I have a checking account at Bank of America and a Check Card with a Visa sign on it. Will I be able to use it for internet orders? Do I just select Visa and put in that number and my exp date and it'll work just fine?
Can I use my check card for internet orders?
- Thread starter Kelvrick
- Start date
Not sure, but it's not a good idea. If someone got your number, all the $ in your acct will be gone very fast. I don't think debit cards have the same protection as credit cards. You are only responsible for $50 of fraud in CC but you'll lose all in DC.
Yes, it will work exactly like a regular Visa, but without the purchase protection.
I've used mine many, many times & only run into trouble once (some dumbsh!ts in Russia tried to charge me for some telecommunications crap, had my card cancelled & got a new one - net damage to me $0.00).
Viper GTS
I've used mine many, many times & only run into trouble once (some dumbsh!ts in Russia tried to charge me for some telecommunications crap, had my card cancelled & got a new one - net damage to me $0.00).
Viper GTS
I know what you're thinking fastz28. I check my account online almost every day so I'd be able to report it fairly quickly. The bank would be on my side right? They won't give me the run around?
Cool, Viper GTS. I got like a buck in there right now and a bunch of cash on me and I want those Altec Lansing ATP3's from compgeeks.com.
Cool, Viper GTS. I got like a buck in there right now and a bunch of cash on me and I want those Altec Lansing ATP3's from compgeeks.com.
I just turned 18 last thursday and I don't have a credit card. I figure i'll get a bunch of those applications once I move into my college dorms, but I dun wanna wait that long to start buying stuff for my dorm room.
Know a site where I can aply for a 500 dollar credit card right now?
Also, can you explain the interest thing to me? If I write em a check for however much i spent at the end of the month, there aint no interest right? Just what I spent?
Know a site where I can aply for a 500 dollar credit card right now?
Also, can you explain the interest thing to me? If I write em a check for however much i spent at the end of the month, there aint no interest right? Just what I spent?
Cool, Viper GTS. I got like a buck in there right now and a bunch of cash on me and I want those Altec Lansing ATP3's from compgeeks.com.
If you don't have money in your bank account, you can't use the card. It will get rejected, or (worse) it could overdraft the account. It functions like a credit card up to a point, you have to have money in the account to use it.
Also, can you explain the interest thing to me? If I write em a check for however much i spent at the end of the month, there aint no interest right? Just what I spent?
Not necessarily. Crappy cards may have no grace period, & you'll pay interest from the day you buy the item.
Viper GTS
If you don't have money in your bank account, you can't use the card. It will get rejected, or (worse) it could overdraft the account. It functions like a credit card up to a point, you have to have money in the account to use it.
Also, can you explain the interest thing to me? If I write em a check for however much i spent at the end of the month, there aint no interest right? Just what I spent?
Not necessarily. Crappy cards may have no grace period, & you'll pay interest from the day you buy the item.
Viper GTS
<< Also, can you explain the interest thing to me? If I write em a check for however much i spent at the end of the month, there aint no interest right? Just what I spent? >>
There is a grace period, usually 25 days. If you send your balance due in before the due date, there is no interest.
kranky
Elite Member
- Oct 9, 1999
- 21,020
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As long as the credit card you get has a grace period for new purchases (that will be in the fine print with the credit card application), if you pay your entire balance by the due date there's no interest. Keep in mind that you should get your check there at least 5 days early to avoid any funny business by the CC company sitting on your payment until it's late.
RossMAN
Grand Nagus
- Feb 24, 2000
- 79,089
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I have a checking account at Bank of America and a Check Card with a Visa sign on it. Will I be able to use it for internet orders? Do I just select Visa and put in that number and my exp date and it'll work just fine?
Correct.
Not sure, but it's not a good idea. If someone got your number, all the $ in your acct will be gone very fast. I don't think debit cards have the same protection as credit cards. You are only responsible for $50 of fraud in CC but you'll lose all in DC.
This is weird. I (unfortunately) hold an account with Bank of America so I called them asking your question. As long as you have a Bank of America checking account and are using a Versatel Check Card with the VISA logo you are 100% protected against fraudulent activity. I asked her "but isn't the card holder at least responsible for the first $50?" she replied "no, not with this card and the VISA logo". I'm not sure about other Bank of America cards or the MasterCard logo. Maybe she didn't know what she was talking about, is new, was just guessing or maybe it's true. It's still a good rule of thumb to be safe and only use a credit card not debit card for internet transactions.
Before the Russian hackers stole my info from Egghead.com I would use my debit card online with almost every transaction which is really stupid now that I think about it. They got my cc but I reported that debit card lost/stolen and was assigned a new number. After that Russian hacker scare I only use my CitiBank VISA on ALL internet transactions. If I don't have the money, I wait until I have it.
