of course, the main difference being signed up with such a bank makes is it's now harder to legally dispute fraudulent transactions on your card.
      - kalleboo 14y ago
        Yep. I believe that's also true of Chip-and-PIN transactions. The liability is shifted onto the consumer to keep their PIN secret.

oinksoft 14y ago

I did it, not worth the worrying. But then again I only bill two things to this CC, one of which is annual.

NewAccnt 14y ago

Wow, four times? You should probably be more careful about who you give your number to. Personally, I usually get a new card every 3-5 months. If someone ever sat on my card number, it's useless to them now. Never had any issues either.

danneu 14y ago
I also do that, but it's because I'm scared of recurring subscriptions that I've forgotten about, especially those that decide to sneak into my pocket after I've deliberately canceled them.
kansface 14y ago
This is bad for your credit report I believe.
- JshWright 14y ago
  He's not tearing down and setting back up the entire credit line, just the card number associated with it. It won't be reflected on any credit reports.
zallen 14y ago
@kansface It's not bad for your credit rating. A number is simply a representation of the account. The account doesn't change. It's not like getting a whole new item of credit issued. Just the means to access it. Also, great idea. But a pain, because most of my bills - cell, internet, insurance(s), etc all go through my credit cards. Is a gigantic pain to change the numbers.
joewee 14y ago
Even old card numbers can be used for transactions in some cases.
- Evbn 14y ago
  Sure, but that isn't the former owners problem. Are you thinking of expired cards? That is different.
  - runeb 14y ago
    I can be in some cases. I got mugged and my card was used to pay for parking garages for 1.5 years until it expired even though it was canceled and blocked by the issuing bank. They said that for some transactions, the blocking mechanisms are so expensive its more economically sane to them to refund whatever was drawn.
    - Evbn 14y ago
      Ugh. Did that require you to protest each charge? Or did you get a charge and credit on every bill?

saraid216 14y ago

I've had roughly the same experience: in the last 8 years, I've had suspicious activity on my CC about 5 times. Each time, the bank caught and trapped it before I noticed and issued me a new card quickly. I've only had to fill out paperwork for a disputed charge once, and it was a 2-page, 2 question, sign-and-mail-it-in deal. My advice is different, though. I notice that I tend to get lucky in places where people can have very aggravating experiences. I'd say that if you've had problems before, then anticipate problems this time around too. If you haven't, then don't bother.

rbf 14y ago
Or most people are lucky, and you hear about those who have aggravating experiences.

ghshephard 14y ago

It depends on how sophisticated the identify theft is. I had a good friend who was taken for about $9000 in credit card fraud in 1998/1999, with Well Fargo. It took him the better part of six months, and endless correspondence with WF to prove all of the purchases were not his. There are lots of stories of people who were financially wiped out, to the point of bankruptcy, because of Credit Card/Identify fraud. With that said - almost everyone seems to feel comfortable handing out their credit card to random taxi drivers, waiters, sales staff - with no idea whether a copy of their information is being taken down. Heck - if you give them the Credit Card, they even get your CCV as well.

FooBarWidget 14y ago
That makes me wonder why the credit card system is so insecure in the first place. Why are credit card systems not secured with a password that the merchant never gets to see? Yet at the same time credit card suppliers keep bragging about how "secure" their cards are.
- kalleboo 14y ago
  > Why are credit card systems not secured with a password that the merchant never gets to see? My bank in Sweden requires MasterCard SecureCode for all online transactions on their debit cards. Stores that don't support it simply won't work with the card. So, it's up to the bank how secure they want it to be. The technology is there.
  - lmm 14y ago
    Of course, the main difference being signed up with such a bank makes is it's now harder to legally dispute fraudulent transactions on your card.
    - kalleboo 14y ago
      Yep. I believe that's also true of Chip-and-PIN transactions. The liability is shifted onto the consumer to keep their PIN secret.