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Debit Card vs. Credit Card Auto Pay Date

Discussion in 'DIRECTV General Discussion' started by shoeheel, Nov 8, 2012.

  1. Nov 8, 2012 #1 of 24
    shoeheel

    shoeheel Legend

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    I switched from a debit card to a credit card for my auto bill pay a couple of months ago. With debit, it always posted on the 22nd of the month. The first month with the credit card, it posted on the 22nd as well. Now, with the latest bill, it posted on the credit card on the 7th. I called DirecTV billing and they said that credit cards are withdrawn on the bill "release date". For debit cards, they are withdrawn on the bill "due date", which is about 2 weeks later.

    Does this sound right? If so, why?
     
  2. Nov 8, 2012 #2 of 24
    longrider

    longrider Well-Known Member DBSTalk Club

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    That is how it is done, my guess on the reasoning is to give you a chance to review the bill before it is debited. Charge to a credit card it is not as big a deal if it takes a week to resolve an issue also you can contest charges on a credit card.
     
  3. Nov 8, 2012 #3 of 24
    bnwrx

    bnwrx Icon

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    As a word of caution and your own security, try not to use Debit cards for autopay. Debit cards are usually linked to checking accounts and generally are not covered for fraudulent activity. Credit cards for the most part are covered for fraudulent activity. In other words if your did not authorize a charge more than likely you will not be held liable by the card company. Since the Debit card is linked to a checking account, if a fraud occurs, the money is already withdrawn from the account and extremely difficult to recover.....
     
  4. Nov 8, 2012 #4 of 24
    dpeters11

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    A lot of banks do offer protections, but it still is more painful since you really are out the money for at least a few weeks. My wife got a call from her bank that there was a suspicious charge on her debit card. It was only one for about $100, but she had to fill out a form and such to get it back. Fortunately, there really was only one charge.
     
  5. Nov 8, 2012 #5 of 24
    Shades228

    Shades228 DaBears

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    Just a slight correction debit cards draft 15 days after the bill is generated, and the bill due date is 20 days after the bill generates.
     
  6. Nov 8, 2012 #6 of 24
    MadMac

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    Personal opinion: use American Express where possible as they've been the best at resolving issues. As always, YMMV.
     
  7. Nov 8, 2012 #7 of 24
    Inkosaurus

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    Yep. My identity was stolen once I was out about 600$ (through frost bank in texas) before they caught on and notified me.
    It took about a little over a month to get it all straightened out.
     
  8. Nov 8, 2012 #8 of 24
    WestDC

    WestDC Well-Known Member

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  9. Nov 9, 2012 #9 of 24
    shoeheel

    shoeheel Legend

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    Thanks to all for answering my questions and the good advice!
     
  10. raott

    raott Hall Of Fame

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    This is incorrect.
     
  11. sigma1914

    sigma1914 Well-Known Member DBSTalk Club

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    No thanks - waste of money.
    :lol::lol::lol: LifeLock CEO’s Identity Stolen 13 Times... http://www.wired.com/threatlevel/2010/05/lifelock-identity-theft/
     
  12. bnwrx

    bnwrx Icon

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    No it is not....
     
  13. dpeters11

    dpeters11 Hall Of Fame

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    The rules are a bit different than credit cards, but there is protection, especially if the physical card isn't stolen.

    However you are out the money until the bank gives it back to you, but it's not like you'd never see it reimbursed.

    http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre04.shtm
     
  14. dpeters11

    dpeters11 Hall Of Fame

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    Looks like he no longer puts his SSN on their web page. Not that there aren't plenty of places to get it.
     
  15. ciurca

    ciurca Godfather

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    Just happened to me today. Due to divorce, I switched the auto bill pay to my business debit card. (self employed) but it is a debit card none the less. First month after changing from old family debit card, the payment was drafted 15 days after bill date. This month's bill was drafted today, being yesterday was the bill date. No big deal, but I guess mine was run through the credit network.

    Either way, new non-marital credit card coming this week. I will change the billing to that one as soon as activated.

    I really think they figure you get grace period with the credit card, so they want their 15 days of time value of money.
     
  16. bnwrx

    bnwrx Icon

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    That is the point I was trying to make. Your funds are gone until it is settled. Some banks re-act quicker than others for their customers, but if by chance most or all of your balance was affected, then then you'll need to "re-fund" your account(or open a new one). As stated in that article you have to re-act quickly in order to limit your liabilty, many people don't look daily at their balances. My only point was with credit card transactions, you have more time to pursue fraudulent behavior and your money isn't "instantly" withdrawn from you. As with everything, people must set their own tolerance for risk. Was only trying to help......
     
  17. TMan

    TMan Legend

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    I look at it this way. A fraudulent debit card charge affects money in my checking account. A fraudulent credit card charge affects the amount I'm supposed to pay some giant company at the end of the month.

    Both can be straightened out, but I'd rather argue over my bill than have to fight to get funds put back into my checking account.
     
  18. dpeters11

    dpeters11 Hall Of Fame

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    You have to act quickly if the actual card is stolen or lost. A lot of times, the theft doesn't actually involve the card.

    The scary one with my wife was that the fraudulent charge was made at a Walgreens in Florida. She had physical possession of her card the whole time. I didn't think you could make a purchase at a POS at Walgreens without the actual card. Which would mean they had a fake card made or something.
     
  19. raott

    raott Hall Of Fame

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    You said debit cards were not generally not covered for fraud. That is incorrect. There are specific rules, but they are covered.
     
  20. Shades228

    Shades228 DaBears

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    The reason for the change is that Debit cards impact people's available money instantly so they give customer's the ability to see their bill and ensure that all charges are correct. If there is something, say an non return fee, that was applied because they didn't send a receiver back it gives them time to get it corrected before it drafts out of their account.
     

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