Best Way to Use a Stolen Credit Card to Your Advantage

It seems like my credit card is stolen every couple years. ACI Worldwide provides electronic payment systems. They estimate 46% of Americans had their over the past 5 years.  I’m going to tell you the best way to use a stolen credit card to your advantage.

Am I happy when my card gets stolen? No! Are their credit card benefits when your card is stolen? Yes! The benefit I see is every couple years, it forces me to review my list of bills to Every month, I pay on autopay with my credit card.. It forces me to either consciously update my credit card information at each merchant or the merchant to contact me for the information.

Best Way to Use a Stolen Credit Card 

Reevaluate is the best method to use a stolen credit card to your advantage. Do you still use or require the service? Have you asked for a discount for being a loyal customer? Have you shopped around for quotations from competitors?

This is an excellent time to review your monthly bill list if you haven’t already. Continue reading to learn how my stolen credit card was used on Ticketmaster to purchase Kenny Rogers concert tickets. I discuss the process of deleting my credit card and the monthly bill list that I review on a regular basis.

My Credit Card was Stolen and Used Online

My stolen Chase credit card in most cases was due to a large retailer having a massive data breach. Because I shopped at a big box and they had a , I was required to get a new credit card. I was a casualty for the following:

  • TJX Companies, Inc had 94 million customers in 2006.
  • Target Stores in 2013 has 110mm
  • In 2014, Home Depot had 45mm.

Even though it’s inconvenient, I’ve figured out how to make the most of a stolen credit card. My credit card was stolen and used to purchase concert tickets on the internet.

How to Use a Stolen Credit Card Number Online for Kenny Rogers

I play Kenny Rogers music. Well, technically, I only have The Gambler on my iTunes playlist. It’s a classic. To my surprise, I was reviewing my monthly Chase credit card statement around the holidays. Like most of us, the holiday credit card statements are tough to open. I always overspend on my kids like most parents.

I noticed a line item referencing Kenny Rogers Ticketmaster while reviewing the statement. What’s up with that? Kenny Rogers is one of my favorite musicians, but I’m not a huge admirer. They stated I would spend more than $200 to watch him perform live. Kenny was chosen by a crook to teach him how to exploit stolen credit card information online.?

How to Cancel a Credit Card Purchase

First, I called Ticketmaster inquiring about my supposed purchase. I sarcastically asked if I was reading the statement correctly and if it was Kenny Rogers. Yep, they confirmed. I’m not sure it’s the best way to use a stolen credit card online since they are traceable concert tickets. It reminds me of those I read.  They advised I call my credit card issuer. In my case, it’s Chase credit card services for fraudulent charges on my credit card.

Chase Credit Card Replacement

When I called Chase to replace my credit card, they quickly filed a cancel credit card transaction. Chase gave me a credit while they investigated fraudulent credit card transactions. Nonetheless, they persisted on ordering a new Chase credit card for me. Argh! Chase obviously wants to reduce their risk in the future so that this crook cannot continue to use the stolen credit card information.

Credit Card Issuers Phone Numbers

Credit Card Issuer Lost/Stolen Website Contact Phone Number
Bank of America 1-800-847-2911
Capital One 1-800-427-9428
Chase 1-800-432-3137
Citi 1-800-950-5114
USAA 1-800-531-8722

How Long to Dispute Credit Card Charges?

I received a letter a few days later confirming that they had received my complaint. My account was credited while I was investigating fraudulent credit card transactions. Although I had been credited, I waited to see how long it would take to challenge credit card charges. I received a letter a few weeks later informing me that the allegation had been permanently reversed in my favor.

Who is Liable for Unauthorized Credit Card Charges?

You need to notify the credit card company as soon as possible to limit risk. The all major Processors of credit card payments have $0 fraud liability policies. As long as you act quickly and responsibly, your liability for unauthorized credit card charges is limited by law from Congress.

Why Having my Credit Card Stolen was Good for Me

Every month, I go over my credit card statement and accept any transactions that sound familiar. What I don’t do is raise an objection to a well-worn charge.

