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March 17, 2008

Credit Card Companies "Looking Out For Me"

I finally gave up trying to nurse my machine along, and put together a $600 shopping list of new parts (motherboard, CPU, RAM, video card, guided by the ArsTechnica System Guide). I placed the order with NewEgg this morning, and a couple hours later got an email from them saying that the credit card authorization was declined.

I called the issuing bank and got the classic "our anti-fraud system declined the authorization, 'cause we're looking out for you" line of bullshit. Apparently BofA (the issuer of my Alaska card) figures I don't know that Federal Law limits my liability for unauthorized charges to $50 (zero, if I've reported the card stolen prior to the use).

Looking out for me? Not hardly.

Posted by dberger at March 17, 2008 10:44 AM