- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
Matt314, your experience sounds very similar to that of a friend of mine who recently had her identity stolen. The cost of fraud is built into the system, so the CC companies don't care. No one was killed, so the cops don't care. And even if someone were...
It's a shame that these things happen, and I would be just as angry for the same reasons as you. If CCs didn't offer zero-liability protection for things like this, far fewer people would rely as heavily on credit cards.
It sounds to me like what you experienced was identity theft. I think it's important to point out that identity theft and credit card fraud are different things, although many news stories on the general topic call everything identity theft because it's more sensational.
Identity theft is when someone assumes someone else's identity to acquire credit, medical services, etc. Credit card fraud is when someone uses a stolen card or stolen/harshed number of someone's existing account; they aren't assuming that person's identity, only accessing a line of credit that is not theirs.
I see these terms used interchangeably quite often. Both are crimes deserving punishment, but identity theft has much more serious consequences for the victim. If identity theft is to ever get the attention it deserves from law enforcement, instances of same need to be reported accurately by the news media.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.