how is the signature on the back supposed to compare to your signature on the receipt ? and how many times does the clerk actually take and look at the credit card with all the new credit card readers today? i know for example at best buy and several other stores the clerk will ask for an ID and Tele # when making any purchase with a credit card.
2006-11-27 15:09:24 · 6 answers · asked by Jd 3 in Business & Finance ➔ Credit
You should believe me, as I have worked in retail, for a company that issues its own credit cards. Here's our official advice on signing the strip on the back: Don't sign it. It's useless as a deterrent, as anyone who takes your card then has a sample of your signature which they can not only use on any charge slip, but on your checks as well. However, do not leave the white strip blank. In that space, write: "Ask For Picture ID," and be prepared to back that up someday when you're in a hurry and the clerk wants to see a driver's license as well as the card. It makes the charge transaction a little longer, but a lot safer.
Do not sign this thing. If it is signed you are giving concent to use the card without ID!
You are signing the contract between the merchant and the credit card company.
AGAIN, PLEASE SIGN IN DARK BOLD LETTERS "PLEASE CHECK ID"
2006-11-27 15:29:07 · answer #1 · answered by yogwhatup2000 2 · 1⤊ 0⤋
If you refuse to sign your credit card, some merchants will say they do not have enough proof that you have a valid credit contract with a credit lender to be able to make the purchase.
I've had cards refused for signing them "See Picture ID" because a credit card without a valid signature is like an unsigned check...there is no proof of a contract.
Is it a good idea not to sign your card? Probably, but just know you can get refused every once in a while and you will not be able to use it at any Post Office. The USPS refused to accept credit cards that are not signed.
2006-11-27 16:51:17 · answer #2 · answered by markmywordz 5 · 0⤊ 0⤋
Signatures on credit cards are rapidly becoming unnecessary and I wouldn't be surprised if they are eventually eliminated. However, as long as the issuer requires that you to sign your card upon receipt, you should do so. If you don't, you are in breach of your agreement with them. If merchants decline to ask for or verify signatures, that's their look-out. You may find yourself liable for fraudulent charges should your unsigned credit card find it's way into a thief's hands.
2006-11-27 17:34:25 · answer #3 · answered by HoneySuite 5 · 0⤊ 0⤋
If the merchant doesn't personally know you they should ask for a photo ID and compare the signatures.
2006-11-27 15:18:18 · answer #4 · answered by whoknew 4 · 0⤊ 0⤋
It is so they can compare signitures if they want, your best bet is to sign CID, then they have to have a picture ID which is safer for you, cause they will know it is for sure yours and not stolen (no one else can use it).
2006-11-27 18:26:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It's a way to prove that a card is yours incase it gets stolen.
2006-11-27 15:12:17 · answer #6 · answered by Roman Soldier 5 · 0⤊ 0⤋