Friday, July 11, 2008

Tips of the Day

For many of us recent grads, credit cards are mysterious, sometimes good, sometimes evil, pieces of plastic.

The Consumerist
recently posted up a great article on "10 Things You Might Not Know About Your Credit Card." Some interesting points include the fact that a retailer can make you sign the back of your credit card (even if you wrote "check ID" on the back) or else not accept it at all.

My favorite point is something I had always heard, but never confirmed, regarding minimum credit card charges:

Merchants Cannot Require A Minimum Transaction Amount
It's a violation of the credit card company's merchant agreement to refuse a transaction because it is below the "minumum."

Hope this clears up any questions you had about your Visa!


sang said...

I'm confused. maybe I should read the article.. or maybe I'll just ask you to explain everything to me. My sis always gets mad at me because when ever I talk to those credit card people, I always end signing up for something. They're just too convincing.