The entire world has been talked into (or forced into) using plastic cards, such as debit and credit cards, for just about everything. Either a credit card or a debit card is needed for almost everything in life now. Is this a better idea than using cash or checks?
Using debit cards and credit cards can make some transactions seem easier:
However, the woes of using these accounts seem to be getting out of hand for some. Have you had some negative experiences with such accounts? The answer is probably yes.
Recently we learned that a service provider accidentally charged our credit card several times for a month’s service. This happens all of the time according to the credit card company we spoke with. Many are not aware of what is happening if they do not watch their accounts closely.
What you should do to help prevent issues with debit and credit cards:
- Keep all receipts and confirmation numbers for purchases and orders.
Contact your account service center as soon as something seems suspicious
Do not sign up for any automatic payments if you do not check your accounts!
Check your accounts on a regular basis if you do have automatic payments of any sort.
Do not use your debit or credit card for trial services or free offers no matter how good the deal seems.
Many people respond to offers that are supposed to be free if the shipping and handling is paid for with a card of any kind. However, once you give that information to someone over the phone, you have no idea who else will see your account details. Recently we helped someone get charges removed from her card after someone continued to send more products she did not agree to. A checking account can quickly be emptied by an unscrupulous business that continues to send merchandise you do not want.
Readers might be surprised to learn what else can and does happen:
Once the person we assisted seemed to clear things up with our help and the help of her bank, she learned another company had been given her information. According to her bank, this often happens. Now the bank is changing her account number and issuing a new card so the companies using her information will be hitting a dead account.
Some may recall we were told things would be so much better once computers were used for everything and cards were used to help us keep track of our money. Now many of us have learned this is not always the case. We have spent many hours each week on the phone with various ones because something is not right with one account or another. Many others have shared with us that they have had issues with their debit and credit cards as well.
Some places will not take cash:
As cash can no longer be used every place you frequent, not having a debit or credit card is impossible these days. Several years ago while renting a car we were surprised to hear no cash was taken at the location we used. It was explained that this was for safety reasons. However, our insurance agent claimed this is because having your credit card on file will allow them to charge for any suspected or actual damages that could occur.