Help needed: what questions have you called your credit card issuer with?

It depends. Sounds like a cop-out, I know, but there are many, many factors that go into determining whether a particular purchase sends up the red flag. Examples (though not a comprehensive list by a long shot) of things that could have affected this:

  • What was your credit limit at the time?
  • What was your largest single purchase up to that point?
  • Had the bank called you before to verify a larger purchase? What amount? For what?
  • Had you paid that particular dealer with your credit card before? How often?
  • Was the dealer located in the general area (city & state) in which the majority of your purchases are made?

If you’ve got a limit of £8,000, your largest purchase up to that point was £100 at Best Buy, and the dealer’s office is in Glasgow while you live in London, yes, you’ll be getting a call (and quite possibly have access to your card restricted until we can verify the charges with you). If your limit is £200k, you routinely charge upwards of £1,000 at La Maison, you’ve established a pattern of paying that dealer with your card, and his office is in your hometown, then not so much.

Between those two extremes, of course, it varies depending on your bank’s particular criteria…the specifics of which they’re not going to disclose, for obvious reasons.

I think that’s the only question since my last post that the poster actually wanted me to answer. If I’m wrong, let me know, and I’ll catch it next time.

Hmmmm, I know I’ve called my credit card company with questions about dates, but of course I can’t think of a specific scenario right now. The confusion has always been about things like “due ON this date” vs. “due BY this date.” Do they mean the payment has to come on that date, or the day before that date? They have revamped their web site and made their language more consistant so I haven’t had that problem recently.

The other thing I have called about was that situation where the vendor’s name on my statement didn’t ring any sort of bell. Sometimes I have seen things at the point of purchase that say “on your credit card statement, this transaction will appear as ‘Some Completely Random Company,’” but there have been times where I’ve either missed that piece of information or it wasn’t made clear in the first place. I’ve asked my credit card company if there are ways of tracking that down, and gotten mixed results.

My question for you: One of our summer employees mentioned that she was turned down for a credit card because she had NO credit history. I think this is her first job (she’s a student). What are some ways of establishing a credit history, and how long does that take?

Here’s a question for you, that my own bank had trouble answering, but finally did.

I am about to travel overseas. What fees do you charge to do the currency conversion if I buy something there on my credit card? How can I find out your exchange rates at any given time? What are your credit card conversion rates vs. cash conversion for the same currency?

You can probably dream up other questions related to foreign currency purchases.

The easiest and most reliable way to establish credit history – with a big fat “IMO” attached, as I’m not a credit profile manager; this post is not professional advice and is offered strictly as a personal opinion – is to get a low-limit secured credit card. Anybody but anybody can get one of these; you pay the issuing bank a deposit equal to the credit limit, and they give you a card that you use and make payments toward just as you would a regular credit card. They start at $100 on the low end (though $500 is the minimum for most major issuers), and go up to more or less whatever amount you’d care to pay for, though I don’t know why you’d go too far beyond the minimum. The key to building credit with a secured card is to make sure the issuer doesn’t report the account to the credit bureaus as “Secured”; the bank will be able to tell you whether or not they do this.

If she doesn’t like the idea of secured credit – or doesn’t want to pay for it – there’s always store credit cards. The interest rates on these cards are generally outrageous, and of course they have a very limited range of use, but the major ones do establish credit history. Failing that, she could buy something from a big-ticket store (electronics, jewelry, etc.) that offers in-store financing; she’ll just want to make sure the store reports its accounts to the credit bureaus.

Credit history is established in as little as a month after the account has opened, however, the accounts will show on your credit report as “new” for the first year, and will not improve your credit as much as normal during this period. They will, however, significantly HURT your credit if you don’t make your payments, so she’ll still need to be careful.

I’ll put it this way: I established credit history with a $500 secured Visa that was reported to the bureaus as a regular credit card. I used it sparingly, paid it off from month to month, and never incurred any finance charges. In three months, my credit score was 729, which is enough to qualify for most any card/loan at average rates, or a smaller loan at a favorable rate.

It’s not a difficult thing to do. The most common problem people have is that they get their first lines of credit while in college, in the form of student cards, and then go hog-wild because they’ve never learned to properly manage debt. As long as you handle your accounts responsibly, you won’t have any trouble building positive credit history.

