$110,000 stolen card bender

johnboy 5 June 2012 14

The ABC has a story on one James Craig, 39, facing the court for fun had with a credit card filched from someone else’s mail:

Police allege that Craig was then able to activate the card in a St George bank branch and then use it over a two week period late last year to make 66 transactions.

They included the purchase of three cars, EFTPOS transactions, the purchase of a computer and stationary at Officeworks, and the withdrawal of cash over the counter at a St George bank branch.

The charming Mr Craig has a history of these sorts of offences and is back in custody for parole breaches.

But who has a $110,000 limit on their card?


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14 Responses to $110,000 stolen card bender
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Here_and_Now Here_and_Now 8:07 pm 28 Dec 12

p1 said :

A few times when I have been forced to call the bank about something, one of the questions they ask to try and verify my identity is “what is your cards credit limit?”. Why would I have that kind of information in my head?

Isn’t that something you’d know so you’d know how much you could spend on it?

Sandman Sandman 7:30 pm 28 Dec 12

I had a debit MasterCard show up one day. I didn’t ask for one, I got no notification of one. I simply opened an unopened letter that I assumed to be another account statement (even though I’ve clicked the “opt out of paper statements” option multiple times) which I found in the garage under my toolbox. Card had been sitting there for over 6 months with me blissfully unaware there was even one linked to my account.

Grrrr Grrrr 6:26 pm 28 Dec 12

Elizabethany said :

c_c said :

I actually noticed an ATM receipt left behind a week ago which stated:

Balance: $20,000
Available Amount: $204,000
Account Type: Cheque

Which begs the question, who the hell has a $184,000 overdraft facility?

A redrawable mortgage can show up like this.

This. The average mortgage offset account would likely have a six-figure sum in it.

p1 p1 10:54 am 05 Jun 12

Jivrashia said :

Well, you would have still been at risk when banks were still giving you increase to your CC limit without your consent. Thankfully not any more.

That explains why I haven’t got one of those “do you want to increase your limit to eleventy-billion” letters for a while.

A few times when I have been forced to call the bank about something, one of the questions they ask to try and verify my identity is “what is your cards credit limit?”. Why would I have that kind of information in my head?

Erg0 Erg0 10:54 am 05 Jun 12

Jivrashia said :

Evil_Kitten said :

This is why my credit cards are always maxed out. To stop any credit being available for thieves. True story.

Well, you would have still been at risk when banks were still giving you increase to your CC limit without your consent. Thankfully not any more.

CC Reforms Regulation
* Prohibiting credit card providers from making unsolicited offers in respect to increasing credit limits, unless the borrower has specifically agreed to receive such offers.

As far as I’m aware, they could only offer you an increase before – you still had to accept it. At least, that’s how my bank did it.

Jivrashia Jivrashia 10:38 am 05 Jun 12

Evil_Kitten said :

This is why my credit cards are always maxed out. To stop any credit being available for thieves. True story.

Well, you would have still been at risk when banks were still giving you increase to your CC limit without your consent. Thankfully not any more.

CC Reforms Regulation
* Prohibiting credit card providers from making unsolicited offers in respect to increasing credit limits, unless the borrower has specifically agreed to receive such offers.

Elizabethany Elizabethany 8:38 am 05 Jun 12

c_c said :

I actually noticed an ATM receipt left behind a week ago which stated:

Balance: $20,000
Available Amount: $204,000
Account Type: Cheque

Which begs the question, who the hell has a $184,000 overdraft facility?

A redrawable mortgage can show up like this. And with a debit card, the limit is what is in the account, which is why debit is more secure when you are broke, and credit is more secure when you have cash sitting round.

Evil_Kitten Evil_Kitten 2:16 am 05 Jun 12

This is why my credit cards are always maxed out. To stop any credit being available for thieves. True story. Nothing to do with me spending lots and not paying it off efficiently at all…………

c_c c_c 1:00 am 05 Jun 12

I actually noticed an ATM receipt left behind a week ago which stated:

Balance: $20,000
Available Amount: $204,000
Account Type: Cheque

Which begs the question, who the hell has a $184,000 overdraft facility?

FioBla FioBla 12:17 am 05 Jun 12

> accused of taking a St George Visa debit card from a person’s letterbox

Debit card.

chewy14 chewy14 6:11 pm 04 Jun 12

Isn’t he the Commsec guy on the news?

Deref Deref 5:50 pm 04 Jun 12

Tch. What a talking-to he’s going to get!

buzz819 buzz819 4:44 pm 04 Jun 12

Geez… Well he didn’t do it by half now did he?

I’m glad the person whose care he stole doesn’t have to foot the bill, but the banks will have a good time trying to recoup that money!

p1 p1 4:44 pm 04 Jun 12

Brazen enough to commit $100k worth of credit card fraud in person, but not smart enough to quit while he was ahead and got caught. Huh.

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