[quote=flu]
The other thing is that Citibank/BofA and other banks routinely cancel credit cards IF there was a security breach at one of the merchants that had your credit card number…What happens is one of these merchants report to your CC that your info has been compromised, and then the CC company automatically cancels the card and reissues you another one. The fault is the merchant you bought from, not the CC company [/quote]
That IS what the BofA says happened-a merchant reported a security breach to the BofA.
I am NOT unhappy that the BofA caught it and they even told me that I could use the cancelled card until the new one arrives.
However, I am not going to test that theory-
One caveat-I looked at my statments and noticed the card was also used recently to re-up the Sirius subscribtion and for the dog kennel. I mistakenly thought that I had only used it for the AT&T bill. I did not feel like inputing the new CC info for these rare occuring and recurring charges.