I called to see if my existing card could be customized the way that other company does, where you can choose what you want your payment due date to be. They let me change it to the 10th of the month from the 3rd, which was too close to my fist-of-the-month paydate.

My salary’s not that high but not so bad that I feel I’m being fisted each month. :eek: “first”

We recently got fresh versions of a credit card with “new and improved” RFID embedded tags in them. (So you don’t have to go thru that awful horrible swiping business!)

I called to get them replaced with regular old cards. The empty brain at the other end kept on insisting on a script about how wonderful they are.

Listen, when the customer says “I have a PhD in Computer Science and I know more about this then all the people working in your building combined.” it’s time to go off script and do what the customer asks.

In fact.

Don’t do scripts.

Imagine a REALLY pist off customer calling “WHY DID YOU RAISE MY APR TO 30% from 12%?!?!?!?!”

Longer version…my apr was normally around 12% one day I noticed it had gone up to 17%. So I called to see what was going on. The person didn’t tell my why it had gone up to 17% but she did tell me that they had sent a letter out 2 months ago stating that it was going to go up to 29.99% next month (which I never received, or I would have called two months ago). Anywas, I asked her to change it back to where it belongs and she flat out refused. I got pist, hung up and called back. When I got a human on the line, I (still very angry) asked over and over for a supervisor, when I got him he also refused (well not so much refused, as stood by what the last person had said) but told me (defensivly since I was yelling at him) to talk to a rate specialist in the morning). I called the next morning, asked for a rate specialist and the girl had the nerve to say “Why do you want to talk to a rate specialst, there’s no promo rates for you” I yelled at her and got a R.S. the phone.
As it turns out, they had checked my credit reports and found a “Credit Card” with a $20K limit that was maxed out and used that as grounds to raise my APR to the default limit of 30%. After I explained that I had just bought a house and that was actually a secured line of credit against the house, she fixed it for me.

So, are you’re employees trained to deal with an angry customer?
If a customer calls up and askes for a specific person that (like a Rate Specialist, rather then a ‘supervisor’ that everyone asks for) do they know to let the call through rather then try and deflect it so to speak?

Oh, and as for the question at the top of my post. The answer would have been "Sir, that’s our default rate. It’s usually triggered by a change in your credit report. I can’t access your credit report, but you can call this number and talk to a rate specialist (or I’ll transfer you if it’s not after business hours) and they’ll be happy to help you.

Here’s one I’ve thought about but haven’t actually asked: “Can you change the day of my billing cycle?” e.g. my bill is due every 28th day of the month, but I’d like to change it to be due every 10th day of the month (because I normally pay all my bills on the 1st).

We don’t do scripts. In fact, I’ve created my own slightly-altered version of the company Call Monitoring score sheet. Mine has a new field added: “Sounding Like The Automated System”. If, when listening a rep’s discourse with the customer, I find myself waiting to hear them say “Press 1 to repeat this message. Press 2 for more options. Para español, marque el cinco,” the box gets checked. It’s mostly a joke; the other reps get a kick out of it because they don’t want to sound like robots anyway.

As regards the PhD, though…do you truly feel your education has anything to do with the quality of service you ought to receive? I agree with you that, after you requested non-RFID cards, and rejected the sales pitch the first time, the representative should have shut up and sent you the regular cards; I don’t like pushy CSRs any more than you do. Nevertheless, my experience in customer service has taught me that people who bother to mention their level of education during the call don’t usually want to “helped”, per se, so much as they want to assert their superiority over the folks at the call center. I don’t have a doctorate, Comp Sci or otherwise, but I’ll bet significant money that the guy whose first words to me are “Actually, that’s Dr. So-and-So” still doesn’t know more than I do about banking…and if he does know as much as he insists, he needs to fix his own problems instead of calling me, as I clearly don’t possess the intellectual wherewithal to even understand his issues, let alone do anything about them.

Maybe you were just being facetious, and you don’t actually level your degree at phone reps as evidence of your mastery of all possible topics while insulting their own professional abilities in the process. I hope this is true, and if it is, please accept my apologies…it’s just that, after hearing the twentieth Mr. or Ms. “That’s Dr.” rant at me for fifteen minutes because their card is declining – due to the fact that they never bothered to activate it, which, if they’d stop asserting their immeasurable genius for a few seconds, I could easily fix – one grows a touch weary of the general attitude.