  • Is this a service or a product that I still use?
  • Is the price I’m paying reasonable?
  • When was the last time I looked for a better deal?

After my credit card was stolen, I had to reconsider every expenditure and decide whether it was worth my time to call or log in using my new credit card number. Sure, I still require weekly garbage disposal, but do I require Sirius XM or a monthly health club membership of $100? By negotiating and not renewing monthly memberships and services, I was able to save hundreds of dollars in the end.

Renting vs Buying Pros and Cons

Our society is gradually transitioning from an ownership mentality to a rental mentality. That might make sense in some cases. You may not have a choice in some cases. The issue is that a few dollars here and there mount up to hundreds of dollars per month. The benefits and drawbacks of renting vs. buying are unique to each item and person. Here are some instances of products that individuals now rent on a regular basis rather than owning in the previous 10-20 years.

  • Car Subscription Services. Society went from owning cars to leasing cars and now car subscriptions. On the positive, it’s an all-inclusive monthly fee for everything. It includes roadside assistance, insurance, and maintenance. Within a few day’s notice, you can swap from a hybrid or compact cars to an SUV for a weekend family trip. I’ve seen prices range from a few hundred dollars to $3,000 per month. Yes, $3,000 per month to rent your car. I would notice that on my monthly credit card statement!
  • Rent a house. Since the Great Recession of 2007-2008, the home rental market has been trending upward. People rent homes to be more mobile for work, credit standards have become much stricter to qualify for a mortgage, bigger down payments are required for home ownership, and people dislike the care of owning.
  • Microsoft Office is a program that allows you to create documents. On my Mac and PC, I used to pay anything from $99 to $300 for a copy of Microsoft Office. To utilize the software now, we must pay a monthly or annual price. If I don’t pay, the software will be turned off at the end of the month.
  • Subscription for a Router What happened to the days when you could buy and own a router for your home? It, too, is changing. Eero and Plume have recently revealed that they will require an annual software subscription to keep your routers up to date and working. Unless you pay a one-time cost of $200 for a lifetime membership, Plume will charge you $60 per year indefinitely. I must admit that I am a Plume user who enjoys it, however I was upset when the new pricing policy was announced. They must fund regular software updates and improvements, according to them.

List of Monthly Bills to Pay Every Month

Can you believe about every month?  The worst story I saw online was where a 56-year-old guy was for over 10 years without using it.  He didn’t notice because AOL was set up on autopay. Take this list of monthly bills to pay seriously.

