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Cancelling a card won't stop people taking money from it?
cybersquatter
Posts: 10 Forumite
in Credit cards
Hi everybody
I have an MBNA credit card, which I'm now worried about because I think a company holds the details on it, and could potentially put future charges on it without my authorisation. I phoned up MBNA a minute ago and asked them to cancel the card and send me a new one, but the operator told me that this would not prevent any future transactions where there was a "subscription" in place. She was unable to explain what a "subscription" was, though.
Can anyone else? As far as I'm concerned, if I cancel a card, I don't expect anyone to be able to take any money off it. How does a card company know the difference between a "subscription" and an unauthorised transaction?
I have an MBNA credit card, which I'm now worried about because I think a company holds the details on it, and could potentially put future charges on it without my authorisation. I phoned up MBNA a minute ago and asked them to cancel the card and send me a new one, but the operator told me that this would not prevent any future transactions where there was a "subscription" in place. She was unable to explain what a "subscription" was, though.
Can anyone else? As far as I'm concerned, if I cancel a card, I don't expect anyone to be able to take any money off it. How does a card company know the difference between a "subscription" and an unauthorised transaction?
0
Comments
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The "subscription" is known as a Continuous Payment Authority. See here:
http://forums.moneysavingexpert.com/showthread.html?t=2560
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