I just turned 18 last thursday and I don't have a credit card. I figure i'll get a bunch of those applications once I move into my college dorms, but I dun wanna wait that long to start buying stuff for my dorm room.
You'll probably be declined due to no prior credit history unless you apply for a secure credit card or have a co-signer.
Know a site where I can aply for a 500 dollar credit card right now?
There are several credit cards listed and reviewed on Gomez.com. Personally I prefer CitiBank for several reasons, they're one of the largest credit card issuers in the world, their customer service isn't excellent but I've had no problems with them, their online internet banking is very nice, and I signed up for their Citi Dividend Platinum Select VISA which has no annual fee, a decent rate of 15.9% and best of gives me back 1% of everything I charge. So far I have earned close to $100 free through this rewards program.
Also, can you explain the interest thing to me? If I write em a check for however much i spent at the end of the month, there aint no interest right? Just what I spent?
Correct. Write your credit card company a check and they must receive it by the due date or before as shown on your statement and you only pay the amount due with no interest charges. So if you charged $480.90, your due date is 9/24/01 and you mail a check for $480.90 which is received 9/22/01 then you owe 0.00 interest.
Who needs Google when you have AnandTech!
Correct.
Not sure, but it's not a good idea. If someone got your number, all the $ in your acct will be gone very fast. I don't think debit cards have the same protection as credit cards. You are only responsible for $50 of fraud in CC but you'll lose all in DC.
This is weird. I (unfortunately) hold an account with Bank of America so I called them asking your question. As long as you have a Bank of America checking account and are using a Versatel Check Card with the VISA logo you are 100% protected against fraudulent activity. I asked her "but isn't the card holder at least responsible for the first $50?" she replied "no, not with this card and the VISA logo". I'm not sure about other Bank of America cards or the MasterCard logo. Maybe she didn't know what she was talking about, is new, was just guessing or maybe it's true. It's still a good rule of thumb to be safe and only use a credit card not debit card for internet transactions.
Before the Russian hackers stole my info from Egghead.com I would use my debit card online with almost every transaction which is really stupid now that I think about it. They got my cc but I reported that debit card lost/stolen and was assigned a new number. After that Russian hacker scare I only use my CitiBank VISA on ALL internet transactions. If I don't have the money, I wait until I have it.
I just turned 18 last thursday and I don't have a credit card. I figure i'll get a bunch of those applications once I move into my college dorms, but I dun wanna wait that long to start buying stuff for my dorm room.
You'll probably be declined due to no prior credit history unless you apply for a secure credit card or have a co-signer.
Know a site where I can aply for a 500 dollar credit card right now?
There are several credit cards listed and reviewed on Gomez.com. Personally I prefer CitiBank for several reasons, they're one of the largest credit card issuers in the world, their customer service isn't excellent but I've had no problems with them, their online internet banking is very nice, and I signed up for their Citi Dividend Platinum Select VISA which has no annual fee, a decent rate of 15.9% and best of gives me back 1% of everything I charge. So far I have earned close to $100 free through this rewards program.
Also, can you explain the interest thing to me? If I write em a check for however much i spent at the end of the month, there aint no interest right? Just what I spent?
Correct. Write your credit card company a check and they must receive it by the due date or before as shown on your statement and you only pay the amount due with no interest charges. So if you charged $480.90, your due date is 9/24/01 and you mail a check for $480.90 which is received 9/22/01 then you owe 0.00 interest.
Who needs Google when you have AnandTech!
Thanks a lot RossMAN. I'm applying for the citbank one right now. The Citi platinum Select card for college. It says no cosigner needed, so who knows?
Whoops, can't apply yet. I haven't set up my phone account yet so I can't enter that in. Oh well, I ordered the ATP3's already.
Plus, according to you, RossMAN, i won't be responsible for idiots who jack my number.
Plus, according to you, RossMAN, i won't be responsible for idiots who jack my number.
RossMAN
Grand Nagus
- Feb 24, 2000
- 79,089
- 457
- 136
Thanks a lot RossMAN. I'm applying for the citbank one right now. The Citi platinum Select card for college. It says no cosigner needed, so who knows?
You're right, who knows. Maybe they'll approve you with a small starter limit which would be awesome. That's what happened to me, I was 18 at college and CitiBank reps were there handing out applications like crazy. Even though I had no previous credit history and only a part time job I applied and was approved for a small $300 limit. 9 years later my limit has grown a little
A co-signer such as a parent, family member, friend or co-worker who has established credit would probably vastly improve your chances of being approved. Maybe they'll give you a conditional approval and offer you a secured credit card? Actually if you see a secured credit card offered on CitiBank's website I would apply for that one instead because your chances of being approved are a lot better. They start out at $500 I think, you mail them a check for $500 or more (if you mail $750 that's what your limit is), they cash it and keep your money it earns interest and your money is safe. If you ever stop paying on your credit card and your account goes to collections they simply take your money from that check, so they face zero loss. It's a win-win situation. So if CitiBank offers a secured credit card, I'd go for that one instead.
