[ale] OT: Security code on Credit/Debit cards

[Lightner, Jeff]

As I noted previously there are choices for using secured credit cards.
Not saying they're good choices but they exist and can help you show
you're dealing with credit responsibly over time.

My first VISA years ago was a secured account and it worked well for me
(also forced me to save since I had to deposit money to get the
account.)  If you don't want to do that you can by prepaid debit cards
so at least limit your exposure to what you loaded on that card.   

Also it's not just a choice between debit and credit - Cash is still
accepted almost everywhere.

-----Original Message-----
From: ale-bounces at ale.org [mailto:ale-bounces at ale.org] On Behalf Of
Scott Castaline
Sent: Monday, February 22, 2010 11:41 AM
To: Atlanta Linux Enthusiasts - Yes! We run Linux!
Subject: Re: [ale] OT: Security code on Credit/Debit cards

On 02/22/2010 10:01 AM, Lightner, Jeff wrote:
> It does appear based on my read of this link:
> http://www.fdic.gov/regulations/laws/rules/6500-1350.html that the
> poster who said the limit for losses applies to Debit cards as well as
> Credit cards was correct. However, I'll point out that the link does
> specifically excluded overdraft protection fees among others so it is
> still a matter of Bank Policy as to whether they would refund those.
> Most do but as I pointed out earlier why take the risk when use of
> credit cards avoids this altogether and also insures the money isn't
> coming directly out of your bank account in the first place?
>
>
------------------------------------------------------------------------
For those of us that have no choice, as it seems to be getting more 
common. Even those that had great credit are losing their credit 
standings or at least greatly minimized.
_______________________________________________
Ale mailing list
Ale at ale.org
http://mail.ale.org/mailman/listinfo/ale
See JOBS, ANNOUNCE and SCHOOLS lists at
http://mail.ale.org/mailman/listinfo
 
Proud partner. Susan G. Komen for the Cure.
 
Please consider our environment before printing this e-mail or attachments.
----------------------------------
CONFIDENTIALITY NOTICE: This e-mail may contain privileged or confidential information and is for the sole use of the intended recipient(s). If you are not the intended recipient, any disclosure, copying, distribution, or use of the contents of this information is prohibited and may be unlawful. If you have received this electronic transmission in error, please reply immediately to the sender that you have received the message in error, and delete it. Thank you.
----------------------------------