Credit and debit cards can be very useful in everyday life, but we must take care that they do not end up causing problems. Data from 2008 indicated numerous customer complaints from these cards about improper charges on their invoices.
Although magnetic cards use the best security technologies that exist, consumers are still at risk of counterfeiters and fraudsters with various mechanisms. Some precautions must be taken for user safety.
Credit and Debit Card Differences
The difference between credit and debit card is how you use money. The debit card to be used must have an account balance when making the purchase. You will pass the card and enter the password where the purchase amount will be immediately debited from your bank account. This balance may include overdraft credit limits, for example, but if you have no account balance the amount will not be debited and you will not be able to make the purchase.
The credit card allows the user to use money they do not already have due to a pre approved credit line including interest, annuity and fees so that the card can be used. It is possible for you to have credit and debit lines on the same card.
Tips on how to avoid problems
If you leave the house and are not using your card, leave it at home. The use of the card is personal and non-transferable, do not write down the password next to the card or pass it on to anyone. Should a robbery or theft occur and the password is included with the card, this will make it easier to misuse, and may have consequences for the cardholder.
Avoid shopping at unfamiliar stores and establishments using the card. At the time of billing never take your machine out of sight and do not allow the attendant to leave your sight with your card in hand.
While taking all necessary precautions with your credit and debit card, if you notice an improper charge, you should contact your card administrator immediately and dispute the request or request the chargeback. If you still cannot resolve the issue, contact your local Consumer Protection Agency to file the complaint.
If your case is not yet resolved, file an Occurrence Report that should contain the information of the time of theft, theft or loss and the time of the occurrence. Contact a lawyer you trust, then your problem will be easily solved for sure.
When shopping on trips abroad, or on sites that are with your domain outside your country, be aware that the value of purchases and withdrawals will be converted to the US dollar, but will be charged on the invoice in reais. This conversion rate from dollar to real will be according to the date set in the contract, beware.