DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - interesting conversation i just had with CC company per PMs

**gechaheritt** · 05-17-2012, 03:30 PM

Its always nice when your financial instituion decides when and how you can use your credit.

About a month ago or so, i tried to make a decent size purchase using my debit. Well the company didnt do debit, ONLY credit. So i had them run my debit card (With Visa logo) as a credit purchase, and then i would just send the cash in to my CC. Well, i got the same thing Chad did, "This is a large purchase, and we dont recognize the business, so this is a RED FLAG".

They literally stopped my purchase becasue the company wasnt in their 'good company list'.

When i called my credit union it got interesting. They told me that they had NOTHING to do with the decision and that it was all Visa. When i told them i didnt consent to that, she was quite flumoxed. I told her i wanted to remove it from my account, but she told me that Visa makes the policies, not them. I told them that i got a debit card TO USE MY OWN MONEY, and they were the one's who put a 'Visa' logo on it.

She then told me that i could either cancel the card, or live with it. Even though it is my DEBIT CARD, i am forced to deal with Visa at every turn.

Lesson learned: Just go without if you are forced to use your CC in place of your debit.

(I was going to run my CC and then instantly transfer the money from my checking to the cc. So in my eyes, it wasnt a credit purchse. They wouldnt have gotten 2 minutes worth of interest from me)

Here is the kicker: My Credit Union sent me a letter last week telling me they are lowering my CC interest rate down over 3%.

Really?

05-17-2012, 03:30 PM	#5
gechaheritt Join Date Oct 2005 Posts 450 Senior Member	Its always nice when your financial instituion decides when and how you can use your credit. About a month ago or so, i tried to make a decent size purchase using my debit. Well the company didnt do debit, ONLY credit. So i had them run my debit card (With Visa logo) as a credit purchase, and then i would just send the cash in to my CC. Well, i got the same thing Chad did, "This is a large purchase, and we dont recognize the business, so this is a RED FLAG". They literally stopped my purchase becasue the company wasnt in their 'good company list'. When i called my credit union it got interesting. They told me that they had NOTHING to do with the decision and that it was all Visa. When i told them i didnt consent to that, she was quite flumoxed. I told her i wanted to remove it from my account, but she told me that Visa makes the policies, not them. I told them that i got a debit card TO USE MY OWN MONEY, and they were the one's who put a 'Visa' logo on it. She then told me that i could either cancel the card, or live with it. Even though it is my DEBIT CARD, i am forced to deal with Visa at every turn. Lesson learned: Just go without if you are forced to use your CC in place of your debit. (I was going to run my CC and then instantly transfer the money from my checking to the cc. So in my eyes, it wasnt a credit purchse. They wouldnt have gotten 2 minutes worth of interest from me) Here is the kicker: My Credit Union sent me a letter last week telling me they are lowering my CC interest rate down over 3%. Really?
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