mo problems

[desh]

Has it really been that long since I last posted a pointless poll? My, how time flies like an arrow. And how fruit flies like a banana.

[Poll #942679]

I just bought a CD from The Hold Steady and another from Sufjan Stevens. Ask me in a couple weeks if you want to know how they are.

JITW tomorrow! Whee!

Comments

[kyra.livejournal.com]

I could give a long-winded blathery explanation about this, involving issuing banks and bullshit like that, but here's basically what you need to know: when your card is used as a debit, it deducts in real-time and settles up later. This is why you should not use debit for restaurants/hotels - if some goon double-swipes your card, they've just tied up a shitton of your money until the second transaction releases. OTOH, when a cc is swiped, the system calls out for an authorization, which sets aside a portion of your credit limit for use. The authorization can last from a few days to a month, depending on when the batch is settled. What this boils down to: you can go over your credit limit, but you're not tying up real time money.

There's a lot more that goes on in there which I dismiss as magical handwaving, but.