Wow! We only pay $6.00 per school year for our parking permits. NY finally isn't the most expensive.
How have you been scammed?
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Wow! We only pay $6.00 per school year for our parking permits. NY finally isn't the most expensive.
Ler, Bogy and others who believe that debit cards are safe as CC.
VISA Check or Debit cards may only have additional protection or similar protection to CC as defined by the issuing bank. Again, the devil is in the details. Additionally, there is much confusion about the law regarding protection of ATM, VISA Check(debit) and CC. They are three separate levels of protection. In the merchant member news letter regarding these three the best example given is with debit card's 48 hour rule- How much can a crook run up in 48 hours?
Bogy- while selling a protection plan that mirrors the federal law for debit protection is indeed a scam. not all are like this. The most common one, not a scam, is the one that guarantees all your cards, atm, debit, and CC equal protection with a $50 deductible. What often happens also is the consumer may purchase several plans which is like buying two car insurance policies. Except for life insurance, loss will only be paid once.
Anyway- You believe what you want. Just don't get caught having to fight your bank if they don't have the policy you think they have or that your interpretation of the Federal law is incorrect.
Another thing to consider is the risk / benefit of these three cards.
In a practical use, the ATM has far less risk than a debit card because all transactions are protected by a pin that is private in the sense you are using the pin at an ATM machine that by its design, aids in the privacy of your PIN. A Debit card also has a PIN but not only the clerk can see you enter the PIN but anyone standing in the checkout line may too. I often am amazed at how I can see the PIN of these debit card holders when at the checkout counter. YMMV.
I agree with anyone who feels they can manage their credit and actually do and don't have a debit card. It's not hard for me. YMMV I have an ATM and several credit cards. I feel debit cards are for people who can't properly manage their lines of credit. This does not mean that if you carry a balance on your credit card you are in that category. I often see posts here that defend CC by saying I never incur a finance charge. OK, that is a noble position but may not always be the best position for one who can manage their credit. Consider this- If you could borrow money at NO FINANCE charge for 6 months, and had the ability to pay it back before that line of credit jumped to 18% in the seventh month, would you do it? I would, and do. If you have a plan that is earning 12% on your money deposited, you might even use a CC to obtain that money if the card charges you 6%. This is not high finance. Its just common sense and ability to manage it. The trick here is paying on time and maintaining the rate, plus always being in a position to pay it all off when needed.
VISA Check or Debit cards may only have additional protection or similar protection to CC as defined by the issuing bank. Again, the devil is in the details. Additionally, there is much confusion about the law regarding protection of ATM, VISA Check(debit) and CC. They are three separate levels of protection. In the merchant member news letter regarding these three the best example given is with debit card's 48 hour rule- How much can a crook run up in 48 hours?
Bogy- while selling a protection plan that mirrors the federal law for debit protection is indeed a scam. not all are like this. The most common one, not a scam, is the one that guarantees all your cards, atm, debit, and CC equal protection with a $50 deductible. What often happens also is the consumer may purchase several plans which is like buying two car insurance policies. Except for life insurance, loss will only be paid once.
Anyway- You believe what you want. Just don't get caught having to fight your bank if they don't have the policy you think they have or that your interpretation of the Federal law is incorrect.
Another thing to consider is the risk / benefit of these three cards.
In a practical use, the ATM has far less risk than a debit card because all transactions are protected by a pin that is private in the sense you are using the pin at an ATM machine that by its design, aids in the privacy of your PIN. A Debit card also has a PIN but not only the clerk can see you enter the PIN but anyone standing in the checkout line may too. I often am amazed at how I can see the PIN of these debit card holders when at the checkout counter. YMMV.
I agree with anyone who feels they can manage their credit and actually do and don't have a debit card. It's not hard for me. YMMV I have an ATM and several credit cards. I feel debit cards are for people who can't properly manage their lines of credit. This does not mean that if you carry a balance on your credit card you are in that category. I often see posts here that defend CC by saying I never incur a finance charge. OK, that is a noble position but may not always be the best position for one who can manage their credit. Consider this- If you could borrow money at NO FINANCE charge for 6 months, and had the ability to pay it back before that line of credit jumped to 18% in the seventh month, would you do it? I would, and do. If you have a plan that is earning 12% on your money deposited, you might even use a CC to obtain that money if the card charges you 6%. This is not high finance. Its just common sense and ability to manage it. The trick here is paying on time and maintaining the rate, plus always being in a position to pay it all off when needed.
Don, I am not going to argue this with you. You made a statement that debit cards have no federal protection, such as credit cards do. I posted the federal law that covers debit cards. They are covered, with not an identical, but a very similar, law. I stand by my post.
OK, Bogy, you win. Debit: Protection for the banks, little for the consumer. CC Protection for the consumer, little for the banks. There is a reason the two had different laws. That must be it. I go by what the merchant news letter advises which is the same as other people who are capable of managing credit. The risk is quite different. The Federal Debit card protection is about as good as the Do not call list for nuisance callers.
