6 ‘Other’ Credit Card Protections

Think you’re safer paying with cash? Not always. For instance, holiday shopping means mall pickpockets are on the prowl. Despite reports of data breaches at retailers including Target, Home Depot and others, don’t shelve your credit cards just yet. Compared with debit cards, you’ll have fewer hassles and less liability should your card be used fraudulently. For certain purchases, credit cards are better than debit cards and cash because of other, lesser-known protections. These policies vary by card type and provider, so ask about your specific coverage: Extended return policies. Many retailers …

Once More Unto the Security Breach

For the third time this year, I opened an unmarked envelope to find a new credit card glued to the insert. Actually, it wasn’t a new card. Just a replacement for my current card, now unusable because of a security breach somewhere. I’ll be amazed if this card makes it to the end of the year. Sound familiar? Security Breaches on a Massive Scale Huge data breaches affecting millions of American consumers seem to be happening with regularity these days. …

New York Restaurant Rejects Obama’s Credit Card

Yes, even the president of the United States gets his credit card declined. As President Barack Obama signed an executive order to beef up security for government-issued credit and debit cards, he told the story of how his card was rejected at a restaurant while he was in New York last month to attend the United Nations General Assembly. >> 10 Frugal Habits of the Rich and Famous “It turned out, I guess, I don’t use it enough, so they thought there was …

Frank Abagnale: Hackers Can Get Your Info in 15 Seconds

Frank Abagnale, former master check forger, has some sobering advice for the rest of us: Hackers likely already have your identity records. He says hackers can steal your identity in 15 seconds or less. Abagnale, who lectures on forgery, embezzlement and secure documents, spoke to attendees today at the AARP Ideas@50+ conference underway in San Diego. Among his other revelations: Children make better victims than adults because thieves can use their stolen identity for a longer time. The privacy button on …

The Hidden Costs of Free Trials

Burn fat, grow hair, or remove wrinkles while you sleep. Earn thousands a day working from home. Learn about “secret” government grants that are yours for the asking. The promises are priceless – and so are the products, quite literally. Or so you’re told. But the common outcome of free trial offers: After providing your credit card for a small shipping and handling charge, your plastic may be bombarded with recurring charges that quickly add up. Reasons: It’s not uncommon …

3 Sneaky Schemes That Scammers ‘Bank’ On

Phone calls claim there’s a problem with your bank account or credit or debit card. Some allege you qualify for a lower-interest-rate credit card because you’ve been such a good customer. And the newest trick: telling businesses that their card-swiping machines aren’t working right and credit card transactions must be made by phone. But it’s scammers delivering such unexpected news – not legitimate financial institutions they profess to represent, which most recently include Bank of America, Barclays, and scores of …