1800flowers Dupes You Into Signing Up For "LiveWell" For $11.99 Per Month

1800flowers Dupes You Into Signing Up For "LiveWell" For $11.99 Per Month

After reader Vikram ordered flowers online from 1800flowers.com, he realized he was receiving a monthly charge from an obscure company called “LiveWell” for $11.99 per month. He did some quick research and found out that many others were being duped into this program. Yet nobody, not even 1800flowers seemed to know what it actually is. What should he do? His letter and our advice, inside…

Government Cracking Down On Anti-Consumer Credit Card Practices

Government Cracking Down On Anti-Consumer Credit Card Practices

In a surprising departure from the norm, the government is actually cracking down on some of the more egregious credit card practices. Usually they say that including more tiny print is sufficient enough consumer protection. Some things they’re addressing: creating a mandatory minimum payment period, forbidding double-cycle billing, and prohibited APR from being raised on an outstanding balance. The proposals are simply that, proposals, at this point, with finalization expected by year’s end, and we’ll see what happens after all the exceptions and industry lobbying groups get factored in the equation. The specific anti-consumer credit card practices getting attacked, inside…

Credit Card Class Action: Get More Money Back Using Your Digital Camera

Credit Card Class Action: Get More Money Back Using Your Digital Camera

If you traveled abroad anytime between February 1, 1996 and November 8, 2006, your credit card company probably owes you money, but how much? Under a class action suing credit card companies for double-dipping on foreign transaction fees, the best bet for getting your the money, if you don’t have detailed records of all your foreign transactions, is making an estimate based on how many days you were out of the country. One good way for shutterbugs to figure this out, says Delicious Baby, is to look through your vacation/travel photos on your computer. Most likely, they have digital timestamps you can use to figure out how long you were away. Now figuring out your refund is as easy and fun as going through your old photos. The due date for filing claims at ccfsettlement.com is May 30th.

Revenues From Bank Fees Up 41% Over Last 4 Years

Revenues From Bank Fees Up 41% Over Last 4 Years

LowCards.com points out that fees are a huge source of revenue for credit card companies these days—they’ve gone from $12.8 billion in 2003 to $18.1 billion in 2007, an increase of 41% in 4 years.

Capital One All Hassle Credit Card

Capital One All Hassle Credit Card

How hard should you have to work to pay your bills? No, not to make enough money to pay your bills, but to actually give your money to someone else? Reader Matt has been trying to convince Capital One to take his money for several months now. They’re not taking his money, or his calls, but they are willing to send him to collections! Check out his story, inside.

More Info On The $9.87 Credit Card Scam

More Info On The $9.87 Credit Card Scam

MGD at dslreports read our post last night about Prophotosland.com and its fraudulent charge to reader Megan’s credit card. He’s been following the scammers—”an organized crime syndicate operated from Eastern Europe”—for nearly three years now, and has a ton of highly valuable information on them, including their recent targeting of military personnel stationed overseas. Bottom line: cancel your credit card, Megan, because they’ve got access to it now—and report the charge as fraudulent rather than dispute it.

Prices For Stolen Credit Card Numbers Fall

Prices For Stolen Credit Card Numbers Fall

The price for stolen credit card numbers is…

Watch Out For $9.87 Credit Card Scam From Prophotosland.com

Watch Out For $9.87 Credit Card Scam From Prophotosland.com

A reader named Megan noticed an unfamiliar charge for $9.87 from prophotosland.com on her WaMu credit card statement, so she began to investigate it.

Class Action Against Credit Card Companies Conspiring To Make Us All Accept Mandatory Arbitration Revived

Class Action Against Credit Card Companies Conspiring To Make Us All Accept Mandatory Arbitration Revived

Ross vs Bank of America is a class action suit…

Writing "Ask For ID" On Your Credit Card Won't Stop Fraud, But It's Still A Good Idea

Writing "Ask For ID" On Your Credit Card Won't Stop Fraud, But It's Still A Good Idea

Writing “Ask For ID” on the back of your credit card isn’t an unimpeachable guarantee of security, but it could be the last line of defense between you and a fraudulent charge. Invoking perilously flawed logic, the Boston Globe argues: “the cardholder gains nothing by not signing the card or writing in ‘See ID’ on the signature panel.” Let’s dismantle this nonsense piece by piece.

http://consumerist.com/2008/04/25/american-express-profits-fell-6/

American Express’ profits fell 6% as more Americans defaulted on their credit card debts. [NYT]

4 Hints For Getting Your Ticket Money Back When The Airline Goes Bankrupt

4 Hints For Getting Your Ticket Money Back When The Airline Goes Bankrupt

We got passed a communique from the Fiserv debit-card processing company to its clients that offers some insights for consumers concerned about getting their money back if they have bought tickets on an airline that has gone bankrupt (as several have recently). Here’s the takeaways:

  • Chargebacks can be filed on all tickets, whether they were purchased directly from the airline or from a third-party
  • You don’t have to take a replacement flight offered by another carrier if you don’t want to
  • You have 120 days from the date of expected travel to file a chargeback
  • Depending on merchant policy, travel insurance may be transferable or redeemable

(Thanks to mac-phisto!)

10 Ways To Save Real Money

10 Ways To Save Real Money

The champagne is dry and crusty, and all the hundred-dollar bills used to light cigars have crumbled into ash. It’s time to tighten our belts and get real about spending less and saving more. Here’s 10 ways to save some serious cash…

AT&T And Others Make You Pay For The Privilege Of Paying Your Bill

AT&T And Others Make You Pay For The Privilege Of Paying Your Bill

IHOP Threatens To Call The Police Because You Refuse To Show ID With Credit Card

IHOP Threatens To Call The Police Because You Refuse To Show ID With Credit Card

I went to IHOP(INTERNATIONAL HOUSE OF PANCAKES) on March 30th with my wife to eat. After our meal I went to the counter to pay and presented my Visa as payment. I was asked for photo ID, and kindly declined. I was then told that they were not going to be able to accept my card without photo ID.

5 Credit Card Scams To Beware

5 Credit Card Scams To Beware

Completely fictional companies pass these charges onto people’s credit card bills and bank accounts and cellphone bills. The processing companies just pass them on and it’s up to consumers to monitor their bills and dispute the charges. So the fake company is just very nice about canceling all the charges from the people who complain, and then they rake in from all the people who don’t check their bills close enough.5. “Cramming”
Completely fictional companies pass these charges onto people’s credit card bills and bank accounts and cellphone bills. The processing companies just pass them on and it’s up to consumers to monitor their bills and dispute the charges. So the fake company is just very nice about canceling all the charges from the people who complain, and then they rake in from all the people who don’t check their bills close enough. [More]

Postal Worker Steals Your New Credit Cards, Goes On Shopping Spree

Postal Worker Steals Your New Credit Cards, Goes On Shopping Spree

Police have arrested Paul Hank, a distribution clerk at the Smithtown, NY post office, after he stole credit cards from the mail and went on a shopping spree, says Newsday

Man Sentenced For $3.6 Million Credit Card Fraud

Man Sentenced For $3.6 Million Credit Card Fraud

A Californian named Andrew Michael (not pictured at left) was sentenced to four years in federal prison last week for scamming Citibank and credit card companies by fraudulently applying for an $8.5 million commercial line of credit—some $2 million of which he spent on personal goods for himself, including “170 troy ounces of silver, 479 tubes of gold flakes, [and] a Rolex watch.”