Top Reasons I Won't Have A Credit Card

This is a news article I saw on my local television affiliate.
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NH man swipes debit card for smokes, charged 23 quadrillion dollars (plus $15 overdraft fee)

By Associated Press

9:05 AM CDT, July 15, 2009
MANCHESTER, N.H. (AP) — A New Hampshire man says he swiped his debit card at a gas station to buy a pack of cigarettes and was charged over 23 quadrillion dollars.

Josh Muszynski (Moo-SIN'-ski) checked his account online a few hours later and saw the 17-digit number — a stunning $23,148,855,308,184,500 (twenty-three quadrillion, one hundred forty-eight trillion, eight hundred fifty-five billion, three hundred eight million, one hundred eighty-four thousand, five hundred dollars).

Muszynski says he spent two hours on the phone with Bank of America trying to sort out the string of numbers and the $15 overdraft fee.

The bank corrected the error the next day.

Bank of America tells WMUR-TV only the card issuer, Visa, could answer questions. Visa, in turn, referred questions to the bank.
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Information from: WMUR-TV, http://wmur.com
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Thursday Thirteen
"Reasons I Won't Have A Credit Card" and "Why I Think This Is Funny"

1. This was a DEBIT card, so I am still at risk.

2. 1% of this bill is more than four times the National Debt. (To copy the media, "That is QUADRILLION, with a Q!" Imagine the perky blonde anchor making you feel stupid, because you couldn't have heard it the first time.) I can live happily on that kind of money. The bank can never have enough.

3. Bank of America, the man's personal bank, is the bank known to give accounts to Undocumented Illegal Immigrants... I suppose they have to make up for that in some small fashion. I hope they don't think this is SMALL fashion.

4. I am sure that the numbers are meaningless..... no SSN or PIN in there. (Pay no attention to the man behind the curtain!)

5. One of my friends on Facebook commented that the average daily balance would yield an interest charge that could be "ugly". They are allowed to be around 30%, especially if you are overdrawn.

6. How many people didn't get charged for their transactions that day, due to the keying error? I wouldn't want to be that person!

7. Cash Is King! Check out Dave Ramsey, and learn to survive without plastic. This is not a paid advertisement, just a personal testimony. I am not completely debt free, but imagine that as a goal! Now imagine that as a lifestyle!

8. I know that smoking kills you, but I thought it was for actually smoking! I am excited knowing that the guy is still alive after the SHOCK of seeing that bill.

9. Jesus said that our hearts are tied to our treasures. Junk purchased with plastic and debt are not treasures, but our hearts sit there with it anyway.

10. Nothing in the world like the Bank of America and Visa pointing fingers at each other. Poor guy had that balance on his personal checking account for a whole day, and nobody wanted to help him fix the problem.

11. The banks don't keep records better than I do. They can't! I am a perfectionist about accounting. I can't afford to let a penny slip by unaccounted for. I can't afford to write off mistakes. I can count!

12. Banks are really good at sticking you with fees when you really do overdraw... by a penny or two. Shouldn't they PAY you when the mistake is THEIRS?

13. Even Bakers know how to give a little extra to get a lot of loyalty. Banks could learn from this generous practice.

Blessings to you, more than money.