@woodsie1 wrote:
While there is the deadline, it really doesn't mean that all banks or merchants will have to convert to them. While most major banks have converted or will convert soon, there are many small businesses that may still be unaware of what it means to them. Right now the liablility is on the bank and what is outlined in the terms and conditions. When the deadline hits it will mean whichever party is most negligent in this will be liable. For example, if the merchant has a chip dip reader (smiley) and the bank hasn't issued the chip to dip, then since the merchant has the dip and bank has no chip, then the bank gets zip if the card has been nipped, are you hip?
Am I the only one that read this like a Dr. Seuss book. Hilarious!
I hope not! I kinda meant it that way!
It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
