Credit Card Fraud Protection

For $11.00 a credit card sells credit card protection against fraud and also it provides your credit reports monthly is it worth it?

Your credit card is supposed to protect you against fraud already. You need to watch your statements and if you see charges you didn't make, call the credit card company and report the fraudulent charges. You do not need to buy credit protection to receive that service. The credit protection thing is a scam that credit card companies use to try to rake in more money.

As far as credit reports go, you can get those for free online at websites like www.freecreditreport.com .

Don't waste your money.

2007-07-10 10:13:19 by jmarasco58

www.My-Spy.com Global TV Report on a new high-tech solution to ID theft and credit debit card fraud that allows users to monitor their accounts on ...

If someone steals your card and uses it, as long as you follow the proper procedures you will be protected for anything over $50 and in some instances the full amount stolen from the card.
Proper procedures would be to report it to the credit card company in a timely manner, to file an ID theft report with the police and then send a copy of the police report to the credit card company.


The other type of protection they try to sell is if you become ill, disabled, lose your job, etc., the card payments are supposed to be made - HA. Good luck with that.

Most people find that after paying those high premiums if they lose their job, become ill, whatever.. they have to fight tooth and nail to get the company to pay what they are supposed to pay.

In the meantime, their credit becomes trashed because the payments aren't being made, they spend hours upon hours on the phone, and send countless letters, fruitlessly trying to get things resolved.

If you want to pay for that type of insurance, talk to the insurance agent you use for your car and home to see what type of policy they can offer you.

2008-03-26 15:56:57 by Sly

Price: $9.99

I purchased a tv through eBay and i never received it, if I don't get a full refund though paypal, do you think I can get a refund through my Bank of America credit card as some type of fraud protection?

1. did you check the feedback on the seller? if all of the recent transactions (within the last 6 months) were positive and they have sold similar gear (be careful of someone that's sold jewelry all of the sudden selling HDTVs at cut rate prices...could be a hacked account) than it's probably an honest mixup. did you contact the seller? if you did not, and there was a mixup in shipping they might not even know that it never arrived. a lot of sellers assume that if they don't hear from you, everything was fine.

2. how long ago did you win the auction? i would give it at least 3 full weeks before i would panic. what level of shipping did you pay for? did you receive a tracking number? if the seller doesn't use tracking numbers, they should. they are a Godsend for sellers because they help to cover the seller's butt. if the buyer claims that the item didn't arrive, you can simply check the tracking number.

3. if you have done all of this and you still get nowhere, you should be able to get your funds back no problem from paypal as long as you can prove that the item didn't arrive (and truthfully that level of "proof" is pretty slim. paypal is so on the side of the buyer as opposed to the seller that they will pretty unilaterally give refunds to the buyer...this is not always fair to sellers either, because there are some unscrupulous buyers that like to claim that they never received an item when they did. paypal then refunds the buyer their money, leaving the seller out of pocket for the money as well as the cost of the item). this is why if sellers only accept paypal and buyers only pay with it, the sellers are much less likely to be scamsters, because they know if they simply don't send the item and pocket the cash, all that will happen is that the person will complain and paypal will yank the money right back out of their account.

4. this is why i would not get a major purchase like a TV from ebay though. i would stick with amazon, newegg, or tigerdirect for things like that. they have better customer support and are much more receptive to problems. i know that tigerdirect would send a replacement pretty much no questions asked if it legitimately did not arrive. you get much more peace of mind with these companies than with joe's TV shack on ebay.

2009-01-05 08:01:31 by phoenixparalysis

Price: $5.95 $5.95

hi to u all i was a recent victim of an online credit card fraud....they have used my debit card and now my bank account has a over drawn balance of $-500 i spoke to the described merchant of the unauthorized transactions (they have a phone no with transactions) all of the transactions were made online......when i called them to get the refund they say i did all the transactions and the have all my information including my address, my name, my IP address ......and i called my bank to dispute the charges the bank said to dispute, the charges has to be posted to the account first..
when the charges are disputed with the issuing bank, the bank is going send me an affidavit to sign and they are going to do an investigation into it

my question is because the merchant is calming that i did all the transactions will i get into trouble if i file a dispute
should i talk to fbi's online credit card protection center should i file a report with police...what should i do.......
but my fear is will they get me for doing that because like i said the have my IP address....but i know today computer hackers can easily spoof ur IP address and pretend like you and they also have all other info like my name , my address
yes they are from the same merchant....and there are 10 to 20 separate transactions from the same merchant .......
its a online company (pay per view) that offers to download movies like porn sites.....so thers no shipping address or anything everything is done online....

Sorry.. but if they have your IP and more importantly your MAC address, you will get into trouble.

If the crime has been committed, then you reporting it was the right thing to do.... if you have ANY culpability in the matter... you could be in for a world of hurt...

2009-05-26 19:17:11 by jayashan.fernando

My husband's debit card just experienced fraud from a prepaid visa card out of israel?! Thank God our bank has fraud protection so we didn't lose anything. However, I don't think it's a coincidence that within a week of signing up for the Lifelock services we experienced fraud?

To be on the safe side, you should put the account on fraud alert through Trans Union Fraud Dept. Their toll free # 1-800-680-7289. They'll notify the other to bureaus and must be renewed every 90 days in order to keep it active. You might as well run your yearly free credit reports from annualcreditreport.com or call Trans Union toll free @ 1-877-322-8228 for all 3 free reports. If there is something on the reports you're not aware of, dispute it immediately.

2009-06-04 05:25:21 by nottoday