Thu 1 Apr 2010
I find myself using credit cards less and less now that even the simplest purchases at some retail outlets are requiring ID. It is just a hassle to reach in and produce ID every single time I want to charge something. Worse yet, because of the financial crisis, banks cut some of my credit lines and I opted to close the accounts altogether and not deal with them at all. And now, the rewards programs for remaining cards continue to get worse since not too long ago I used to get 3% cash back, I’m now down to a paltry 1% on almost all cards.
Combine all of this with my great newly found disdain for large banks and I may soon eliminate credit cards from my payment method portfolio altogether. What am I using now? Ever since I opened a couple of credit union accounts nearby my office, I find myself going over and withdrawing a few hundred bucks of cash and paying in cash for almost everything. The lone exception is gas station terminals and what I can’t figure out is why gas stations aren’t asking for ID? After all, you could easily slide your drivers license into that same slot that you slide the credit card into so what gives? Generally, I need to enter my zip code whenever I use a credit card at a gas station so why can’t I do that at a retail outlet?
I guess it’s just one of those paradoxes………
April 25th, 2010 at 7:03 pm
Visa and Mastercard merchants are not allowed to require ID as a condition of the sale. A signed card on the sig panel is the only requirement. if your card is signed and the signature matches the receipt ( many merchants do not even require signatures on purchase < $50), that's all you need. I am not only never asked for ID, i usually do not have to sign anything and sigs are not even checked. Where available I avoid the employees altogether with the use of self-checkout.