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| Re: MVM credit card difficulties (1393999) | |
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| (1394381) | |
Re: MVM credit card difficulties |
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Posted by Spider-Pig on Tue May 3 13:14:58 2016, in response to Re: MVM credit card difficulties, posted by TUNNELRAT on Tue May 3 13:09:13 2016. TRUTH |
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Posted by Fisk Ave Jim on Tue May 3 13:54:35 2016, in response to Re: MVM credit card difficulties, posted by TUNNELRAT on Tue May 3 13:09:13 2016. Yep. My local beer distributer has switched over to a chip read system. I'm tempted to tell the clerk to keep the beer on ice till the transactions done!:) |
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| (1394395) | |
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Posted by randyo on Tue May 3 16:14:03 2016, in response to Re: MVM credit card difficulties, posted by MorningsideHeightsM100 on Tue May 3 07:44:38 2016. The problem with closing accounts because of a takeover is that you never know if or when the bank you just transferred to will be taken over by the bank you just left. I had an account with the Metropolitan Savings Bank and left there when I moved. I subsequently opened up an account with Fulton savings bank and another joint with my mother at Greenwich Savings Bank. Eventually, both the Fulton and the Greenwich were taken over by Metropolitan and another bank I can’t recall now and became Crossland which was either taken over by or became HSBC. |
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| (1394409) | |
Re: MVM credit card difficulties |
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Posted by randyo on Tue May 3 17:12:36 2016, in response to Re: MVM credit card difficulties, posted by Michael549 on Tue May 3 11:54:55 2016. Your chase info is not quite accurate. Although I haven’t yet attempted to make a deposit at a Chase ATM, when I make withdrawals, the procedure is that after the request is made, the user must remove the card and then the money and the receipt are distributed. |
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| (1394415) | |
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Posted by Joe V on Tue May 3 18:01:08 2016, in response to Re: MVM credit card difficulties, posted by MorningsideHeightsM100 on Tue May 3 07:44:38 2016. I sat through the WaMu takeover, and Chase was fine.A year later, when they merged the IT systems, they did a perfect job of merging my WaMu profile with my Chase profile. When BoA took over MBNA around 2007, they could not do that. After hours on the phone with India, I got rid of all 3 credit cars from BoA and MBNA within 6 months. That is why I will have nothing to do with BoA, which was actually Carolina-based Nationsbank, who took over California-based Bank of America, and adopted their name. |
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| (1394416) | |
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Posted by Joe V on Tue May 3 18:02:07 2016, in response to Re: MVM credit card difficulties, posted by TerrApin Station on Mon May 2 23:53:07 2016. 20 cents short of the full balance due.The balance was something like $386.86 and I paid $386.66. |
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Posted by Joe V on Tue May 3 18:07:09 2016, in response to Re: MVM credit card difficulties, posted by Terrapin Station on Tue May 3 00:04:55 2016. It is not public transit's or the government's function or right to tell people how to run their personal finances. If they want to use Money Orders to pay their bills, that is their business. I have senior relatives who will never use an ATM.I am saying I will not use debit cards as such. I do not want my checking account exposed in public like that. For ATM's, I have a bank account with a low balance (like $1,500 - $2K) just for that. If they steal or rob me of that card, they can't get very far and it is totally isolated from all my other banking and money. |
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Posted by Joe V on Tue May 3 18:13:29 2016, in response to Re: MVM credit card difficulties, posted by AlM on Mon May 2 20:29:46 2016. Not a fun experience. If it happens more several times in a couple of years, it will affect your FICO score.While they are not big influences, a new card counts as applying for new credit, which will ding you about 4 points for about a year. Then again as your average age of your credit cards drops. FICO does not care if it was a new card replacing an old one. FICO works for the banks, not you. I am not looking for loans, or need an apartment, but FICO scores are looked at by your insurance companies and possibly potential employers. Again, I'd rather lose $5 on a new farecard to keep my banking and credit cards out of the picture. |
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| (1394426) | |
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Posted by Joe V on Tue May 3 18:15:35 2016, in response to Re: MVM credit card difficulties, posted by Terrapin Station on Tue May 3 01:12:23 2016. Cameras do not lull me into any sense of security. When touchless fare entry happens on NYCT, mark my words, lurkers will be there snatching as a hobby. |
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| (1394430) | |
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Posted by Spider-Pig on Tue May 3 18:51:04 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 18:07:09 2016. Good luck paying for a MetroCard with a money order. It's clear that public transit agencies are not obligated to accept whatever payment they don't want to accept.You have the choice to use a credit card, so you have access to the luxury of not exposing your checking account. |
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| (1394431) | |
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Posted by Spider-Pig on Tue May 3 18:52:24 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 18:13:29 2016. You would have to be really careless and/or stupid for it to happen more than several times in a couple of years. |
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| (1394432) | |