Try this, write SEE ID on the back of your CC or debit cards on the sig strip, I do this and do you know that I get asked to see my ID once in six months? Im seriously thinking of either going back to cash payments or getting a rechargeable visa card to better prorect our assets.
The permit to park at the state university I work at is $72 a year. It is the "mid level" permit. You can go as high as $400 a year!
I'm not sure what the "mid level" permit means. My $6 permit allows me to park in a lot a short distance from the door I have to go into. No students are allowed in the lot I park in.
We have (from expensive to cheap) G, A, B, C, CP, R, M, MC and each lot has different designations. G's are $400 and you have to be in a lottery to buy those - faculty only. A and B are Faculty only too. the rest are student, etc. the A and B's are usually the better spots, and A's and B's can park in any lot. Sorry - too much info 
Not too much info. It makes me feel better knowing I am not paying one of the highest for a change.
I can park in any lot on either UB campus..... as long as I can find a spot that is. When I go to work I usually beat most people so I get a good spot in my lot.
I can park in any lot on either UB campus..... as long as I can find a spot that is. When I go to work I usually beat most people so I get a good spot in my lot.
Van- This was a suggestion from AMEX several years ago. Contrary to your experience, I get asked about 95% of the time. BUT, I do have trouble with the Post Office. I even have my signature on the card as well but since I added "See Picture ID" the postal clerks refuse to accept my AMEX card. Once I tried to explain it to the clerk and that went nowhere. I had to file an official complaint with documentation from AMEX. Now they don't refuse and just ask for PIC ID.
And you go right ahead and believe that if your credit card is stolen and used by someone else there is absolutely no way you will have any hassle with proving you were not the one who made the charges and your credit record will be clean as a whistle.
I do speak from experience- Several years ago, my AMEX card numbers were stolen by a desk clerk at a hotel in Washington DC. When I got my statement a few weeks later, I had no problem reviewing the disputed charges on the card with AMEX. They were removed and no $50 deductible either. They told me the $50 is always optional and would not be applied in this case. I never asked why. The disputed charges amounted to nearly $8000. Yes, they arrested crook and I was not the only victim! Do you need more specifics on this?
But I'm sure it does depend on the circumstances. If you bought a camera at a NYC store by mail order and they added a lens to the order and never shipped it but charged you for it the proof would be quite a bit tougher. My wife lost a VISA card some years ago, lots of charges were run up on it and we reported the card lost within 24 hours; never had an issue with it;' but had to pay that $50 deductible. FYI- the $50 deductible is an insurance deductible and your credit will not be tainted for having an insurance claim. I'm sure every case is evaluated on it's own facts.
One of the tips you may find to your advantage if you use CC and need to prove you are a victim is to use several cards and manage them in categories of purchase. eg- USE AMEX for travel relates purchases only, Use another VISA for internet purchases. In my structure, I have several cards that only get used for balance transfers and never for purchases. I only use gas co cards for gas purchases or car related repairs. Once you establish a pattern of use like this for your cards, proving a bunch of purchases for games and computers was not yours on a gas card will be easier. It's the old story of establishi9ng a preponderance of evidence in your favor. And never forget I have always said if you use CCs you should manage them. If you are not ready to take that responsibility, then pay cash!
Don, I've already responded more to this than I intended. You have your system, I use mine. For the most part, I do use cash, either the stuff the government provides, or by checks or a check card. I've heard horror stories of people who have had credit cards stolen and had to go through hell to get their credit record cleared up. You don't believe the law as written is enforced, and I am not going to change your mind.
Yes, and I do respect your choice, for whatever reason. But this thread is about scams, specifically how we have been scammed. The bottom line to this, about CC vs, debit cards is that CC offers better protection under the law. Plus better protection by the way they work.
IMO, the age old law for debit cards you exampled is inadequate and is the very reason why there is a bill in congress to correct that but has been held up due to lobby power of the banks.
But if I have to lose, let me lose on a balance sheet with a bank that issued a CC card. Let me keep the cash in my checking account at my own bank. Debit cards are only issued from a bank where you keep your cash. When the card gets used by you are someone else who stole it, you lose the cash immediately. When your CC gets stolen and used. Your cash remains in your account. You will never get that awful phone call from the bank that says you just wrote 25 overdraft checks and we pulled all your savings and CD's to cover it. You still owe us $6000. Come in immediately and pay it or we will have a warrant issued for your arrest. That is what happened to my neighbor. However, I'm sure with today's instant debit processing, he would not have had the $6000 problem, just the loss of all his deposited cash.
OH, one more tip to avoid any trouble- never use a CC from your own bank where your deposits are.
IMO, the age old law for debit cards you exampled is inadequate and is the very reason why there is a bill in congress to correct that but has been held up due to lobby power of the banks.
But if I have to lose, let me lose on a balance sheet with a bank that issued a CC card. Let me keep the cash in my checking account at my own bank. Debit cards are only issued from a bank where you keep your cash. When the card gets used by you are someone else who stole it, you lose the cash immediately. When your CC gets stolen and used. Your cash remains in your account. You will never get that awful phone call from the bank that says you just wrote 25 overdraft checks and we pulled all your savings and CD's to cover it. You still owe us $6000. Come in immediately and pay it or we will have a warrant issued for your arrest. That is what happened to my neighbor. However, I'm sure with today's instant debit processing, he would not have had the $6000 problem, just the loss of all his deposited cash.
