Comments on: 10 Things You Should Know About Your Credit Card

By: When the credit card collector calls

When the credit card collector calls — Mon, 20 Apr 2009 05:10:56 +0000

[...] months ahead. But following are few of major problems you can get yourself into if you stop paying your credit card’s monthly [...]

By: mayapearl

mayapearl — Fri, 03 Apr 2009 00:30:44 +0000

Thank you for all the helpful info on credit cards, this is encouraging me to investigate a little more as the CC rules in Australia may differ to those in the US.

By: M Melcher

M Melcher — Mon, 02 Mar 2009 21:34:52 +0000

I` VE RECEIVED A CHARGE FROM AGO *SOVEREIGN SOCIETY, WHICH
I CAN`T RECALL HAVING ANY NEED TO BUY THEIR SERVICE. HAS
ANYONE ELSE HAD THIS PROBLEM?

By: Internet Marketing

Internet Marketing — Sat, 14 Feb 2009 05:23:18 +0000

No one ever asks me for id or checks signature.

By: Diamond

Diamond — Fri, 23 Jan 2009 15:40:58 +0000

I work at an electronics retailer and they have us requesting ID for every single purchase, regardless of sale amount or signature or anything. We’ve had to turn quite a few customers away but most don’t get angry cause they feel like its an acceptable thing to ask for the id and be turned away if they dont have one. we definitely lose sales from it but even the police asked us to check all IDs because houses in the area were robbed and CCs were stolen. Great information, curious if my managers (or police) are even aware thanks!

By: Jonathan Senior

Jonathan Senior — Thu, 16 Oct 2008 09:53:01 +0000

something my old economics teacher used to say (and relevant now more than ever before). Remember, whenever you see the word "credit", just replace it with the word "debt" and see if the meaning is still the same.. Jonathan Seniors last blog post..Learning online 101

By: Greg Hancock

Greg Hancock — Thu, 25 Sep 2008 18:45:27 +0000

Have you ever tried to report an infraction? I am getting the run around about issue 4 and 5 right now. I went into a shop that had a minimum $10 purchase for cards or they would hit you with a $1 additional charge.

I tried to report this and not to spam your comments but look at what I am getting…

Greg,

Thank you for contacting Zions Bank with your concern.

Please know that the bank does not have control over when a merchant may charge a fee if the merchandise is under a certain limit. I do apologize for the inconvenience this causes you, but this is a merchant decision, not a bank decision.

Please let me know if you have further questions.

J****

You replied on September 22, 2008 at 3:26 PM as follows:

Hello J****,

Thank you for the note. I run several businesses and all of my accounts with VISA state that I am not allowed to charge more for using a card or have a minimum purchase.

From the VISA web site…

http://www.corporate.visa.com/ut/faq.jsp?src=home

“Can merchants set a minimum purchase or charge a fee for using my Visa card?
Visa has certain regulations that all merchants that accept Visa cards must follow. One of those rules is that Visa merchants are not permitted to establish minimum transaction amounts, even on sale items.

If you run into a problem like this with a merchant, please notify your Visa card-issuing bank. Visa member banks have access to the appropriate Visa rules and regulations as well as to the Notification of Customer Complaint forms which should be used by the bank to document and file merchant complaints. ”

This is becoming more and more common from buying gasoline to getting food as I am sure you have seen in your area as well. According to all my contracts and the VISA web site this is against VISA policy. This is why I reported the issue. If VISA is not going to enforce this policy then why do they even have it on the books? What else will they not enforce?

Thank you for taking the time to read my position. I will continue to report any such occurrences in the future until this price gouging stops and merchants are forced to follow the VISA guidelines as I do with my businesses.

Thank You,
Greg

Zions Bank responded on September 25, 2008 at 12:09 PM as follows:

Greg,

Thank you for your response.

I am sorry I was unclear in my original response. I have shared your concerns with our BankCard Management. Please know that Zions Bank does not have a way to know when merchants are violating their contract with Visa. Therefore, we do not interfere with these merchant decisions. Any violations from the merchant should be reported to Visa directly.

Again, I apologize for the frustration this causes you. I invite you to contact Visa with your concerns.

Thank you,

J****

You replied on September 25, 2008 at 12:32 PM as follows:

Hello J****,

Thank you for the response. You do not have a way to know when merchants are violating their contract with Visa? That is why I am reporting it to you. Visa says we should report it to you and that you have the proper forms to report this directly. I stated this in my last response and even quoted the Visa page that says this.

If you can give me a way to report this to Visa I will be happy to leave you be and start notifying them but according to their web site they state that I am to report it to you. Here is what their web site says again since it seems you missed it in my last response.

Visa says……….
“If you run into a problem like this with a merchant, please notify your Visa card-issuing bank. Visa member banks have access to the appropriate Visa rules and regulations as well as to the Notification of Customer Complaint forms which should be used by the bank to document and file merchant complaints.”

So, do you see my problem? You say report it to them and they say report it to you. It sure sounds like nobody knows who the responsible party is supposed to be and yet I am still being overcharged by merchants breaking the Visa guidelines. I guess most people roll over at this point but I am refusing until my concerns are fully addressed.

I know this is not your fault J****, so please do not take it personally. I am just trying to find a way to report this issue where something will actually be done.

Greg,

Anyone have a better way of reporting this?

Greg Hancocks last blog post..Anyone Catch Letterman?

By: cchiovitti

cchiovitti — Thu, 25 Sep 2008 03:20:45 +0000

Good info, I never knew that a merchant wasn't supposed to ask for ID if your card is signed. 90% of the time, I get asked for mine. It's pretty much standard practice, I guess, even if they aren't supposed to. What can you do about it? Not a darn thing. You can report them, sure, but what good does that do you. No ID, no sale. If I run in to buy something and refuse to show my ID, the merchant can refuse to sell to me. Also, all credit card agreements I've seen have stated that a card MUST be signed with a legal signature on the back and specifically say that a card is not valid if it says "see ID" instead. cchiovittis last blog post..Happy September 23rd!

By: R. MAK.

R. MAK. — Fri, 19 Sep 2008 18:33:53 +0000

@Nigerian Entrepreneur Thanks for your appreciation. your encouragement keeps me motivated to research and write more... R. MAK.s last blog post..A Quick Guide to Credit Card Basics

By: Nigerian Entrepreneur

Nigerian Entrepreneur — Fri, 19 Sep 2008 17:33:51 +0000

Man this is rich. A great job you have done here. Truly, ignorance is terribly EXPENSIVE. Thanks for sharing. Nigerian Entrepreneurs last blog post..Can Your Family Business Outlive You?