Whoops, can't apply yet. I haven't set up my phone account yet so I can't enter that in. Oh well, I ordered the ATP3's already.
Plus, according to you, RossMAN, i won't be responsible for idiots who jack my number.
Actually this is according to the Bank of America rep I spoke with, not according to me.
Good luck.
You're right, who knows. Maybe they'll approve you with a small starter limit which would be awesome. That's what happened to me, I was 18 at college and CitiBank reps were there handing out applications like crazy. Even though I had no previous credit history and only a part time job I applied and was approved for a small $300 limit. 9 years later my limit has grown a little
A co-signer such as a parent, family member, friend or co-worker who has established credit would probably vastly improve your chances of being approved. Maybe they'll give you a conditional approval and offer you a secured credit card? Actually if you see a secured credit card offered on CitiBank's website I would apply for that one instead because your chances of being approved are a lot better. They start out at $500 I think, you mail them a check for $500 or more (if you mail $750 that's what your limit is), they cash it and keep your money it earns interest and your money is safe. If you ever stop paying on your credit card and your account goes to collections they simply take your money from that check, so they face zero loss. It's a win-win situation. So if CitiBank offers a secured credit card, I'd go for that one instead.
Whoops, can't apply yet. I haven't set up my phone account yet so I can't enter that in. Oh well, I ordered the ATP3's already.
Plus, according to you, RossMAN, i won't be responsible for idiots who jack my number.
Actually this is according to the Bank of America rep I spoke with, not according to me.
Good luck.
Yes, you have the same protection with a BoA check card as a regular credit card. I was told this on several occasions. Just today, I got a call from BoA's fraud protection dept, because I had placed about 6 orders yesterday totalling about $600 and they wanted to make sure the transactions were legit.
RossMAN
Grand Nagus
- Feb 24, 2000
- 79,089
- 457
- 136
Just today, I got a call from BoA's fraud protection dept, because I had placed about 6 orders yesterday totalling about $600 and they wanted to make sure the transactions were legit.
Even though this can be a pain in the ass when you're shopping online or at the mall I appreciate this peace of mind. Last month just before leaving to Australia I bought like $300 of stuff from 4 different stores. The fourth store said my cc wasn't being approved, so they called CitiBank and got their fraud prevention area, they handed the phone to me and we played "21 questions" I told them, "I'm in a REALLY BIG F'IN HURRY MY PLANE LEAVES IN 3 HOURS so just ask the questions and I'll answer the questions and you will re-activate my card, got it? Good."
Thus I learned the virtues of packing the night before, it saves a lot of head ache and stress!
Even though this can be a pain in the ass when you're shopping online or at the mall I appreciate this peace of mind. Last month just before leaving to Australia I bought like $300 of stuff from 4 different stores. The fourth store said my cc wasn't being approved, so they called CitiBank and got their fraud prevention area, they handed the phone to me and we played "21 questions" I told them, "I'm in a REALLY BIG F'IN HURRY MY PLANE LEAVES IN 3 HOURS so just ask the questions and I'll answer the questions and you will re-activate my card, got it? Good."
Thus I learned the virtues of packing the night before, it saves a lot of head ache and stress!
Check cards don't have the same protection as regular credit cards by law but many banks treat them the same. Some banks do not - my brother had his stolen while on vacation and got wiped out. My bank treats them as regular cards - I've disputed charges, etc., without problems.
Take it from someone who got his check card number stolen, while the bank may offer protection, until they credit back the amount stolen from you, checks could be bouncing all over the place.
RossMAN
Grand Nagus
- Feb 24, 2000
- 79,089
- 457
- 136
Take it from someone who got his check card number stolen, while the bank may offer protection, until they credit back the amount stolen from you, checks could be bouncing all over the place.
That's what I keep warning people about. Yes your bank may not hold you liable for fraudulent charges but they aren't going to credit you back the amount in question immediately ... So if you have your rent, car payment, car insurance, utility checks waiting to be cleared they will all bounce and chances are you will be responsible for NSF fees from both your bank and the receiver of the check. Why play Russian roulette with your debit card number? Just use a credit card and avoid all the potential hassle.
That's what I keep warning people about. Yes your bank may not hold you liable for fraudulent charges but they aren't going to credit you back the amount in question immediately ... So if you have your rent, car payment, car insurance, utility checks waiting to be cleared they will all bounce and chances are you will be responsible for NSF fees from both your bank and the receiver of the check. Why play Russian roulette with your debit card number? Just use a credit card and avoid all the potential hassle.
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