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Old Aug 30, 2011, 5:41 pm
  #8  
biggestbopper
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Join Date: Jan 2006
Posts: 4,020
Originally Posted by mia
Where, specifically, is the danger if you pay your bill in full each and every month, do not exceed your stated credit limit, and only dispute billing errors?
The danger is that you are not protected by consumer protection laws including the Federal Fair Credit Billing Act. See, for example, one of the leading cases in this area Amex v Koener http://caselaw.lp.findlaw.com/script...=452&invol=233

If you want to trust the card companies to do the right thing, be my guest. Me, I prefer real, legal protection.

By the way, the entire billing error dispute process is set out in the FCBA which does not protect biz card users.

Consider, for example, a real situation (somewhat modified for privacy). You go to Vegas, buy two buffets at a casino, get a bill for 222 buffets. Casino and bank, after billing error dispute, assert charges are correct. Biz card user is likely screwed, consumer user can do something effective.
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