Just Basics
join:2003-06-08
Painter, VA
| reply to SpannerITWks
Re: How 2 Help Prevent CC Fraud !
This basic idea is called a one time use credit card and was introduced by Amex in 2000. I believe it is currently offered by MBNA and possibly others but the card number is good for one purchase only.
You may also try contacting your card company and requesting them to lower your credit line to an amount you are comfortable with.
I can't imagine that any card company would be agreeable to offer a better interest rate to customers that create more work for them. Card companies care little about card fraud - the merchant pays for fraud with charge backs from the card companies and merchant rate increases.
The merchant passes these costs along to the consumer and the consumer pays for card fraud by paying higher prices for products. |
