Credit Cards

And when we think we are not paranoid enough........

Scene 1

What somebody would do with expired credit cards.

Friend goes to the local gym and places his belongings in the locker. After the workout and a shower, comes out, sees the locker open and thinks to himself, "Funny, I thought I locked the locker ... hmmm," dresses and just flips the wallet to make sure all is in order. Everything looks okay, all cards in place.

A few weeks later his credit card bill comes! A whooping bill of $14k! Calls up the credit card company and starts yelling at them saying that he did Not make the transactions. Customer care personnel verified that there is no mistake in the system and Asks if his card had been stolen.

"No" he says -- takes out wallet and pulls out card -- And -- yup! You guessed it -- a switch had been made! Another similar (same type Master/Visa from the same bank) expired card was placed in the wallet. The thief broke into his locker at the gym and Switched cards.

Verdict? Credit card issuer says since he did not report the card missing earlier, he would have to Still pay the amount owed to them. How much does he Have to pay for items he did not buy? $9k !!!!!

Why were there no calls to verify the amount swiped? Small amounts rarely trigger a 'warning bell' in some Credit card companies. It just so happens that the Small amounts amounted to big ones!


Scene 2

A dad at a local restaurant paid for his meal with his Credit card. The bill came, he signed it and the waitress folds the receipt and passes the credit card Along.

Usually, he would just take it and place it in his Wallet or pocket. Funny enough, he actually just took a look at the card and lo and behold -- expired card Of another person. He called the waitress and She looked perplexed. She took it back, apologized and hurried back to the counter under the watchful eye of The dad.

All the waitress did whilst walking to the counter was wave the wrong expired card to the counter cashier and the counter cashier immediately looked down and took Out the real card. No exchange of words --nothing -- she took it and came back to the Dad with apologies.

Verdict: make sure the credit cards in your wallet are Yours! Check the name on the card every time you sign for something and the card is taken away for even a Short period of time.

Many people just take back their credit card without even looking at it, thinking that it has to be theirs.

For your own sake, DEVELOP THE HABIT OF CHECKING YOUR CREDIT CARD EACH TIME IT IS RETURNED TO YOU AFTER A TRANSACTION!