Discussion in 'Banking - Investing - Finances' started by marc.oz, May 12, 2016.
Okay thanks, I always thought VISA/ MASTERCARD etc were the 'names' of the Cards of each company (as in two separate companies who supplied Credit Cards) I have had Credit Cards before but never had a Debit Card (unless that is the name of the Card supplied by your local Bank to withdraw from ATM's?) I just used them (Credit Cards supplied by Financial institutions) but thankfully now no longer possess one!
Credit cards are useful if controlled properly, Plastic money (as we call it) is a very important thing in life today BUT and I say But YOU have to Control the Spending
Or control who holds it, made that mistake when I put another's name on my card years ago, before I knew it, she had increased the initial limit of $2,500 to $5,000 then gained another 3x Cards totaling $20,000 without me even knowing it! I did not realise by adding a name to YOUR Card gave them unchallenged control over it... I DO NOW!
Say no More matey