I learned something new tonight. I was out picking up some Indian food (which was very disappointing by the way – new management=new crappy cook…but I digress) and my credit card was declined when I went to pay for the food. I said, “that’s impossible, I just used it ten minutes ago for another errand”. He ran it again and confirmed it was being declined. I figured it had to be their crappy system, so I gave him my other card (I always carry 2 cards and we charge EVERYTHING to optimize our cash back and get $1000/year tax free). The next card went through, confirming my first card was in fact declined. So, I grabbed the food, got in the car and made a pissed off call to the card company.
What they told me was that any time you have more than 12 transactions in a day, the card is automatically locked out. I found that odd, especially if someone’s on a trip, at the mall or whatever. In our case, both my wife and I share the same card, so that’s like 6 swipes each in a day will wipe us out?! The customer service rep said this was common across the industry. I find it hard to believe but this is what I was told.
Have You Ever Heard of This?
Anyway, that’s my segue way into this month’s weekly reading:
Posts from around the web:
- The Big Picture – Our Mountain of Debt
- The Burning Platform – The Essential Rules of Tyranny
- Financial Samurai – Debt Ceiling Debacle
- Invest it Wisely – Getting the Best Insurance Deal
- Len Penzo – GE Takes Your Money, Stores Take the Fall
- Financial Highway – Livin’ Large without Breakin’ The Bank
- Oblivious Investor – Do You Need an Emergency Fund?
- Monevator – Index Trackers
Top Posts from Yours Truly…
- It’s Official: Mutual Funds are Dead – 10 Years of Horrifying Data
- Are You Selling Stocks Prior to the Aug 2 Debt Limit Expiry?
- Home Improvements That Pay Off
- 2 Questions to Ask Before Renting Out Your Room
- Is Banking Cord Blood Worth the Cost?
- College Costs Have Gone Wild – What To Do
- I Tripled the S&P500 Again
- My Barber is Rich – Here’s Why
Carnivals that featured my content: