O.T. Fraud on credit card

I recently got a secured credit card. (Capital One)

Credit limit was $200.

My last statement said $0 balance.

Then I get a statement that had a balance of $400.

It said no payment was due.

I figured they knew something was wrong.

I tried to use my card at a restaurant.

It was declined twice.

I called them up and explained the situation.

I told them that I had made no purchases since my last statement.

They said they would investigate and cancelled my account.

After talking with them, I started to think.

1. If my credit limit was $200, why did Capital One authorize transactions that were beyond $200 ?

2. One of the transactions was an attempt to pay $200 on my account.

Very interesting in feedback and your experience.

Is there a govt. agency that I could file a complaint with ?

Just venting,

Andy

From: "Andy"

I recently got a secured credit card. (Capital One)

Credit limit was $200.

My last statement said $0 balance.

Then I get a statement that had a balance of $400.

It said no payment was due.

I figured they knew something was wrong.

I tried to use my card at a restaurant.

It was declined twice.

I called them up and explained the situation.

I told them that I had made no purchases since my last statement.

They said they would investigate and cancelled my account.

After talking with them, I started to think.

1. If my credit limit was $200, why did Capital One authorize transactions
that were
beyond $200 ?

2. One of the transactions was an attempt to pay $200 on my account.

Very interesting in feedback and your experience.

Is there a govt. agency that I could file a complaint with ?

Just venting,

Andy


Possiblly.,..

Office of the Comptroller of the Currency ( OCC ), a division of the US
Treasury.
http://www.occ.gov/topics/dispute-re...esolution.html

--
Dave
Multi-AV Scanning Tool - http://multi-av.thespykiller.co.uk
http://www.pctipp.ch/downloads/dl/35905.asp

[Default] On Mon, 4 Jan 2016 16:02:46 -0800 (PST), in
microsoft.public.windowsxp.general Andy
wrote:

I recently got a secured credit card. (Capital One)

Credit limit was $200.

My last statement said $0 balance.

Then I get a statement that had a balance of $400.

It said no payment was due.

I figured they knew something was wrong.

I tried to use my card at a restaurant.

It was declined twice.

I called them up and explained the situation.

I told them that I had made no purchases since my last statement.

They said they would investigate and cancelled my account.

After talking with them, I started to think.

1. If my credit limit was $200, why did Capital One authorize transactions that were beyond $200 ?

Sometimes they'll do that as an accomodation, with the expectation of
its being paid, but only a few dollars. Twice above the limit seems
unlikely.

2. One of the transactions was an attempt to pay $200 on my account.

Someone tried to pay someone else from your account?

Very interesting in feedback and your experience.

Is there a govt. agency that I could file a complaint with ?

Are they asking you to pay any money? Have they finished their
investigation? I think you should wait until the answer is yes and
figure out, find out what happened first.

Just venting,

Andy

On Monday, January 4, 2016 at 8:19:17 PM UTC-6, Micky wrote:
[Default] On Mon, 4 Jan 2016 16:02:46 -0800 (PST), in
microsoft.public.windowsxp.general Andy
wrote:

I recently got a secured credit card. (Capital One)

Credit limit was $200.

My last statement said $0 balance.

Then I get a statement that had a balance of $400.

It said no payment was due.

I figured they knew something was wrong.

I tried to use my card at a restaurant.

It was declined twice.

I called them up and explained the situation.

I told them that I had made no purchases since my last statement.

They said they would investigate and cancelled my account.

After talking with them, I started to think.

1. If my credit limit was $200, why did Capital One authorize transactions that were beyond $200 ?

Sometimes they'll do that as an accomodation, with the expectation of
its being paid, but only a few dollars. Twice above the limit seems
unlikely.


It is no accommodation for a $30 fee.

It is called greed.