OH, one more tip to avoid any trouble- never use a CC from your own bank where your deposits are.
The advantage I have, being a preacher and father of three kids either in or just out of college, is that I don't have savings and CD's, and not all that much cash in the bank. All my investments are tied up in debt.
Where I believe this all started was, as you say, scams, and if you google credit card fraud you will find a number of offers from companies who will "protect" your credit cards (and check cards) for as "little" as $9.95 a month.
All my investments are tied up in debt. Where I believe this all started was, as you say, scams, and if you google credit card fraud you will find a number of offers from companies who will "protect" your credit cards (and check cards) for as "little" as $9.95 a month.
Yeah, most of the offers I have seen came through one of my cards as a way for one sign up to protect all cards, including ATM and debit. While I never signed up for any of these insurance programs because I know that each of my cards comes with it's own protection as stated in the law. Therefore, the only real benefit for the insurance "scam" is to protect your debit and ATM card. The phrase that ALL CC and debit, and ATM is just an ad gimmick to make it sound as if they are selling you more for your money. When in reality, it is protection for a short time period for one card since you will have either ATM or DEBIT but generally not both on an account. Does this make it a scam? I suppose it does if you feel misleading advertising is a scam.
Bogy said-All my investments are tied up in debt. Hey nothing wrong with OPM. It's how I started my business and how I keep expanding it.
Bogy said-All my investments are tied up in debt. Hey nothing wrong with OPM. It's how I started my business and how I keep expanding it.
Most of my debt comes from my wife completing her Master's degree a few years ago. We locked in her student loans at a very low rate before interest rates increased, and since the only deductible interest these days is for a home or student loans, it doesn't make sense to pay them off any sooner than we have to. So, my investment was in her education, which is now paying off in increased cash flow.
Smart move! However, the ROI is a bit long for my tastes. Couple of years ago I looked into the PHD program at U of Phoenix. When I saw the cost and time, plus did a ROI, that ended that! I'm too old to recover that investment based on an increase of what I make today with present credentials. All my other education was completed when I was in my early 30's. I was lucky to have employers who footed the bill. One even gave me time off for classes. BTW- ever consider getting a THD for yourself? Would it pay off?
Just received notice I was scammed recently!
I got this in the mail today. It was a notice I didn't pay a toll at a bridge in south Florida.
We were taking an R&R long weekend in August. We drove to a bridge to get to Sanibel/ Captiva Island. You have to stop at the toll both since there is a gate that has to go up when you pay. They have a toll taker who collects your $6 before you can get through. My wife recalls getting the money out and then as we drove through she questioned why I didn't ask for a receipt. Normally I do when on business but since this didn't offer any tax benefit documentation, I just passed on the receipt. Now today I get this notice I owe the toll and gave me a way to pay it on their website with a charge card. They have a photo of my license plate as well. If I contest it they gave me procedures to request a date to appear in a local court to show a receipt ( which I don't have) There is no fine connected with this but if I don't pay the $6 they will issue a warrant for my arrest. There is no way I'm driving to Ft. Myers FL to appear in court, pay court costs of $100 just to be found guilty anyway since I don't have the receipt.
So what happened here? My wife suspects the toll taker pocketed the $6 and then triggered the photo as a skipper since I was not local, to match the gate lift counter.
First of all, I feel that if I asked for a receipt, they would not have attempted to pocket the money if that is what he did.
Point being with these photo captures and corrupted employees pocketing tolls, if that is the case, it is important to ask for a receipt The idea that you got one would lessen the chance you'd be in this situation.
Any thoughts?
I got this in the mail today. It was a notice I didn't pay a toll at a bridge in south Florida.
We were taking an R&R long weekend in August. We drove to a bridge to get to Sanibel/ Captiva Island. You have to stop at the toll both since there is a gate that has to go up when you pay. They have a toll taker who collects your $6 before you can get through. My wife recalls getting the money out and then as we drove through she questioned why I didn't ask for a receipt. Normally I do when on business but since this didn't offer any tax benefit documentation, I just passed on the receipt. Now today I get this notice I owe the toll and gave me a way to pay it on their website with a charge card. They have a photo of my license plate as well. If I contest it they gave me procedures to request a date to appear in a local court to show a receipt ( which I don't have) There is no fine connected with this but if I don't pay the $6 they will issue a warrant for my arrest. There is no way I'm driving to Ft. Myers FL to appear in court, pay court costs of $100 just to be found guilty anyway since I don't have the receipt.
So what happened here? My wife suspects the toll taker pocketed the $6 and then triggered the photo as a skipper since I was not local, to match the gate lift counter.
First of all, I feel that if I asked for a receipt, they would not have attempted to pocket the money if that is what he did.
Point being with these photo captures and corrupted employees pocketing tolls, if that is the case, it is important to ask for a receipt The idea that you got one would lessen the chance you'd be in this situation.
Any thoughts?
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