Counterfeit Credit Card

[soul_out]

I'm talking about serious business here. Those who are using credit card or whose their parents or friends are using please beware.

1. If possible, please keep an eye on the shop keeper or cashier who swipe your credit card while you're paying for your bill. They may swipe your card twice, one on the machine which they are suppose to swipe to charge you, whereas the other 1 is to get your credit card details so that they may produce a counterfeit 1.

2. Please keep all the credit card receipts properly or discard it properly as the details on some of the receipt revealed your credit card details which is sufficient for those syndicate to duplicate another 1. These include the receipt which printed out from the machine of the petrol booth.

[huilinchin]

There are 2 things that I would like to add since we are discussing this issue.

1) I am using Citibank Credit Card. Citibank provides an online service to generate a credit card number (different from your real card number, of course) for online purchases.
This way, if you purchase stuffs online, no one will know your real credit card number except the credit card provider itself like Citibank.
The generated numbers differs every time you generate it.

2) For those who are new with Debit cards in the US, when you are given the option to choose between DEBIT and CREDIT, always choose CREDIT..
A bank officer told me this. The bank will not be responsible if they receive fraud bills from the DEBIT option. This is because by using DEBIT option, card holder will need to press the pin number and bank assumes that the card holder is solely responsible for the pin. So, in the middle of pressing your pin number, the cashier may take a peep and remembers your pin. If your card is lost (and the thief uses the pin), there is nothing you can claim.

While if you choose the CREDIT option, no pin required. You just need to sign the receipt. The bank officer told me that bills can be rejected if you do not recognize/ acknowledge the signature on the receipt.

-Hui Lin ^_^

[littlebigone]

also if you choose credit you don't get charged the $1.50 for transfer of funds or whatever they call it.

[__earth]

2) For those who are new with Debit cards in the US, when you are given the option to choose between DEBIT and CREDIT, always choose CREDIT..
A bank officer told me this. The bank will not be responsible if they receive fraud bills from the DEBIT option. This is because by using DEBIT option, card holder will need to press the pin number and bank assumes that the card holder is solely responsible for the pin. So, in the middle of pressing your pin number, the cashier may take a peep and remembers your pin. If your card is lost (and the thief uses the pin), there is nothing you can claim.

not really true. I had a fraud case once and I got my money back. For debit card, you could choose to sign or to enter your pin number. also, for online shopping, you dont need the pin number.
you are only screwed when there's signature on the receipt.

also if you choose credit you don't get charged the $1.50 for transfer of funds or whatever they call it.

the charge depends on the bank. Mine doesn't charge me anything.

[huilinchin]

not really true. I had a fraud case once and I got my money back. For debit card, you could choose to sign or to enter pin number. also, in online shopping, you dont need the pin number.


I think you misunderstood. Maybe it's my mistake for not being clear.
Sorry about that.
Point 1 about generating card number concerns online shopping.
Point 2 about choosing credit option instead of debit option for Debit card users concerns "not-online" shopping.
So, when I talk about Point 2, I meant when you are supposed to choose to sign (Credit option) or to enter pin number(Debit option), choose the Credit option.
The main reason for doing so is to avoid people knowing your pin number, then steal your card, then use the pin to get all the money (in case the thief acts faster than you - before you have the time to report instantly.)

Hope this is clears up some confusion. :D

Cheers,
Hui Lin ^_^

[__earth]

ahh, i thought you were talking about choosing between credit card and debit card service.

[Thirdshifter]

All transaction using either credit or debit card is protected under the FDIC $100.000 liability law.

Bank provide Debit and credit cards for conveniences and ofcourse to compete with other banks in term of service offered.

By going with "if you put the PIN in your screwed" logic. I could be a bank Manager and know every detail about your account and screw all of my customers?

here's a quick read on the liability issue http://www.fdic.gov/consumers/consumer/news/cnsprg98/crook.html

Don't be all worried about your funds they're all protected.

Anyway, American Express Blue with the online protection on the other hand is something totally different!

You can actually return an item baught from the internet may it be for any reason 90 days from purchase date.. all you have to pay is shipping and hadling.. amex take care of the rest.

So if you baught something from buy.com and the return policy there is only 30 days.. with this card it'll be 90 days. Some Items are covered up to a year.

[Thirdshifter]

You can actually return an item baught from the internet may it be for any reason 90 days from purchase date.. all you have to pay is shipping and hadling.. amex take care of the rest.

in the US, everything could be returned within a certain timeframe, usually mentioned in the merchant policy.

I know, With amex blue it's 90 days regardless of what the merchant policy is.

[huilinchin]

All transaction using either credit or debit card is protected under the FDIC $100.000 liability law.

By going with if you put the PIN in your screwed is not valid. I could be a bank Manager and know every detail about your account and screw all of my customers?


Btw, everything I said above were quoted from my bank's officer.
Pins are sent in a sealed letter from the headquarter (although different banks may do it the different way).

Branch bank managers do not know customers' pin. I asked once because I want to change my pin, but I can only do it from phone (auto-change in computer) dialed to the bank's headquarter computer.

