- Unsigned cards are not valid and merchants can and will refuse them
- The maximum liability for unauthorized use of a credit card (not Debit/ATM cards) is US$50 according to federal law
- Merchants cannot require you to present ID, unless your card is unsigned
- Merchants cannot require a minimum transaction amount
- Merchants cannot charge a surcharge for using a credit card, however, they can offer a cash discount
- Many credit cards have programs that will automatically double the manufacturer's warranty and other excellent benefits
- Merchants are not allowed to make you give up your right to a chargeback
- Merchants are not allowed to place a hold for the estimated tip
- If merchants suspect you of fraud they are supposed to call with a "Code 10"
- If merchants break these rules, you can report them to the credit card company
Thursday, July 10
credit card trivia
So I've only been using credit cards for what - 30 years? I thought I knew everything, but found a few gems I didn't know on consumerist.com:
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1 comment:
I've known about the no minimum for, oh, about 12 years and it drives me batshitcrazy when some stupid merchant won't take my card if it's a low-dollar amount.
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