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  1. What credit card or debit card companies allow for you to set a maximum swipe charge? So that when the limit is above, it either denies it, or texts you for approval. I am not looking for advice on phishing/skimming avoidance.

  2. When credit card companies are part of a bank, can they see how much is in your accounts? I'm with 3 banks. Obviously when you're on the phone about your debit card, and want to talk about your credit card, they switch to different phone numbers, making me think the credit card companies are essentially function like completely different companies. But when you 1st open the cc, are they not given how much are in your savings/checkings? Thanks.

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  • No, I'm aware of work-arounds. Either way, the criminals get the win. Commented Jul 28, 2023 at 14:34
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    This reads more like a rant than a question... What's the problem you're trying to solve?
    – 0xFEE1DEAD
    Commented Jul 28, 2023 at 14:46
  • Product recommendations are off-topic. In any case, this looks a lot like a hypothetical or XY problem. Millions of people use credit cards on a daily basis, without (major) issues...
    – 0xFEE1DEAD
    Commented Jul 28, 2023 at 15:21

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Credit cards are generally run by separate companies even when marketed/branded by a bank. If you look carefully, you will usually find that "The Foobash Card", rather than actually being owned by Foobash Savings And Trust is a co-marketing arrangement with someone who specializes in credit card processing (another bank or service). My credit union Visa card, for example, had the credit union's name on it but was one of many operated by a company called (I kid you not) something like Card Handling Services.

Many credit cards will let you request alerts in charges over a certain size, or when a charge puts you close to your limit. If are concerned about skimming, this gives you a better chance to catch large charges immediately. You can report the fraud and have those charges cancelled, of course, but you will probably want to have a new card issued so that account is going to be unavailable to you for a little while.. which is one reason for carrying a second credit card even if you rarely use it.

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    @NealConroy - How does flagging a charge as fraudulent "make you look bad"? To whom do you think it makes you look bad? Commented Jul 28, 2023 at 14:41
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    @NealConroy I've had to have transactions marked as fraudulent and cards replaced before, and that's never impacted me negatively. I still have cards with the same bank(s) - they didn't kick me off or lower my limit or anything like that. Re: refunds, the CC company would be the one refunding your account (review your CC terms of service for info regarding your and your CC company's responsibilities when fraudulent transactions occur).
    – Stan H
    Commented Jul 28, 2023 at 14:46
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    @NealConroy the FDIC insures deposits (up to 250k/depositor, per bank, per ownership category), as the name implies. It has nothing to do with credit cards.
    – 0xFEE1DEAD
    Commented Jul 28, 2023 at 14:50
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    @NealConroy - If you managed to have a fraudulent charge on your card every month, even if it was $1, the credit card company would certainly have reason to believe that you weren't being appropriately security conscious and might decide to close your account. If you're being reasonably cautious and still getting fraudulent transactions every couple years, which is reasonably normal, they're not going to care about the amount of the fraudulent transaction (or, more accurately, they rely on their anti-fraud systems to detect fraud and apply different rules depending on the potential loss). Commented Jul 28, 2023 at 15:08
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    @NealConroy - I guess we have different definitions of "meaningless". "I get my money back and have no negative consequences" seems pretty meaningful to me. Commented Jul 28, 2023 at 15:52
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Individual transaction limits is probably not something they've implemented because it's not something that has a lot of demand from customers. And it would create ongoing headaches in the support department.

Customers aren't responsible for fraudulent charges as long as they notify the credit card company within a couple months. If you're the victim of skimming, you have to go through the annoyance of getting a new card and updating payment information for anyone you have autobill the card. But you're not out any money if the skimmers manage to charge thousands of dollars in electronics, the credit card company is. That tends to mean that there isn't a huge demand for things like transaction limits from customers.

If a company implemented transaction limits, that would also create a support headache for them. Whatever limit people chose, they'd periodically want to exceed that limit. Usually for something really important to them. They'd get very frustrated when the card company denied their attempt to book a last minute flight for a family funeral or their attempt to buy tickets to that concert/ sporting event for their anniversary. If they remembered that they had set a transaction limit years ago, sure, they might just go up their limit. But a lot of them won't remember, will call in to customer service unhappy, and will erode their loyalty.

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    US credit cards are meant to be as frictionless as possible, to maximize the number of transactions/fees, which is one of the reasons chip and pin hasn't gotten traction, whereas it's the standard in Europe.
    – 0xFEE1DEAD
    Commented Jul 28, 2023 at 15:23
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    Um no, if I set a limit for $500, I'm not gonna cry if my airline fee is $550 and cry to the cc company. I can call them to try to make an exception... Commented Jul 28, 2023 at 15:48
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    @NealConroy - Perhaps you would be the exceptional customer that set a limit, remembered the limit you set, realized the problem immediately, and calmly called the company to request a change. That doesn't change the fact that plenty of other customers would behave differently. Commented Jul 28, 2023 at 15:54
  • @JustinCave request a change? You mean request an exception, or temporarily request a change? Commented Jul 28, 2023 at 15:56

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