Credit cards good/bad

QuickSilver said:
I have heard of the Chip.. and a few of my cards have it.. However, people here are very Leary of it as we have concerns that it will make it very easy for high tech thieves to use a pocket scanner to lift your credit card information right through your purse or wallet. Many have started carrying their cards in a lead lined case to prevent this. Has that been a problem in Europe?
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I haven't heard of it being a problem in Europe and I've never heard anyone complain about chip and pin instead of signatures. I know it is possible for the card to be scanned by thieves but don't know how that works. We got chip and pin in 2004(?).
http://news.bbc.co.uk/1/hi/business/4779314.stm

This article asks why the US is a decade behind Europe in chip and pin cards.
http://www.theguardian.com/commenti...credit-card-breach-chip-pin-technology-europe
 

Dame Warrigal said:
Chip and pin here, although I expect my next new card will also be tap and go.
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We have two cards we can tap now and it looks like as they replace cards they are also tap. What is your limit with a tap? Ours is £20.
 

I no longer use credit cards, my debit card affords me many of the same benefits except the interest of credit cards, I earn reward points from airlines, and many other such places, not problems with renting cars, hotels and anything else as long as I have the funds in the bank to back my purchases and if I go over I can buy into a program with my bank to cover that. I've not had any issues. If ever I feel the need to make a huge purchase I can't afford out of pocket on the spot, I may consider a small loan or credit, thus far, I don't feel the need. I like the convenience of my debit card, I also have the option of not using a pin, I can just hit credit instead of debit on the check out pad and sign for the purchase, sometimes the clerk will ask credit or debit, I'm allowed to use my card that way at checkout, the funds will just be a few days delayed from coming out of my account. But over all, I prefer carrying the debit card to cash. I am also covered for fraud and other issues, at least with my bank. Another thing, my picture is on my card of which I need to get updated as the picture is now some 9+ years old, boy have I aged. :(
 
With all the problems lately with debit/credit cards by hackers, my card numbers are changed every 3-6 months at my request by the bank.I NEVER give out my card numbers on the internet.
 
Ameriscot said:
I order online all the time. No problem.
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I order too but do NOT give out my FULL credit card numbers, talk to your bank official how to do this.
Once you order on line just about anybody can find out all about you and where you live. Hackers do it all the time and sell this information for the right bucks. If you shopped at Target and use that card they know all about you from last November.
 
Davey Jones said:
I order too but do NOT give out my FULL credit card numbers, talk to your bank official how to do this.
Once you order on line just about anybody can find out all about you and where you live. Hackers do it all the time and sell this information for the right bucks. If you shopped at Target and use that card they know all about you from last November.
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Good hackers can find out anything. Hasn't happened to me. I don't shop at Target.
 
QuickSilver said:
Never have, and never will use a debit card... Ithink it would be too easy to screw up.. I prefer using my credit card and paying the balance in full each month. I don't want anyone or anything dipping into my checking account but me..
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I am the same. I pay up each month, no fee.
 
There are usually hidden fees with credit cards unless stated otherwise, such as cash withdrawal fees whether you pay it off in full or not, yearly usage fees and the like. Credit cards have risk just as debit cards do, In the 20+ years of having my debit card, I've had less issues than I ever had with my past usage of credit cards. There will always be risk regardless of which you use, hackers want you, they'll find a way. People just have to stay diligent and look over their statements and accounts on a regular basis, keep track of where their money goes. If I see even the smallest dime going out that I don't recognize I call for clarification.
 
When we stay in Thailand we have no choice but to use cash so that means debit cards at ATM's. Most places don't take credit cards and I wouldn't trust the security anyway. We are picky about what ATM we use as well and normally go to one inside a bank. We do bring some cash with us when we go but not enough to live on for months. We even pay our housing and car rental in cash.
 
AprilT said:
There are usually hidden fees with credit cards unless stated otherwise, such as cash withdrawal fees whether you pay it off in full or not, yearly usage fees and the like. Credit cards have risk just as debit cards do, In the 20+ years of having my debit card, I've had less issues than I ever had with my past usage of credit cards. There will always be risk regardless of which you use, hackers want you, they'll find a way. People just have to stay diligent and look over their statements and accounts on a regular basis, keep track of where their money goes. If I see even the smallest dime going out that I don't recognize I call for clarification.
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We look over our statements online frequently. We don't pay any fees on our cards and would never ever do a cash advance on a credit card - they charge outrageous fees! We always pay off the balances each month.
 
AZ Jim said:
I spend lot's on the net too Annie, when possible I use my PayPal account then I don't have to give the vendor my card info.
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I only use vendors I feel I can trust that have a secure site. Emirates, Amazon, where I bought my bicycle, appliance shops. I use Paypal for donations for charities, etc.
 
Hello Linuxfan,
It's the first time ive spoken to you One to one,
What i wanted to say is i didnt put this thread up to make anyone feel that anyone on here (the retired or better known as the old farts) is trying to rub anyones face in the fact that most have no debts and a good everyday living,

If you think about it 'we all have less time in front of us than we've already had and in the 1960's etc wages in the uk were crap to what people get today right from the school lever to the lower paid wages,

The problems are that everyone wanted higher wages and this results in higher tax paid on wages and on what you buy and so the wheel keeps turning,
But the people such as a lot on this forum who have retired and bought their own homes bought them at a lot lower price than people are paying today and these people buying today will proberly never see the deeds to their property as they'll never have them fully paid "not as long as interest creapes up year after year,

So what im saying is I for one bought our first home and spent years doing it up "but when i sold it" after living in it for 27yrs we got a hell of a lot more than we ever thought we'd get,

Now as far as greedy banks etc are concerned,
Its like following sheep, if you use them you pay the interest, If you find a way of earning your own interest then you'll be better off and saving at the same time,

I worked for three blue chip companies and felt i was worth more but it did mean working long hours and taking the chances anyone self employed takes,

It gave me a really good look into what business is all about and if i was to return to work i would only work for myself because i dont just want a wage i also want the profit,
So when the retired have managed to own their own homes etc and have good pensions "It's because they bought the property over years and they worked for years to get the pensions
And not everyone had a nice work place to spend those years in earning the pension after they'd ended their working life.

So good luck to these sorts of people who are now feeling warmth inside because of the past efforts and the rewards those efforts have given them.:rolleyes:
 
AZ Jim said:
I spend lot's on the net too Annie, when possible I use my PayPal account then I don't have to give the vendor my card info.
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Same here. I feel as though its an extra layer of protection, but I have read of hacked Paypal accts. So hard to have 100% security. I try to be careful as most when buying online and hope for the best.
 
QuickSilver said:
Never have, and never will use a debit card... Ithink it would be too easy to screw up.. I prefer using my credit card and paying the balance in full each month. I don't want anyone or anything dipping into my checking account but me..
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Same here QS, if I can't afford to pay my credit card balance in full, then I can't afford to make the purchase. I still use checks, but will avoid ever using a debit card.
 
I think a major credit card is a good necessity. As mentioned for traveling, renting a car. Some shopping on the internet (I prefer to use Paypal) I have two major credit cards. One I've had about 20 years. I got a second one when I got a notice from my credit card company that they were cancelling my credit card and issuing me a new one due to some kind of breach. Not sure what it was but they seemed to be right on it. I got the second one after that because I thought 'what if I were planning to leave on a trip and that happened. I'd be without a card.' So I got a second one through my bank which I think I have used once. Both cards have zero balance right now.

My mother was European and didn't believe in buying on credit. I agree with that.
 

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