Also, a lot of things in America is implemented with a trust system.
Just like you can deposit CASH using the ATM machine. Customers can easily say that they deposited $1000 cash, but only $100 is deposited in their account. Bank will give you the $1000 although you really deposited $100, but after that first time, they will watch you very closely.
No one does that.

-Hui Lin ^_^

[__earth]

Also, a lot of things in America is implemented with a trust system.
Just like you can deposit CASH using the ATM machine. Customers can easily say that they deposited $1000 cash, but only $100 is deposited in their account. Bank will give you the $1000 although you really deposited $100, but after that first time, they will watch you very closely.
No one does that.

you mean trust as in attitude or trust as in financial term?
but if i get what you mean, i'm not sure whether what you say is true or not because that's basically a fraud case. the Fed could be on you quicker before you could say uncle.

[Thirdshifter]

USA, trust? Geez USA must have gave you a very great impression.

So a piece of advice while your in the land of the free home of the brave.

Trust nobody :)

[huilinchin]

_earth, I meant attitude in that specific case :)
yeap, that is fraud, which is why banks lose a lot of money every year because of fraud. But think of it, do you want to do that for a tiny amount of money that will leave a mark on your financial details forever?

I remember when I was a freshman 3 years ago, when I was still very new to culture in the US, my senior told me that you can spend a lot using credit card and not pay back if you are leaving the country immediately and not coming back.
I am not sure if this is true until now.

But for sure, I believe, one would have a dark credit history in the US.
Personally, I think one needs a good credit history to survive in the US because stuffs like property is so expensive and one definitely needs to get loan and things like that if want to live in the US.


-Hui Lin ^_^

[__earth]

I remember when I was a freshman 3 years ago, when I was still very new to culture in the US, my senior told me that you can spend a lot using credit card and not pay back if you are leaving the country immediately and not coming back.
I am not sure if this is true until now.

my mother works at the BoA and one thing she told, dont do that coz american banks nowadays are pretty agressive. Your senior apparently is wrong.

and its true. it's good to have a good credit standing.

[Thirdshifter]

A friend of mine, a Malaysian i knew few years back, went to Pennstate. Before he left i think he spent a good 20k on 4 different CC and left with a contena full of goodies. I don't think the US would even let him come back as a visitor unless he pays the debt.

[huilinchin]

So a piece of advice while your in the land of the free home of the brave.

Trust nobody :)

Life is so meaningless to me if you trust nobody.
I used to trust nobody at one point (short interval of time) but finally decided that I rather get hurt for one night than live many nights of not meaningful life.

But of course lar, trusting someone does not mean emailing everyone my university password or credit card pin.

hehehe... :D

-Hui Lin ^_^

p/s: man, I should be studying for tomorrow's last paper ... but too addicted to Recom :roll:
I am very glad that Recom has you guys who contribute a lot :D

[Thirdshifter]

When it comes to money, pussy and more money trust nobody. I'm sure everyone couyld agree that leaving a door of oppurtunity to human curious minds would do you more bad then good. So always never tell anybody about whatver especially her ein USA.

[chenchow]

One more thing to add about using credit card for online purchases.

I once bought an air ticket via orbitz for a flight on National Airlines. It was some time last year and the airline went bankrupt. I managed to claim back all the money I paid, except for the $5 service charge by orbitz.

[screw3d]

A friend of mine, a Malaysian i knew few years back, went to Pennstate. Before he left i think he spent a good 20k on 4 different CC and left with a contena full of goodies. I don't think the US would even let him come back as a visitor unless he pays the debt.
Man.. that's called fraud and he could end up in jail for that! Totally unethical.

[Schye]

2 of my seniors were prevented from going back to Malaysia after the company being that case to the embassey- well, maybe they should go back earlier :twisted:
If i am not mistaken, one of them are still working in Japan while the anohter one has gone back with the help from his family.Of course the one who is still here has lost his job in Malaysia :wink:

So, to those who want to try ...
Think twice :wink:

[qedx]

A friend of mine, a Malaysian i knew few years back, went to Pennstate. Before he left i think he spent a good 20k on 4 different CC and left with a contena full of goodies. I don't think the US would even let him come back as a visitor unless he pays the debt.

of course they would let hm come back to the states. hejustt wont be going home for a while

[chenchow]

I agree with screw3d that it is a fraud and i think if Malaysians tend to do that, it would tarnish the name of our country and if many did that, it would even complicate the future visa issuance or even credit card issuance.

[theT]

i've seen how bad credit card fraud can be damaging to the victim.its so ugly. it happens in malaysia. what really happens is some guy is "using" another person credit card. and not only he spend more than 15K in one day, he also change the information of the owners of the card. for example, address , telephone no. etc. its not funny at all to mess up with others credit card. i would kill that guy with my own hand if i get to see him. the rage is still there. no, its not my card. but somehow it affected me and yeah, its someone's related to me. :evil: :evil: :evil:

[wwhong]

this is really an interesting topic which concerns a lot of people as well.
luckily for myself, i never had any problem with my credit card and i hope i won't have any in the future.

just wondering is there any other precautions or things we should be paying attention when paying using credit card be it online or offline?

and about the trust problem i think it's not right to say trust no one. instead, trust those who can be trusted should be more correct. like wat huilinchin said, if no one can be trusted this world is not meaningful anymore. just my 2 sen.

