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March 03 2016 @ 10:45 am
Why I Don't Use My ATM card...  

This is outstangingly scary and the worst part is that your bank account can be drained. My cousin has actually had problems with fraud on her bank account and with our wonderful bank it took her a long time to get everything resolved. I don't use my ATM card unless I need to get money out of the bank ATM or need quick cash, and now I will lay my fingers over the numbers for a while.

I use my credit card for two reasons.

First, I earn money on all my bills and necessaries. Last year I earned A LOT. But then I literally put everything on the card and put large chucks of money every check. This has kept me from paying interest on surprise bills too because of the turn over. You payment pays off the oldest stuff and if the new charges are in the last month they have no interest.... at least that is my card.

Second and most importantly, the credit card companies don't care about fraud anymore. They will reverse the charge immediately in 99.9% of cases and send you a new card. No hassle.

My cousin had the fraud on her card after going to a gas station. That is one place I will always use a credit card. They keep telling us there is something to ensure it hasn't been tampered with but I either never see this whatever it is or it is something that looks like it can be removed and replaced.

Granted with a credit card you need to be careful. You can't just spend but once you learn to control it... it is amazing. And your credit score sky rockets.

Okay so I'm passionate about it. Just had to say what I think.

Recent Posts from This Journal

Kaylee Winchesterroguem on March 4th, 2016 01:17 pm (UTC)
Thanks for sharing. That's rather scary.
Jill aka Josireesanwar on March 22nd, 2016 04:52 am (UTC)
Right. Freaks me out.
tracyj23tracyj23 on March 4th, 2016 05:29 pm (UTC)
I'm not surprised at all. There are numerous ways to defraud people - there are scanners that people can carry in their purse that can read your credit card and bank card while it's still in your purse or wallet and get all the information, just as you walk past people. You don't even know it's happening and can't prevent it unless you use specific metal cases (which I have seen). People will always find a way to steal from others if they can. It's sad.

Interesting the interest stuff on your card. We don't ever have a balance on either card so I don't know whether ours does the same thing or not.
Jill aka Josireesanwar on March 22nd, 2016 04:54 am (UTC)
See but not having a balance does that too. I'm working towards that and getting closer every pay day. Of course, now I think I have to get my car fixed. Sarcastic yippee. *sigh*
KSena: Mötley Crüe 1kseenaa on March 7th, 2016 12:01 am (UTC)
Scary story. :-/ UGH. Note to self, keep all hands on the dam thing when you punch your numbers. So easy, really. And means a lot for protection.
Jill aka Josireesanwar on March 22nd, 2016 04:54 am (UTC)
True. I mean so simple and yet it saves you so much trouble.
Phoenixburned_phoenix on March 9th, 2016 11:06 am (UTC)
wow, that is scary. :o at least the bank keypads we have are save. I guess there will be more touching of stuff (yuck) involved in card transactions from now on...
Jill aka Josireesanwar on March 10th, 2016 11:13 pm (UTC)
I use my credit card but I put my hand over the keys too.