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Posted by Spider-Pig on Tue May 3 18:53:35 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 18:15:35 2016. People already take out their wallets to get their MetroCards. If you were right, then there would already be snatchers. |
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| (1394433) | |
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Posted by TransitChuckG on Tue May 3 18:55:38 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 18:51:04 2016. Exactly. |
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Posted by Joe V on Tue May 3 19:11:21 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 18:52:24 2016. I have had 2 credit card frauds in the last 17 years.Neither was preventable by me. |
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Posted by Joe V on Tue May 3 19:14:29 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 18:53:35 2016. I am sure it happens, but there are a hell of a lot more turnstile entrees than vending machine users at a given place and time. I think people are more on guard at a vending machine. |
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Posted by Joe V on Tue May 3 19:16:50 2016, in response to Re: MVM credit card difficulties, posted by Fisk Ave Jim on Tue May 3 13:54:35 2016. The merchants were really forced to go to chips. As of last Oct 1, if they refused, and the card they accepted was a chip card, if fraudulent, the merchant, not the bank, bares the liability for fraud. |
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Posted by TerrApin Station on Tue May 3 19:25:39 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 18:51:04 2016. Great post. |
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Posted by TerrApin Station on Tue May 3 19:28:47 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 18:07:09 2016. Just because some people do things on an illogical and convoluted way doesn't make it right.Use credit cards if you don't want your checking account "exposed". And if you don't have a credit card and you have to use your ATM card, then you probably don't have that much money in your checking account to lose. So there's no problem. |
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| (1394447) | |
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Posted by TerrApin Station on Tue May 3 19:30:27 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 19:11:21 2016. So? |
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Posted by TerrApin Station on Tue May 3 19:31:11 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 18:13:29 2016. Why would it happen more than several times in a couple of years?? |
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Posted by TerrApin Station on Tue May 3 19:32:43 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 18:15:35 2016. People already have their smartphones out on the subway. If you were correct, no one would be doing that as it would mean a guaranteed loss of phone. |
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| (1394450) | |
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Posted by Joe V on Tue May 3 19:33:50 2016, in response to Re: MVM credit card difficulties, posted by TerrApin Station on Tue May 3 19:31:11 2016. I don't know. I said the hypothetical IF it happened more often than several times.That fact is a friend had his Chase card account hacked 4 times in the last years, and it is a chip card. He is not a screwball. |
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| (1394451) | |
Re: MVM credit card difficulties |
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Posted by Joe V on Tue May 3 19:35:59 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 18:51:04 2016. They'll use cash.I never said they would a Money order at a clerk's booth. I was also responding to Brian's silliness that "why not use public transit to force them to get a bank account?" |
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Posted by Joe V on Tue May 3 19:36:53 2016, in response to Re: MVM credit card difficulties, posted by TerrApin Station on Tue May 3 19:32:43 2016. And they never get stolen do they ? |
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Posted by Joe V on Tue May 3 19:39:16 2016, in response to Re: MVM credit card difficulties, posted by TerrApin Station on Tue May 3 19:28:47 2016. If someone has no credit cards, and little in their checking account, they are pretty destitute. A $10 loss is a big deal. |
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Posted by Spider-Pig on Tue May 3 20:26:57 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 19:35:59 2016. That's not silly. They can "force" them to the extent that they can stop accepting cash.I doubt it though. |
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| (1394459) | |
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Posted by Spider-Pig on Tue May 3 20:27:25 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 19:11:21 2016. That's a lot less than several in the last couple of years. |
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| (1394460) | |
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Posted by Spider-Pig on Tue May 3 20:28:40 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 19:14:29 2016. I wasn't talking about vending machines. I was talking about taking out one's MetroCard at the turnstile. |
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| (1394461) | |
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Posted by Spider-Pig on Tue May 3 20:30:16 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 19:16:50 2016. You mean wasn't a chip card. |
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| (1394462) | |
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Posted by Spider-Pig on Tue May 3 20:31:14 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 19:39:16 2016. But they run the same risk if they lose their cash or other forms of money. |
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| (1394463) | |
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Posted by Spider-Pig on Tue May 3 20:31:58 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 19:36:53 2016. Sure they do. But not often enough that reasonable people are afraid to whip them out on the subway. |