Our credit card division consists entirely of reps with at least a year’s experience in Retail Customer Service. Those would be the folks you get when you call 1-800-BIGBANK – fake number, obviously, but our number is the name of our large corporate bank – hence, they’re the ones who deal with everyone who gets pissed off and calls us in a blind rage looking to bite someone’s head off. Therefore, yes, they have had some prior experience with angry customers. :slight_smile:

(I do note that you said “training”, and indeed the training program does include a unit on dealing with irate callers.)

That depends. You might be surprised how many people call and ask to be connected to a certain department when in fact that department either wouldn’t be able to help them, or could provide only the same service as the rep who took the call. If you called me, and the only information you gave was that you’d like to speak with a Rate Specialist (which sounds a lot like some bank’s euphemism for the Underwriting department), I’d figure the most likely reasons for your call would be either a limit increase or a rate decrease, both of which I could easily process for you if you met the criteria, or else a breakdown of our current rate offers, for which you’d actually need to speak with Sales. In any of these cases, to fulfill your request would be a waste of your time.

Now, I certainly wouldn’t presume to tell you you were wrong about with whom you wanted to speak, as that particular rep did. I would, however, politely ask the specific reason for your call. I would do this to avoid transferring you to the wrong department, thereby forcing you to hold again, only to be transferred back, having to hold AGAIN, and finally end up back on the phone with me, now even more annoyed than you were to begin with. Just one simple question from me, one brief response from you, and you’re on your way.

On the other hand, if you do call and ask for a specific person – as in, first and last name – you’re getting transferred, no questions asked. If you know who John Pantolaqua is, I assume you also know what he does and why you’d want to talk to him. Departments…based on the track record, not so much. Blame the morons who only think they know what they’re doing, because they outnumber you by 100 to one.

We, and every issuer of which I’m aware, can do this upon request. It usually takes one statement cycle to go into effect, but beyond that, you can change the date to whatever you’d like (though some companies won’t allow you to choose the 29th, 30th or 31st because of that pesky February issue). If you’d like a more convenient date, give the bank a call; they should be able to switch it for you. In fact, it’s so simple that I can only think of one caveat: make sure that they understand that you want to change your BILLING date, and not your statement CYCLE date, as the two are usually different by a good couple weeks at least. Give them the date you want your bill to be due, and they can adapt your cycle date to fit the request.

Hey, depending on your tastes, that might qualify as a monthly bonus. Maybe we ought to include it as an option for the benefits package. I’ll run it by the Diversity team; thanks for the suggestion. :wink:

I had used a credit counseling service to get a lower interest rate on credit card, after having touble keeping up with it. The service was making automatic payments for me. After getting an inheritance, I paid off the card. I was getting statements showing that I was still paying $260/m on the card, which meant I was going into positive balance.

Citibank would simply NOT tell me where those payments were coming from. I had forgotten about the service, which is why I was asking them. The conversations devolved into literal screaming matches as I kept talking until they shut up so I could make my point. I have NEVER met such an asinine set of reasoning in customer service. On repeated calls, even supervisors claimed it was simply, literally, completely impossible for them to find out where the payments originated, despite the fact that some computer was contacting their computer every month and transferring money. “You’d figure it out if you were losing $260/m”, I said. I had to figure it all out myself.

I tear up Citibank’s credit card offers even faster than others, now.

Does your company charge a “foreign currency conversion” (a.k.a. “just because we can”) fee?

We don’t. Visa International does. It’s a flat 1% fee for any transaction made in a foreign currency. If you’ve used your card abroad and were charged anything above that, it was indeed a charge from your issuing bank, but otherwise, blame Visa. Note that you’ll still receive cash advance fees for taking funds from a foreign ATM, just as you would here.

A cite for this (scroll down to “Has Visa changed its fee structure for international transactions?”), and a correction: it’s not a conversion fee, but a a charge to issuing banks when transactions use the global payment system. In other words, they don’t charge you the fee, but they do charge your issuing bank, which is most likely going to pass the expense onto you. I suppose there may be banks out there that that are willing to eat 1% of all of their customers’ foreign-currency transactions as a courtesy, but if there are, we ain’t one of 'em.