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OT Do you....

D

Dave H (MI)

Well-known Member
...read your credit card statements? I go thru mine every month and make sure all the charges are correct and that any returns I made were credited. Just wondering, because of the post over on tool talk about Sirius radio. Fella says he sold his truck and two years later Sirius called and asked for an updated credit card. Turns out he had paid every month for two years and did not catch it. Putting aside the bad customer service he was getting in our new "service economy", seems like he woulda, shoulda noticed. Is everyone just trusting the world to do the right thing or are you keeping an eye on it?
 
I glance at it line by line to make sure I was the guy who made the charge, but I don't verify the $$ amount.

On restaurant bills I always make the tip such that the total ends in $xxx.99 If I see the .99 I assume the total is OK
 
wife checks ours every month. If there's something she doesn't recognize, she asks me. Sometimes it's hard to tell from the "payee" on the CC statement who we bought from, especially with online purchases from a new company. Usually the date and amount will trigger the memory: "oh yeah, that was the widget I needed to fix the thingamabob".
 
Rick, I admire that. I don't think that most people realize that using a card gives about 3% of every transaction made to a bank that won't give back even 1% on savings accounts. People should use cash as often as possible or risk losing the choice down the road. Just hard to do when I buy on line.
 
I use plastic for everything- get several hundred $$ in cash back every year. If you travel, you have to have a card (ever try to rent a car without a card? The guy will just yell over his shoulder "Security!" and thank you for stopping by). Ditto hotel room reservation, airline ticket, anything over the internet, etc.

So if I have to have a card anyhow, why not utilize it to my advantage? BTW, the interest rates are horrendous if you don't pay in full every month, and that's what the card companies are banking on (pun intended). I understand in the trade, they refer to us who pay in full every month as "deadbeats".

And we do check our statements every month. Somebody said they always make the tip on restaurant bill such that total ends up XX.99. I think that's a great idea. But I'm sure Mrs.(WA) wouldn't bother with the math, so I guess it won't work for us.
 

Yes, but I don't get paper anymore. I look at the account several times a month, if we've used it, on the bank website. Don't use it too often, but have the satellite internet automatically charged to the account each month.
 
I haven't had a credit card for about 20 or more years but my wife and I each have a debit card on our checking account. My wife and/or I access our checking account on line nearly every day to insure that no unauthorized charges appear on it.

So far, we haven't had any problems.

Tom in TN
 
I check mine at least once a week on line. Just to make sure there is no funny business. I pay everything with credit card and pay the balance every month.
 
I check mine each month--match my receipts to the bill and staple them to it. That fellow should have notified Sirus to cancel the service--how should they have known he no longer had the truck?

The Sirus incident is IMHO a down side to having companies make/take your payments for you. I also think, again IMHO, that it is a down side of not receiving paper statements--email or online monthly statements are easily overlooked with all the other crap or get caught in spam folders. I bet if Sirus had sent him paper statements each month and he had to take some kind of action to pay them he wouldn't have forgotten it but a month max.

Only you are responsible for checking your financial dealings. It's a sorry state of people today that anyone would expect someone else to do so.
 
My wife checks all the charges against the receipts every month when we get the statements. She also calls once a week and checks the outstanding balance to see if someone has made charges to the account.

My nephew used a credit card at a local gas station, with a young kid as the attendent. By the time that he drove 20 miles home, the credit card company was calling him as they were getting charges to his number from several places around world. CC reversed all the charges, cleaned up his account and issued him a new card with a new number. Don't know what happened to the young kid though.
 
I check mine 2 or 3 times a month online. Seen a couple of charges that took a few minutes to figure out, but it's always been right.
 
Yes, I keep and match up all receipts with statement every time.

Lately, I notice a lot of cashiers ask if I want my credit card receipt. I say by all means ! Can't imagine why anyone would not want ?

Probably same type of cashier that when I go thru fast food drive up window. Give them say $5 for a $4.84 purchase and they put $5 in drawer and wait for me to drive on. I set there and finally say I want my change as that is my Grandkids College Fund !
 

I categorize and tag every charge in my bill when I enter the bill on quicken every month. I also check my charges on the card's website several times a month. I will sometimes check my bill on my card's website with my smartphone right after the purchase if I suspect some sneaky extra charges might be added. We treat a credit card like cash on hand. If we don't feel we have the finances to pay the card bill at the end of the month we don't use the card.
 
Early Saturday mornings, I look up my credit cards online, see what we've used them for, and pay what we've put on them that week.

So I get the rewards, pay no interest, and can see if my card's been hijacked.

Been working for me.

Fred
 
I check every statement, and that includes "store credit" cards too. Never found a problem, but I'm not that trusting.
 
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