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| (1394465) | |
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Posted by Terrapin station on Tue May 3 21:18:23 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 20:31:58 2016. Exactly. |
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Posted by Terrapin station on Tue May 3 21:19:21 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 20:31:14 2016. Exactly. Thank you. |
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| (1394467) | |
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Posted by Terrapin station on Tue May 3 21:22:23 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Tue May 3 19:14:29 2016. Btw, at Atms people have put their wallets full of credit cards and wads of cash and you don't see tons of people afraid to use ATMs. By your reasoning theft should be so rampant there that people would stop using them. |
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Posted by Henry R32 #3730 on Tue May 3 22:20:59 2016, in response to Re: MVM credit card difficulties, posted by Joe V on Mon May 2 17:55:20 2016. There were no US chip cards but Canada's had them for at least 5 years.I always shredded my (non-chip) credit card pin without ever looking at it; the interest rate is never worth it. |
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Posted by Fisk Ave Jim on Tue May 3 22:41:41 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 20:26:57 2016. "They can "force" them to the extent that they can stop accepting cash."Never happen. Cash is "legal tender for all debts public & private" Still says it on the bill. If someone refuses cash, a court fight might ensue & cash will win |
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| (1394475) | |
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Posted by Spider-Pig on Tue May 3 22:50:57 2016, in response to Re: MVM credit card difficulties, posted by Fisk Ave Jim on Tue May 3 22:41:41 2016. That is complete and utter bullshit. Where did you read this? The Onion? |
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Posted by Fisk Ave Jim on Tue May 3 22:53:00 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 22:50:57 2016. "That is complete and utter bullshit."How so?? |
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Posted by pragmatist on Tue May 3 22:55:49 2016, in response to Re: MVM credit card difficulties, posted by Fisk Ave Jim on Tue May 3 22:41:41 2016. Actually, that is a common misconception about what the term "legal tender" actually means. The US Treasury has a decent explanation on its website, it isn't really what most people think it is. You don't have to accept cash, or specific bills or coin. |
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Posted by Spider-Pig on Tue May 3 23:00:35 2016, in response to Re: MVM credit card difficulties, posted by Fisk Ave Jim on Tue May 3 22:53:00 2016. Merchants can refuse cash. |
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Posted by Fisk Ave Jim on Tue May 3 23:02:32 2016, in response to Re: MVM credit card difficulties, posted by pragmatist on Tue May 3 22:55:49 2016. What I dont get then is why don't they take that notation off the currency if it is not true ??They took "Will pay the bearer on demand" off decades ago when we went off the gold standard & currency was then backed by the faith of the federal gov't. |
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Posted by pragmatist on Tue May 3 23:05:14 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 23:00:35 2016. correct. also, the extremely common no bill larger than xxx, or since this is a transit forum, "exact change only" where most systems do not accept paper currency.This is from the FAQ section of the US Treasury Website: Legal Tender Status I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. Isn't this illegal? The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues." This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy. |
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Posted by Spider-Pig on Tue May 3 23:11:55 2016, in response to Re: MVM credit card difficulties, posted by Fisk Ave Jim on Tue May 3 23:02:32 2016. Because it is true, you just don't know what it means. |
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Posted by Fisk Ave Jim on Tue May 3 23:16:25 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 23:11:55 2016. Tell me...what does "this note is legal tender for all debts public & private" mean to you? |
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Posted by Terrapin Station on Wed May 4 00:09:05 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 22:50:57 2016. :) |
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Posted by Terrapin Station on Wed May 4 00:09:53 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 23:11:55 2016. :) |
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Posted by Terrapin Station on Wed May 4 00:11:36 2016, in response to Re: MVM credit card difficulties, posted by Fisk Ave Jim on Tue May 3 23:16:25 2016. Doesn't mean anything to me personally. But it means what it means by law. That's all that matters. And the Law FAQ was already posted before you made your post.Re: MVM credit card difficulties (1394480) |
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Posted by Joe V on Wed May 4 07:06:36 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 20:30:16 2016. No. I said if they did not have chip scanners, and were handed a chip card, which they have to swipe, they are liable as of Oct 1. |
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Posted by Joe V on Wed May 4 07:09:28 2016, in response to Re: MVM credit card difficulties, posted by Spider-Pig on Tue May 3 20:31:14 2016. If they lose cash, they lost that cash.If they lose their debit card, their entire checking balance is at risk, and can be flat broke until resolved. |
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Posted by Joe V on Wed May 4 07:14:24 2016, in response to Re: MVM credit card difficulties, posted by Terrapin station on Tue May 3 21:22:23 2016. I won't use a ATM out on the sidewalk. People do stupid things, like go out and use them at 3am, then get mugged. |
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