Tuesday, August 23, 2016

Credit Card Fraud Accommodation

If the credit card you use for auto-payments is compromised, you know what a headache you are in for in having to alert all the respective merchants of your new credit card number. Here are some tips:

1. While you're credit card company will tell you that "known" auto-payments will pass through to the new card automatically for a few months, do NOT rely on that. Some might, others might not. So, it is advisable to make the manual changes (online or by phone) as immediately as possible.

2. If your credit card is not an airline frequent flier card, if you ask nicely for an accommodation to continue using that card for your auto-pays instead of switching to a different, and suggest that waiver of the annual fee would be an appropriate accommodation, there's a good chance you will get it.

3. If your credit card is an airline frequent flier card, if you ask nicely for an accommodation to continue using that card for your auto-pays instead of switching to a different, and suggest that waiver of the annual fee would be an appropriate accommodation, there's a good chance you will not get it. But, if you continue to press your request, there's a good chance you will get 5,000 frequent flier miles added to your account, which is about the value (for SWA) of the annual fee.

[Note: Your chances of getting an accommodation go up if this is the second or third compromise circumstance you've encountered in the past year]

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