Shopping Blog


Chase Limits Debit Cards in Fallout From Target Breach

Chase is limiting credit cards as fallout from the massive Target breach that resulted in the credit card data from over 40 million customers being exposed. Reuters reports that Chase has placed limits on customers that shopped at Target during the Nov. 27 and Dec. 15 period. Reuters says Chase is limiting affected debit card holders to $100 a day of cash withdrawals and $300 a day of purchases. The limits could cause cardholders some problems when it comes to Christmas shopping.

Other banks are taking action on affected debits cards, such as increased monitoring, but have not placed any known limits like Chase. Some experts are advising holders of debit cards that shopped at Target during the breach period to get a new card issued.

Jamie Court, president of Consumer Watchdog, told Reuters the banks are behaving like the Grinch. Court says, "It seems like the banks are the 'Grinch who stole Christmas.' It is Target's fault, but children across America are going to bear the price ... The banks are protecting themselves."


Posted on December 23, 2013

More posts on this topic: target













ShoppingBlog.com
Homepage
Latest Headlines


Categories
Auto
Baby
Beauty
Celebrity
Fashion
Food
Games
Health
Holiday
Jewelry
Movies
Music
Oscars
Pets
Retail Industry
Tech
Toys
Travel
TV
Valentine's Day
Weight Loss






Index
Advertising
Contact Us
Homepage







www.shoppingblog.com

Copyright © 2002-2014 by Writers Write, Inc. All Rights Reserved.