MUST SEE: The risk inside your credit cards

[Iwillnevergiveup]

This new identity theft is horrendous...quick, gather your cards and check them over. Then watch the video for details.


http://youtube.googleapis.com/v/lLAFhTjsQHw%26sns=em

[frazzled]

1. Four people in my family have had their credit cards compromised in the last two months

First my daughter, when we were visiting her in Portland, OR. She tried to pay with her debit card at Powell's Books and it was refused; was shut down. She freaked because she knew she had a lot of money in her account, so she immediately checked her bank account on her smartphone. It was fine. So she called: they wanted to know if she'd made any purchases in Luxembourg that day. Uh, no. They had to close her account and send a new card.

Then a few weeks later. My sister got a text from her husband while she was at jury duty. Her card had been used to try to make a purchase in Peru. Again, it was caught, but she had to get a new card and wait a week.

Then my brother was traveling to southern California and tried to pay for dinner with his card. Shut down. Someone was using it in Sacramento.

Then my brother in law got his card shut down while he was in Tokyo (where he had informed his credit card people he would be in advance) ... purchases were being made in Sacramento again.

I knew about people scanning your cards, but I'd never thought to even check ours. We just did: no RFID chips. But I'm sending this video to the rest of my family. Thanks for posting!!



PS: The best one was about a year ago, when my parents, then aged 95 and 86, got a call from their bank asking them if they'd purchased $5,000 worth of liquor in London!!

[Smilo]

3. Italy for me :(

[Smilo]

2. I saw a report on this a while ago

and thought hey I'm okay I don't have that RFI thingy. Still someone(s) have managed to rip of my CC twice in the last month

Banks just won't do anything about this - it is cheaper to pay up and move on rather than acknowledge banking has serious loop holes and try and do anything about it.

[Iwillnevergiveup]

4. Great idea

to let your bank/credit union know if you're traveling. ..dates and places. I like the suggestion of wrapping cards in aluminum foil if you're unlucky enough to have these damn chips in them. Or just get new ones without the chip.

[frazzled]

6. We always tell our bank if we're traveling out of the country

Nothing like being in, say, Prague, and having the ATM machine not only reject your card ... but your entire account is shut down. You're stuck with no way to pay for anything!

A few years ago I ordered something on the Internet for a gift, a fairly small purchase (maybe $30 equivalent in pounds), but it was in the UK. The bank called within a minute of my having made the purchase to see if it was me. They're good about tracking it, but it's still a royal pain in the ass if you have to wait for a new card to come. And it makes you paranoid.

Sometimes they're too careful: my husband has had his debit card shut down when he stops in Indiana, right across the border, to gas up, and then 20 minutes later, back in Chicago, tries to use it to pay for milk and eggs at the supermarket. Two different states in 20 minutes sets off an alert.

[Warpy]

5. Color me paranoid

but I've been using one of these for a couple of years:
http://www.amazon.com/s/ref=nb_sb_ss_sc_0_12/189-0070653-3920637?url=search-alias%3Daps&field-keywords=metal+card+holder&sprefix=metal+cardho%2Caps%2C259

[Iwillnevergiveup]

7. No, Warpy

I'm coloring you smart and I'm gonna get me one of those - they're so cheap! Thanks!

[MotherPetrie]

8. Thank you for posting this!