Andy

[Default] On Mon, 4 Jan 2016 19:31:07 -0800 (PST), in
microsoft.public.windowsxp.general Andy
wrote:

On Monday, January 4, 2016 at 8:19:17 PM UTC-6, Micky wrote:
[Default] On Mon, 4 Jan 2016 16:02:46 -0800 (PST), in
microsoft.public.windowsxp.general Andy
wrote:

I recently got a secured credit card. (Capital One)

Credit limit was $200.

My last statement said $0 balance.

Then I get a statement that had a balance of $400.

It said no payment was due.

I figured they knew something was wrong.

I tried to use my card at a restaurant.

It was declined twice.

I called them up and explained the situation.

I told them that I had made no purchases since my last statement.

They said they would investigate and cancelled my account.

After talking with them, I started to think.

1. If my credit limit was $200, why did Capital One authorize transactions that were beyond $200 ?

Sometimes they'll do that as an accomodation, with the expectation of
its being paid, but only a few dollars. Twice above the limit seems
unlikely.


It is no accommodation for a $30 fee.

Well you didn't say anything about that.

Of course there could be a rule limiting the fee, or outlawing it, but
then the conservatives would scream too much regulation.

And the bank would have a choice whether to lend the money for free or
not at all. On a card with a 200 limit, they probably woudln't lend
much for free. This seems like a separate issues from who was using
your card and how did they get the card or at least the number.

One time my brother bought a car and came with a check to pick it up
but for some reason didn't include all the extra fees that they tack
on. So he charged the extra fees to his American Express card,
between 1 and 2000 dollars -- This was back when they had only one
plan. It wasn't a credit card. Just a charge card, and the bill had
to be paid in full at the billing date each month. And he did that,
paid in full. But they cancelled his account anyhow, said he went
over the limit. Of course they let him go over the limit. Perhaps
they didn't make any money on the charge, if the car dealer had no
agreement to pay commission. My brother was angry that they
cancelled him, but he also knew he could easily get by on Visa and
MasterCard and was glad he was able to leave the dealer in his new car
as planned.

It is called greed.

Andy

How is this WinXP?

Andy wrote:
I recently got a secured credit card. (Capital One)

Credit limit was $200.

My last statement said $0 balance.

Then I get a statement that had a balance of $400.

It is your responsibility to immediately interact over bad CC charges.

It said no payment was due.

I figured they knew something was wrong.

That is daffy.

I tried to use my card at a restaurant.

It was declined twice.

I called them up and explained the situation.

I told them that I had made no purchases since my last statement.

They said they would investigate and cancelled my account.

Absolutely. They don't want an account out there that is not only
compromised, but being supervised by some irresponsible CC account holder.

After talking with them, I started to think.

1. If my credit limit was $200, why did Capital One authorize
transactions that were beyond $200 ?

Maybe you don't have it right about the $200.

2. One of the transactions was an attempt to pay $200 on my account.

Maybe you don't have that right either.

Very interesting in feedback and your experience.

Is there a govt. agency that I could file a complaint with ?

I've had bogus charges on a CC. I've had bogus charges on my landline
telephone bill which I didn't even know was possible until it happened.

I've had my CC charges frozen inappropriately because of some kind of
glitch in how the merchant system signaled a problem with the CC company.

If you have a CC, it is your responsibility to know exactly what is
going on with it and correspond immediately and appropriately with the
CC company, which is designed to try to eliminate getting screwed if YOU
screw up your end of the responsibilities.


--
Mike Easter

Andy wrote:
It is no accommodation for a $30 fee.

It is called greed.

I just read some about capital one secured CC. Noticing the fees and
APR strategy, the plan seems to 'target' a class of user.

The annual fee is 0. The APR is about 25%. There are all kinds of
'fees' which are high if you use them.

It is promoted as a method to build credit, implying that it is a
strategy for someone who doesn't have access to a card with higher
limits or perhaps a useful credit rating.

'Timeo Danaos et dona ferentes'

In Virgil's Aeneid, the priest warned the Trojans about the horse,
'Beware of Greeks bearing gifts.'