  • Cellphone Bill.  It’s understandable to have your cell phone bill on autopay if you have an unlimited plan. The unlimited plan monthly bill should stay the same. However, if you pay for X GB per month or don’t have unlimited texting and talking, then you should not be on autopay. You should review your bill and pay each month on your cell phone carrier’s website. In my case, I’ve had promotions roll off and my bill went up by $30 per month and I wouldn’t notice if it was on autopay. Now I notice and call the cell phone carrier for current promotions on how to get my bill lower.
  • Utility Bills.  Utility bills fluctuate throughout the year and require your attention. Living in the Midwest, my water and electric are high in the summer while my gas bill is high in the winter. Luckily my village installed smart meters last summer so we are alerted to water line leak detection. My village will call me if I have a constantly running toilet or water main leak detection in my house. In many cases, you wouldn’t notice if you were on autopay. It’s also forced me to review my monthly gas and electric usage charge. I have negotiated and locked in rates for both my electric and gas at lower rates. Negotiating your gas and electric will depend if you live in a .
  • Cable and Satellite Television Service.  Every year, my cable provider tries to increase their rates or add additional fees. My calendar is marked to call my cable provider every year and threaten to switch from AT&T UVerse to Unless Comcast lowers my monthly bill, I’m leaving.. It costs hundreds of dollars for them to get a new customer and it’s cheaper to keep me. I usually ask for AT&T deals for existing customers. See my Here’s an article about AT&T bundle deals for existing customers.
  • Streaming Video Services.  I finally buckled to my kids pressure and . If your streaming video service offers programming you absolutely cannot live without, then be sure to only pay for the minimal amount of subscribers necessary. In my case, I know only two people will be watching Netflix at once vs paying more for three simultaneous users. Same goes for Hulu, HBO, Sling TV, and more.
  • Streaming Music Services Amazon Music, Google Play, SiriusXM, Apple Music, and Spotify all bill your credit card automatically. That makes sense if you are continually listening to and streaming music to get your money’s worth. If not, a free service like Pandora with some radio commercials or the TuneIn Radio app should suffice. Keep in mind that you are paying not only for the music streaming service, but also for the data when you are not connected to WiFi. SiriusXM, for example, allows you to make one-time payments for a specific amount of time, after which you must call or log in to renew the subscription.
  • Newspaper and Magazine Subscriptions.  I like having both a physical newspaper delivered and also the opportunity to see articles online. If you are running out of time to read your newspapers and magazines, then you should consider prioritizing your subscriptions. Also, consider going to your Past magazine issues can be found at the public library. if you have a long weekend or upcoming vacation. Most towns have free library services and you should take advantage of the free books, newspapers, magazines, and technology.
  • Memberships in health clubs. For decades, I’ve heard that gyms are recession-proof because people put their memberships on autopay and rarely use them. If you go to the gym regularly, autopay is a good idea, but if you aren’t disciplined, have them bill you monthly. In my case, I addressed my club and offered to pay for the entire year in advance if they would give me a couple of months off. Other gyms should also be considered. For $10 a month, you can join a gym like Planet Fitness and get unrestricted access.
  • Commercial Security Systems.  According to ADT, 83% of burglars check for an alarm system before attempting to break in your house. Your security alarm system on autopay is wise for safety, but you need to keep an eye out for them increasing the price annually or slipping in additional fees. Whenever I see them try increasing my monthly security monitoring fee, I call and remind them I’ve been a good customer and consider switching to a different monitoring company. I refer to them as commercial security systems because the market is changing with alternative security systems for you to explore. You can consider alternative alarm systems like SimpliSafe, Ring Alarm Security Kit, and others for a much cheaper monthly cost.
  • Subscriptions for annual shopping. Amazon Prime’s price was raised from $99 to $119 effective June 16, 2018. You don’t need to be an Amazon Prime subscriber if you don’t require everything in 1-2 days and don’t use Amazon Prime Movies. If you spend $25 or more on your order, many of the items are eligible for free shipping.
  • Alternative Movie Subscription Programs and MoviePass For $100 a year, MoviePass used to be a good deal. Costco was offering MoviePass subscriptions for around $80 per year in 2017. It was worthwhile if you viewed at least one movie per month for entertainment. MoviePass’s price has now doubled, and the experience has been curtailed. AMC Stubs A-List for $19.99 per month, Sinemia for $19.99-$34.99 per month, and Cinemark for $8.99 per month are all MoviePass alternatives. Each movie subscription service has its own set of advantages and disadvantages, ranging from pricing to monthly movie limits to benefits, depending on where you live. If you’re making money and you enjoy watching movies, go ahead and do it. Nevertheless, if you’re busy during the summer and don’t go to the theater as often, cancel your autopay and re-register in the fall. You can save $60 over the course of three months.
  • Chicago Insurance Brokers. I shop my auto and homeowners insurance annually. Like me, you should find an insurance broker who can shop quotes at multiple carriers. In my case, I would Google “Chicago insurance brokers.” Depending on the insurance company, some years some companies are more competitive or expensive than others. I would suggest quoting a higher deductible. Going from a few hundred dollars to a $1,000 deductible can potentially save you 40%. Try buying your homeowner and auto coverage from the same . Surprisingly, credit scores are becoming a factor for insurance quotes. Maintain a good credit history. Since I take the train downtown daily for work, I received a driver discount for low mileage. I’m considered a weekend driver.

On a monthly and yearly basis, you should keep track of your list of monthly bills to pay. You must be willing to search around for services or negotiate with your current ones. Reevaluate is the best method to use a stolen credit card to your advantage.

Please share your story if your credit card was stolen and used online. Can you beat the stolen card you used to buy Kenny Rogers tickets on Ticketmaster?

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