[mdmd]

Back in Malaysia, i used to have friends who fraud and ifrauding is so easy back at that time. A few piece of advice here, tricks used by those few years ago, hope you guys will find it useful.
1) When you are pay by credit card at Mobil or Shell beware! It is very easy to pick up credit card receipt slips at Shell stations. As for Mobil, there is also an option for reprinting the receipt. I don't think it works now because of the tighter measures adopted.
2) Some of them will remember the 3 digit security code at the back of the card and then excue themselves to the toilet and copy the credit card sales receipt that they bring along.
3) I always make sure that my balance in my debit checking account at a minimum. That means i will only transfer the amount i need to spend into my credit checking account before purchasing online or elsewhere. Thus, even if someone get my information, they cannot get much money out of me =)

Hope it helps

[z]

My bank just recently cancelled my debit card and is going to replace it within a week. Why? Visa "advised" them that some unauthorized third party company attempted to access my card.

I don't know whether this is false alarm, but I'm really impressed by their proactive measures to prevent fraud! It's really worrying when the bank, by default, automatically transfers fund to cover overdrafts from your checking account (when using your debit card).

Some incentives on using credit card.
some credit cards offer a cash rebate/points on purchases. For instance, if your credit card comes with a 1% cashback, you get $1 for every $100 you spend.
Also, credit card improves your credit history IF you pay on time every time.

But the disadvantages are numerous.
Even if you have strict spending habit and pay your bills on time, there are a thousands clauses in credit card statements designed to charge you extra fees. You may call them fraud, but the companies will say that you didn't read their 100 or so page agreement.

So, get a credit card if and only if you can confident of paying all your bills on time and pay off the whole balance (no matter what).

If you don't pay on time (even if it's an honest mistake like you forgot about it etc.), you will get a huge fee plus a terrible spot on your credit history.

And only recently did I discover that if you don't pay off the balance in full, they will charge you interest even in your recent purchases (damn, this credit card companies are suckers of money).

[DecentMerson]

izzit easy to get a credit card in the US??? and how easy is it???

and about the debit card...u have to have money in ur account to use it rite???

i think if one is really careful with his/her credit card usage, such as:remember to get the receipt, always keep an eye at the cashier and make sure the card is always visible, and remember to pay ur bill b4 the due date......u will be fine rite?!?!

and those
Thirdshifter wrote:
A friend of mine, a Malaysian i knew few years back, went to Pennstate. Before he left i think he spent a good 20k on 4 different CC and left with a contena full of goodies. I don't think the US would even let him come back as a visitor unless he pays the debt.


this is really unethical, and it's ashame that they are doing this as Malaysian Ambassadors.....they really tarnish the country's image, big time....

[DecentMerson]

izzit easy to get a credit card in the US??? and how easy is it???

and about the debit card...u have to have money in ur account to use it rite???

i think if one is really careful with his/her credit card usage, such as:remember to get the receipt, always keep an eye at the cashier and make sure the card is always visible, and remember to pay ur bill b4 the due date......u will be fine rite?!?!

and those
Thirdshifter wrote:
A friend of mine, a Malaysian i knew few years back, went to Pennstate. Before he left i think he spent a good 20k on 4 different CC and left with a contena full of goodies. I don't think the US would even let him come back as a visitor unless he pays the debt.


this is really unethical, and it's ashame that they are doing this as Malaysian Ambassadors.....they really tarnish the country's image, big time....

[pandaboy]

I'm talking about serious business here. Those who are using credit card or whose their parents or friends are using please beware.

1. If possible, please keep an eye on the shop keeper or cashier who swipe your credit card while you're paying for your bill. They may swipe your card twice, one on the machine which they are suppose to swipe to charge you, whereas the other 1 is to get your credit card details so that they may produce a counterfeit 1.

2. Please keep all the credit card receipts properly or discard it properly as the details on some of the receipt revealed your credit card details which is sufficient for those syndicate to duplicate another 1. These include the receipt which printed out from the machine of the petrol booth.


for number 1, cashiers in malaysia always swipe the card twice, one on the credit card machine, and another time on the cashier machine... hehe...

Anyway, keep those safety precautions coming in. I'll be using credit card next year as I'm afraid to carry so much cash around. It's so dangerous nowadays. It's good to learn the precautions here... Prevention is always better than cure ^_^

[Diesel]

this is another advice.

i joined a channel called #cc on mirc once ago. once in a while, somebody would share some credit card info. i asked people how the hell they got so many cc's. they told me that they got it by hacking online stores. so beware. when shopping online, make sure you really trust the safety of the website. use paypal if you can.

and you can't really track who's using ur credit card. they use proxy servers to do the transactions, unless they are too dumb or noobs.