Likewise, watch out for a greedy CC co. trying to help/lead you into
their clutches.

--
Mike Easter

[Default] On Tue, 5 Jan 2016 14:48:01 -0800, in
microsoft.public.windowsxp.general Mike Easter
wrote:

How is this WinXP?

I just noticed. The OP is Andy .

He goes from one ng to another posting off-topic, irrelevant, and
often stupid posts. He should see a psychological therapist.

I'm sorry I wasted my time answering him (kerplunk).



Andy wrote:
I recently got a secured credit card. (Capital One)

Credit limit was $200.

My last statement said $0 balance.

Then I get a statement that had a balance of $400.

It is your responsibility to immediately interact over bad CC charges.

It said no payment was due.

I figured they knew something was wrong.

That is daffy.

I tried to use my card at a restaurant.

It was declined twice.

I called them up and explained the situation.

I told them that I had made no purchases since my last statement.

They said they would investigate and cancelled my account.

Absolutely. They don't want an account out there that is not only
compromised, but being supervised by some irresponsible CC account holder.

After talking with them, I started to think.

1. If my credit limit was $200, why did Capital One authorize
transactions that were beyond $200 ?

Maybe you don't have it right about the $200.

2. One of the transactions was an attempt to pay $200 on my account.

Maybe you don't have that right either.

Very interesting in feedback and your experience.

Is there a govt. agency that I could file a complaint with ?

I've had bogus charges on a CC. I've had bogus charges on my landline
telephone bill which I didn't even know was possible until it happened.

I've had my CC charges frozen inappropriately because of some kind of
glitch in how the merchant system signaled a problem with the CC company.

If you have a CC, it is your responsibility to know exactly what is
going on with it and correspond immediately and appropriately with the
CC company, which is designed to try to eliminate getting screwed if YOU
screw up your end of the responsibilities.

On Tuesday, January 5, 2016 at 10:16:31 PM UTC-6, Micky wrote:
[Default] On Tue, 5 Jan 2016 14:48:01 -0800, in
microsoft.public.windowsxp.general Mike Easter
wrote:

How is this WinXP?

I just noticed. The OP is Andy .

He goes from one ng to another posting off-topic, irrelevant, and
often stupid posts. He should see a psychological therapist.

I'm sorry I wasted my time answering him (kerplunk).



Andy wrote:
I recently got a secured credit card. (Capital One)

Credit limit was $200.

My last statement said $0 balance.

Then I get a statement that had a balance of $400.

It is your responsibility to immediately interact over bad CC charges.

It said no payment was due.

I figured they knew something was wrong.

That is daffy.

I tried to use my card at a restaurant.

It was declined twice.

I called them up and explained the situation.

I told them that I had made no purchases since my last statement.

They said they would investigate and cancelled my account.

Absolutely. They don't want an account out there that is not only
compromised, but being supervised by some irresponsible CC account holder.

After talking with them, I started to think.

1. If my credit limit was $200, why did Capital One authorize
transactions that were beyond $200 ?

Maybe you don't have it right about the $200.

2. One of the transactions was an attempt to pay $200 on my account.

Maybe you don't have that right either.

Very interesting in feedback and your experience.

Is there a govt. agency that I could file a complaint with ?

I've had bogus charges on a CC. I've had bogus charges on my landline
telephone bill which I didn't even know was possible until it happened.

I've had my CC charges frozen inappropriately because of some kind of
glitch in how the merchant system signaled a problem with the CC company.

If you have a CC, it is your responsibility to know exactly what is
going on with it and correspond immediately and appropriately with the
CC company, which is designed to try to eliminate getting screwed if YOU
screw up your end of the responsibilities.

You really should make an effort to take your medication.

On Tuesday, January 5, 2016 at 5:09:46 PM UTC-6, Mike Easter wrote:
Andy wrote:
It is no accommodation for a $30 fee.

It is called greed.

