03-29-2013 03:35 PM
03-29-2013 03:42 PM
Well no wonder you got FRed!!!
Thats pretty much gaming the system, not cool.
He gamed the system, and committed fraud by lying about his income.
03-29-2013 05:48 PM
03-29-2013 06:21 PM
wow you learn something new everyday
03-29-2013 06:26 PM
A couple of things will trigger FR such as use it thru paypal, funding debit/pre-paid card and funding serve/bluebird account.
Has anyone here got an FR for that??
That just seems really petty.
03-29-2013 06:43 PM - edited 03-29-2013 06:44 PM
How does AMEX know what you purchased at CVS?? Do they call CVS to get a copy of the receipt? It would seem to me that the only thing they would be able to see is the transaction amount, date, time.
That's easy. Most major retailers post what you purchased directly to the credit card company in the transaction description and match that to a specific product category. The data they collect is invaluable...it's used from everything like determining customer cash back and points rewards to larger analytics like broad purchasing trends that are bought by marketers and companies who need to measure the markets. And the labor department uses it to determine leading economic indicators...and other countries do the same thing.