|
My first question is What is the difference between CompassInspire Discover Card and Compass Bank Discover Card? Thanks for any answer or 2. Another question... Why do so many people fear online delivery of Discover card statements rather than getting them in the mail?.. |
|
|
|
I would like to know the answer too. Anyone here know what is the answer. I'll do some investigation and get back to you if I bump into an decent answer. You should email the people at Discover Card as they probably could give you an answer..
|
|
I am still very much a fan of file cabinets. I have also had hard drives crash and I would hate to lose documents that, for whatever reason, had not been backed up. Many creditors only offer six to twelve months of statements online and want to charge if earlier statements are required..
If I am going to have to print it out anyhow, I would rather have it mailed to me.... In my file cabinets, I still have statements older than some of the members on this site. And that diligence has bailed me out on more than one occasion..... |
|
It's not them, it's me. I'm not that organized and I procrastinate...
|
|
There's absolutely nothing wrong with eStatements per se..
However, I find it more advantageous to have printed and mailed statements instead of relying exclusively on eStatements.. For billing purposes, I appreciate the fact that a mailed statement certainly gives me a kinesthetic prompt, which is especially helpful for bills that may or may not necessarily be a regular recurring one (for the former, memorizing the billing cycle would definitely be out of the question since there's no general pattern).. For record keeping/retrieval purposes, I appreciate the fact that a mailed statement does not force me to have access to an uncompromised, fully functional computer or a reliable internet connection or even electricity when I need to produce a record for proof (most places that require me to produce proof do not accept electronic copies).. Sometimes, I just don't have time to access a computer. I can easily take out my organized stored copy, photocopy it and run. And of course, I found out that New York City, of all places, can have two extended blackouts in a decade. My Post Office was still delivering despite the blackout... |
|
My filing cabinet usually goes by it's more common name, the USB Flash Drive...
|
|
Having seen one of those die during a hearing in Austin (it belonged to the AttyGeneral), I would *NEVER* trust that as my sole backup for documents...
|
|
I prefer to keep an electronic backup of my financial documents, statements, receipts, you get the idea. It's less likely to be lost and with modern encryption, it's no less secure than paper statements. IME mailboxes aren't always secure but YMMV. Pre-approvals and bank statements have been stolen from mailboxes before > id theft risk...
|
|
I only get my statements electronically. But I'm not old and don't fear technology..
Snide aside, I like the convenience of knowing what my balance is the day the statement cuts, no matter where I am in the world. (Carry my laptop with me everywhere in my backpack). This allows me the most flexibility with payments since you get to take advantage of the whole grace period window, not the grace period minus mailing time. Also I really don't have to keep track of my bills because I get an email sent out by each creditor the moment the statement cuts so there are no worries about late payments. If I don't pay instantly or forget for whatever reason, I have it set up to bug me with more emails until the balance is paid... |
|
I had all my info on my flash drive and it was all wiped out by a software update. I plugged in the back-up and the faulty update, apparently lying in wait on my hard drive, wiped that one out too. With back-up usb drives, hard drives and info burned to stacks of CD's, you'd think it would be enough, but I've seen the cascade of failure......
Went back to paper, now as long as my house doesn't burn down........ |
|
Some electronic statements can say "not an official statement".
Good luck with that... |
|
Good file cabinets help there.
A good SteelCase can withstand a LOT of heat.. The fact that a paper statement is still received does not preclude viewing or paying (with Discover card) online. As such, there is not a loss of any grace period. In fact, I probably look at most of my accounts no less than four or five times per week (once burned on losses, twice shy). I also know that I don't have to worry about my paper copies crashing or being hacked...open a drawer and there they are... |
|
Also...unless you download each and every e-statement the financial institution has control over the document and it's contents....
Not that I live with a tin foil hat or anything... |
|
Hegemony.
Some electronic statements can say "not an official statement". Good luck with that.. One would think that when you click on the link that makes you agree to stop receiving paper statements your online statement must be legal.. In any case I have never seen this message. All statements from the cards listed below are available in PDF format.. Perhaps you've run across this because you still receive paper statements and thus don't get the PDF, which is an exact replica of what you would have received in the mail?.. |
|
There is a program... that I forget the name of offhand... that can make changes to pdf documents. That's what many are still fearful of... alterations and fraud..
I do believe that we are rapidly approaching a time where e-statements will be universally acceptable as 'proof', but we're not there yet... |
|
Many feel this very way...also people look at it like, why should they pay to print a monthly statement when it's the banks or other creditors responsibility too do so.? Spending one's own money to get something someone else is supposed to provide is never delightful..
Sometimes it's not about being fearful of estatements it just comes down to good old-fashioned stubbornness.. Many places provide both and I like that very thing I have a copy on the hard drive and a master hard copy on paper can't beat that.. This post has been edited by. 800FICO1. : 13 January 2010 - 02:52 PM.. |
|
I thought I was overly neurotic. Glad I am not the only one! No surprise due date changes for me!..
|
|
I don't understand why people fear the mailman and insist on email statements....
Were you scared by one when you were younger?. Perhaps the thought of potentially getting a paper cut terrifies you?. I don't know.... But...personally, since e-statements don't benefit me at all...I don't use them..... Why should I be concerned about saving the bank the money the spend on printing and postage? If they want to give me a 50% rate reduction in exchange...great....otherwise, I'll keep getting my paper statements and having records that I can rely on.. |
|
True...that might explain the fear of the mailman that some people seem to have..
|
|
Paper statements = more work/jobs.
Also, eStatement being eco friendly or "green" is not completely true. I wish companies would stop advertising half baked campaign... |
|
Not one single day late in 30+ years thanks to paper statements in the.
US MAIL. US MAIL IS NOT BROKEN...WHY FIX IT???. I actually do use the. ON-LINE. Statements for a reference...but I don't want it to be the. Only. Way to get a statement. I don't sign-on to see my. SPAM. On a daily basis (not that I get much). You can do another post about. WHY DO YOU FEAR MAIL IN YOUR MAIL BOX. This post has been edited by. GEORGE. : 13 January 2010 - 07:43 PM.. |
|
I like the convenience of the e-statements and as for security purposes, I feel safer with them and they are more reliable. As for hackers and such, well it's no less or more of a threat than through the mail, either way people can get your identity, and as soon as my statements come, I print a copy for my files and delete the email. I also have the online billpay so I can view and pay my bill within minutes and file everything away. As with everything there's always pros and cons and there's always times when things just don't go right, so do what you feel is best for your life and circumstances!..
|