I just read some about capital one secured CC. Noticing the fees and
APR strategy, the plan seems to 'target' a class of user.

The annual fee is 0. The APR is about 25%. There are all kinds of
'fees' which are high if you use them.

It is promoted as a method to build credit, implying that it is a
strategy for someone who doesn't have access to a card with higher
limits or perhaps a useful credit rating.

'Timeo Danaos et dona ferentes'

In Virgil's Aeneid, the priest warned the Trojans about the horse,
'Beware of Greeks bearing gifts.'

Likewise, watch out for a greedy CC co. trying to help/lead you into
their clutches.

--
Mike Easter

The fraudulent charges are being investigated.

They will first try to collect from the stores who accepted the charges.

I found out that someone got the number and actually made a card and used it.

The credit card companies should be using a pin system.

It would eliminated 90% of fraudulent charges.

But then they could not stick customers with late charges and penalties.

:-)

Andy

From: "Andy"

The fraudulent charges are being investigated.

They will first try to collect from the stores who accepted the charges.

I found out that someone got the number and actually made a card and used
it.

The credit card companies should be using a pin system.

It would eliminated 90% of fraudulent charges.

But then they could not stick customers with late charges and penalties.


Banks are in the process of issuing Bank versions of Smart Cards using PKI.
That means each card will have a unique Personal Security Certificate and
can be used in conjuction with a PIN at a POS Terminal. If you notice,
Brick & Mortar retailers have been replacing their POS Terminals with one
that not only can read a magnetic stripe but also have a Smart Card port to
read the chip on the card with a keypad to enter one's PIN.



--
Dave
Multi-AV Scanning Tool - http://multi-av.thespykiller.co.uk
http://www.pctipp.ch/downloads/dl/35905.asp

On Tuesday, January 19, 2016 at 1:16:05 PM UTC-6, David H. Lipman wrote:
From: "Andy"

The fraudulent charges are being investigated.

They will first try to collect from the stores who accepted the charges.

I found out that someone got the number and actually made a card and used
it.

The credit card companies should be using a pin system.

It would eliminated 90% of fraudulent charges.

But then they could not stick customers with late charges and penalties.


Banks are in the process of issuing Bank versions of Smart Cards using PKI.
That means each card will have a unique Personal Security Certificate and
can be used in conjuction with a PIN at a POS Terminal. If you notice,
Brick & Mortar retailers have been replacing their POS Terminals with one
that not only can read a magnetic stripe but also have a Smart Card port to
read the chip on the card with a keypad to enter one's PIN.



--
Dave
Multi-AV Scanning Tool - http://multi-av.thespykiller.co.uk
http://www.pctipp.ch/downloads/dl/35905.asp

Are you saying that Smart cards will REQUIRE a pin for ALL transactions ?

Andy

From: "Andy"

On Tuesday, January 19, 2016 at 1:16:05 PM UTC-6, David H. Lipman wrote:
From: "Andy"

The fraudulent charges are being investigated.

They will first try to collect from the stores who accepted the charges.

I found out that someone got the number and actually made a card and
used
it.

The credit card companies should be using a pin system.

It would eliminated 90% of fraudulent charges.

But then they could not stick customers with late charges and penalties.

Banks are in the process of issuing Bank versions of Smart Cards using
PKI.
That means each card will have a unique Personal Security Certificate and
can be used in conjuction with a PIN at a POS Terminal. If you notice,
Brick & Mortar retailers have been replacing their POS Terminals with one
that not only can read a magnetic stripe but also have a Smart Card port
to
read the chip on the card with a keypad to enter one's PIN.



Are you saying that Smart cards will REQUIRE a pin for ALL transactions ?


No. I am only stating that with Smart Credit Cards that is a possibility.
IAdoption and application will depend upn the retailer, the bank and other
factors.

--
Dave
Multi-AV Scanning Tool - http://multi-av.thespykiller.co.uk
http://www.pctipp.ch/downloads/dl/35905.asp