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Article #335

Re: Credit Cards vs. Debit Cards (Re: The HELL With IHOP!)

#335
From: Rainman-G
Date: Tue, 23 Nov 1999 00:00
44 lines
3055 bytes
BG wrote:
> 
> My bank (and many others) affords me the same protection for my debit card
> as they do for my credit cards.  Only available for first $50 if reported
> lost or stolen within 24hrs.
> 
> Mathew A. Hennessy <hennessy@cloud9.net> wrote in message
> news:s3bh9jm63ef62@corp.supernews.com...
> > BTW: is it still true that if you lose your debit card (or use it
> > to buy over the phone), and someone else uses it illegally, you have no
> > recourse on getting your $$$ back (whereas with a real credit card, you're
> > only liable for up to $50 of the fraudulent charge)?
> >
> > The legal limbo surrounding protections of debit cards has been
> > keeping me from getting one..
> >
> > --
> > If it sounds too good to be true, it's probably Linux.
> > "Fool! There is nothing Perl cannot do! NOTHING!" -Bastich
> > "You can never entirely stop being what you once were. That's why it's
> important
> > to be the right person today, and not put it off till tomorrow." - Larry
> Wall

Larry:

Right on $50 max via Bank of America....also...reading the fine print,
lets say the car rental places a hold of $500 on the card without your
knowledge....after the rental, call and check your balance. If the 
balance is way off due to the car rental company's hold, call BofA
within 2 days and report an unauthorized transaction has been made on
your account; you are now only stuck for the same $50 maximum.

There is always a way around things if one reads all the print.

Gordon




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From: Rainman-G <ranemanREMOVE@earthlink.net>
Subject: Re: Credit Cards vs. Debit Cards (Re: The HELL With IHOP!)
Date: 1999/11/23
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