
![]()
On The Money Latest Credit, Debt & Bills Posts
- Q&A: Should I Consider Debt Settlement to Pay Down My Credit Card Debt?
- Credit Reporting Industry’s Decision on Loan Modifications Boxes in Consumers
- Can I Avoid "Balance Chasing" When Paying Off A Credit Card?
- Examining Michael Jackson’s Personal Finances
- $23 Quadrillion Cigarettes Burn Me Up
- Q&A: The Generation Y "Debt Trap"
- Credit Scores: The Real Deal?
- Q&A: Old Delinquent Accounts Appear on my Credit Report. Is that Fair?
- Carmen: 5 Credit Score Rules and Truths
- Q&A: Should I Buy In To Debt Relief Agencies?
On The Money Latest Posts
$23 Quadrillion Cigarettes Burn Me Up
On The Money Host
Debit cards and me, definitely not BFFs. So the story of the quadrillion-dollar pack of cigs has me a tad smug, as much as continually amazed at just how crazy debit cards can be.
I’m not taken aback so much by the mathematical error, which is bound to happen at some point—though to this extent, pretty amazing. I’m set off by the TWO HOURS it took the poor gent with the expensive smoking habit to get this whackadoodle charge off of his account.
Two hours of his life when he could have been earning money or enjoying his friends, family or more smokes (I hope not). Instead he wasted that time on the phone explaining how this charge really wasn’t right.
Even better, the bank referred him to the little boxed-logo on the lower right of your cards that says VISA. Then VISA referred him back to the bank. Now really, if your bank can’t wipe off in 30 seconds a debit charge bigger than our national debt, TARP and a few trips to the moon combined, why be friends?
If he had swiped a credit card instead, the gas station would have been more likely to get an old-fashioned response: “Declined.”
_________
Watch Related Video:
$23 Quadrillion Question Remains Unanswered (Youtube)


