Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 
ajobbins
Awesome
4891 posts

Uber Geek

Trusted
Subscriber

  #265870 21-Oct-2009 23:08
Send private message

Ah right. I have a charge card, where as I guess others who I have spoken to have the credit card version.




Twitter: ajobbins


freitasm
BDFL - Memuneh
68818 posts

Uber Geek

Administrator
Trusted
Geekzone
Lifetime subscriber

  #265874 21-Oct-2009 23:18
Send private message

You can have both on a single account if you want, too.




 

 

These links are referral codes

 

Geekzone broadband switch | Eletricity comparison and switch | Hatch investment (NZ$ 10 bonus if NZ$100 deposited within 30 days) | Sharesies | Mighty Ape | Backblaze | Coinbase | TheMarket | My technology disclosure


 
 
 
 


bazzer
3316 posts

Uber Geek

Trusted

  #265946 22-Oct-2009 08:38
Send private message

Why not just increase the limit on your regular credit card? I have a Visa with a limit so high I will only hit it if I buy a new car or something.

dickytim
2514 posts

Uber Geek
Inactive user


  #265987 22-Oct-2009 10:20
Send private message

bazzer: Why not just increase the limit on your regular credit card? I have a Visa with a limit so high I will only hit it if I buy a new car or something.


Not everyone will be granted such a large credit card limit, some of us with sub-million dollar salaries are somewhat limited to the credit limit the banks will allow.

bazzer
3316 posts

Uber Geek

Trusted

  #265991 22-Oct-2009 10:36
Send private message

Yet the bank will lend you $500K+ for a house? Or give you a revolving credit mortgage facility? I don't earn $1,000,000, so maybe I just have a good realtionship with my bank? Or maybe I got "lucky", I'd say a high credit limit is a dubious "honour" ;)

cr250bromo
222 posts

Master Geek


  #265992 22-Oct-2009 10:43
Send private message

the difference is a credit card is an unsecured facility so if you don't pay, all the bank is entitled to is the money you owe them. They can't sell your house to settle a credit card debt for instance.

tchart
1697 posts

Uber Geek

Trusted
Subscriber

  #265998 22-Oct-2009 11:06
Send private message

Yeah, high credit card limits are awesome until you spend it all. I prefer to keep my limit low to stop me spending every last penny. My main credit card only has a $1000 limit on it.

Ive been burnt before and lesson learned!

 
 
 
 


bazzer
3316 posts

Uber Geek

Trusted

  #266028 22-Oct-2009 12:03
Send private message

The lesson you learned was "Dont get a high limit on my credit card"? I thought it might've been "Learn some self control"!

Handsomedan
3122 posts

Uber Geek

Trusted
Subscriber

  #266032 22-Oct-2009 12:08
Send private message

Pre-auths and completions on credit cards are a fairly simple affair.

A Pre-authorisation is taken for the value of goods or services (i.e. when checking into a hotel) and at the time of checkout or payment, the authorisation is completed. THis charges the card for the amount due and clears the pre-auth immediately.

The instances where this doesn't happen:
Offline - if the terminal can't connect to the network for whatever reason, there'll be a simple purchase transaction made and the completion does not occur.
Overseas - sometimes in an overseas environment, the pre-auth will not drop off immediately and can take any number of days to drop off - usually a week.
Card not present transaction - in many cases a CNP transaction will not immediately release the fuds, more due to processing error (human error0 than systematic failure
Alternate payment method - if you pay via EFTPOS or alternative means (i.e. cash, other card etc) the transaction cannot be "completed". Therefore you wait for the auth to drop off - either that or kick up a stink and get the merchant to fax a note to the issuing bank or their cards processor to jhave the auth removed.

I work in the industry so have a little knowledge.




Handsome Dan Has Spoken.
Handsome Dan is also still somewhat perplexed...


1 | 2 
View this topic in a long page with up to 500 replies per page Create new topic





News »

Nanoleaf enhances lighting line with launch of Triangles and Mini Triangles
Posted 17-Oct-2020 20:18


Synology unveils DS1621+ 
Posted 17-Oct-2020 20:12


Ingram Micro introduces FootfallCam to New Zealand channel
Posted 17-Oct-2020 20:06


Dropbox adopts Virtual First working policy
Posted 17-Oct-2020 19:47


OPPO announces Reno4 Series 5G line-up in NZ
Posted 16-Oct-2020 08:52


Microsoft Highway to a Hundred expands to Asia Pacific
Posted 14-Oct-2020 09:34


Spark turns on 5G in Auckland
Posted 14-Oct-2020 09:29


AMD Launches AMD Ryzen 5000 Series Desktop Processors
Posted 9-Oct-2020 10:13


Teletrac Navman launches integrated multi-camera solution for transport and logistics industry
Posted 8-Oct-2020 10:57


Farmside hits 10,000 RBI customers
Posted 7-Oct-2020 15:32


NordVPN starts deploying colocated servers
Posted 7-Oct-2020 09:00


Google introduces Nest Wifi routers in New Zealand
Posted 7-Oct-2020 05:00


Orcon to bundle Google Nest Wifi router with new accounts
Posted 7-Oct-2020 05:00


Epay and Centrapay partner to create digital gift cards
Posted 2-Oct-2020 17:34


Inseego launches 5G MiFi M2000 mobile hotspot
Posted 2-Oct-2020 14:53









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.