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Credit Card Numbers VS Wallets

Last post 04-27-2007, 3:25 AM by willie c wuddle. 11 replies.
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  •  04-23-2007, 8:10 AM

    Credit Card Numbers VS Wallets

    Credit Card Numbers VS Wallets:
    I remember the good old days when people carried wallets with ID and cash in then. If they were asked to show ID they'd simply pull some out and show the person. I remember seeing people pull out money when they bought stuff. Their wallets were their personal property. Now a lot of people use the internet for shopping. They have to have a credit card to buy things, get "free" things, or show for ID perposes. Once you give out your credit card number, unlike spending money from your wallet, you've set your complete line of credit in the other person's hands. Just think of it....Would you hand over your wallet and let the person behind the counter just help himself when you buy a buy a pack of gum or a pop? Once the other person has your number he can fine print you to death and just help himself to it as he feals fit. People are getting ripped off everyday being offered seemingly good deals and "free" stuff then they give out their credit card numbers without even reading the fine print. If you're the type of person who likes to keep your personal stuff in your wallet you should try to keep your credit card numbers off the internet. This is just the way I see it. Any comments and rebuttles most welcome.

    PS......Read the fine print. Some companies will wait a couple of months before helping themselves. A lot of consumers have their guard down at this point.


    Remember yesterday, respect tomorrow, live for today.

    It is far more impressive when others discover your good qualities without your help.
  •  04-24-2007, 11:52 AM

    Re: Credit Card Numbers VS Wallets

    Yes, there are some disadvantages. But many are the conveniences and advantages. Mainly not having to carry huge amounts of dosh around, running the risk of losing it.
  •  04-24-2007, 11:55 AM

    Re: Credit Card Numbers VS Wallets

    I noticed a lot of shifty deals going on lately with credit card numbers and fine print so my guard is up and I'm on the warpath.Big Smile [:D]
    Remember yesterday, respect tomorrow, live for today.

    It is far more impressive when others discover your good qualities without your help.
  •  04-24-2007, 11:56 AM

    Re: Credit Card Numbers VS Wallets

    BristolUK wrote:
    Yes, there are some disadvantages. But many are the conveniences and advantages. Mainly not having to carry huge amounts of dosh around, running the risk of losing it.

    If a person wrote a cheque he wouldn't have to carry lots of money or give out a credit card number.


    Remember yesterday, respect tomorrow, live for today.

    It is far more impressive when others discover your good qualities without your help.
  •  04-25-2007, 6:39 PM

    Re: Credit Card Numbers VS Wallets

    willie c wuddle wrote:

    If a person wrote a cheque he wouldn't have to carry lots of money or give out a credit card number.

    Doesn't a cheque give away as much of your bank details, if not more, than a credit card does though? Serious question - I'm not yet allowed a bank account in Canada so I've not seen how they compare to England. I know there are some major differences in Banking practices between the two countries. Also, how useful is a cheque? Is it widely accepted? And practical if making several purchases?

     

  •  04-25-2007, 6:55 PM

    Re: Credit Card Numbers VS Wallets

    I usually pay with cash but I write a couple of cheques a year. If I buy something from you the cheque only gets used once unless you counterfiet more of them. If I give you my credit card number you can basicly help yourself by charging recurring charges or charges I may have overlooked at the time of purchase.
    Remember yesterday, respect tomorrow, live for today.

    It is far more impressive when others discover your good qualities without your help.
  •  04-26-2007, 2:51 PM

    Re: Credit Card Numbers VS Wallets

    Willie, please allow for the fact I'm more used to English Banking than that over here...so if I'm wrong about anything perhaps you could let me know.

    I think, however, that maybe you're worrying about nothing. The biggest threat regarding my credit card is loss or having it duplicated by crooks who skim the card with those gadgets. If I'm careful, I won't lose it. If I do lose it or have it stolen, providing I report it promptly, I will have no liability for any expenditure unless the bank thinks I was at fault in some way. It's an English card and maybe an English bank looks more sympathetically on this. If I lose cash, it's gone.

    When using my card, providing it doesn't go out of my sight, it cannot be skimmed. Modern till receipts do not show the card number on either copy (store or customer copy - I double checked this earlier when using the card) so the number is not available to anyone. A crooked cashier, while handling my card, is unlikely to be able to remember a 16 digit number, an expiry date, my name and the security number on the back of the card. I doubt they could note those details without me noticing it.

    Nobody can do anything with just the number. A purchase in person requires the card itself. An online purchase needs the number, an expiry date and maybe the security number too. That's increasingly requested. Also, an address is needed which is supposed to match that held by the issuing bank. So it's very unlikely someone will have all that. An address is not given when using the card in person

    Of course, if I buy something to be delivered, then someone will know the address...but then with no card details on the till receipt, they still don't have enough to make illegal use of the information.

    But, yes, there is a minor risk.

    However, if you give someone a cheque - from those I have seen in Canada - you could be giving them your Bank name, Branch, Account number, your name, address and a sample of your signature. In the wrong hands, perhaps that's a big step towards possible theft of your identity. It's been shown the wrong hands can use this to make bigger problems.

  •  04-26-2007, 3:35 PM

    Re: Credit Card Numbers VS Wallets

    Willie I like this topic because it so true. Today your information is being sold on the black market to the highest bidder. Those unwanted call you get? That is what they are all about. not only is your bank selling your information the government is doing it too. What is next and how do you protect yourself? They (the same people) who sell your information will also sell you a workshop on how to protect you infromation. Its a cycle of abuse and it unfortunately will never stop.
    "I think we have done this before and we shall do it again. The players may be different but the rules of game remains the same".
  •  04-26-2007, 3:46 PM

    Re: Credit Card Numbers VS Wallets

    Here's why I don't like giving credit card numbers on the internet:

    http://www.moncton.net/forum/thread/81812.aspx

    I'm sure glad that is a free offer otherwise it might cost somebody a lot of money. They don't show you that fine print or the price until after you fill out that personal information form.


    Remember yesterday, respect tomorrow, live for today.

    It is far more impressive when others discover your good qualities without your help.
  •  04-26-2007, 3:51 PM

    Re: Credit Card Numbers VS Wallets

    i wish there was a way to get some generic credit card number, so when a 1-900 people ask for a CC, I can just give them a generic number
    "Every dog is a lion at home" - Italian proverb
    ---



    50 Years of Space Age
  •  04-26-2007, 8:51 PM

    Re: Credit Card Numbers VS Wallets

    Aren't suppose to be a cashless society anyway. Thats why all the creditcards. When are the implants coming? that should be great fun.
    Never underestimate the power of stupid people in large groups.
  •  04-27-2007, 3:25 AM

    Re: Credit Card Numbers VS Wallets

    Student wrote:
    i wish there was a way to get some generic credit card number, so when a 1-900 people ask for a CC, I can just give them a generic number

    When the 1-900 people start calling collect and asking for credit card numbers some poop will really hit the fan.


    Remember yesterday, respect tomorrow, live for today.

    It is far more impressive when others discover your good qualities without your help.

 

 

 

 

 

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