CBFCU announces it is offering CardValet®, a new card management and fraud mitigation tool for debit cardholders. Cardholders simply download the free app from the Apple®App Store or Google® Play Store, and then they can actively manage their debit cards.
With this new and powerful debit card management tool, our cardholders can set parameters for when, where and how their debit card is used. It’s easy to turn ‘off’ your debit card from their smartphone, and then turn it back ‘on’ when you want to use it.
The on/off feature is only one of the safeguards available with CardValet. Using the GPS system in the smart phone, geographic use restrictions can be established. Other controls can restrict usage by merchant and spending limit. Real time alerts create another layer of fraud protection with notice that a transaction was attempted, declined, or both.
CardValet puts the control of debit cards right into the cardholders’ hands. Link more than one account to keep track of all debit cards in one easy-to-use application.
Make Everyday Purchasing Quick and Easy
The VISA Debit Card makes everyday purchasing quick and easy, because it works like a check, and it’s safer than carrying cash. Even better, there’s no need to show ID, or wait for approval—so you’re in and out of stores in no time. You can use the VISA Debit Card wherever VISA is accepted.
The VISA Debit Card also acts like an ATM Card. You can use it at 400,000 ATMs in the VISA/PLUS Global ATM Network. The VISA Debit Card is so easy to use, why carry anything else?
To qualify for a debit card, you must be 17 or older and have a checking account at CBFCU.
All applications are subject to credit approval.
Debit Card: Frequently Asked Questions
Q: Why isn’t my debit card being approved for transactions?
A: Some possible reasons could be that you have insufficient funds, you have a loan payment that is past due, or you have exceeded your spending limit for the day. The most common reason is because the merchant is processing your card as a “credit” transaction. Our cards require a PIN and to be processed as “debit”.
Q: I need to purchase an item online/over the phone and the amount is greater than $1500.00, what do I do?
A: Contact Member Services at 423.496.3812 or 706.632.4888 during business hours in order to raise your “not present” debit limit temporarily.
Q: What are the extra 3 digits found on the signature strip on the back of the card?
A: Those digits allow online access with your debit card as well as protection to prevent fraudulent use of your account.
Q: My debit card is going to expire next month, do I have to reorder a new one?
A: No, a new card will be sent before the end of the expiration month, you will need to re-activate the card by calling the 1-800 number.
Q: How much does it cost to have a debit card?
A: There is no monthly fee to have a debit card.
Q: My card is cracking, can I get a new one?
A: Yes, there is a $5 replacement fee.
Q: My card was lost/stolen, what do I do?
A: Call 1-800-472-3272.
Q: Someone is making transactions on my card without my authorization, what do I do?
A: Report the card lost/stolen first, then contact your local branch to discuss fraudulent activity and the actions that will be taken.
Q: What do I do if I forgot my PIN?
A: Call toll free 1-800-992-3808 and follow the prompts to reset your PIN.
Q: Can I change my PIN?
A: Yes. Call 800-992-3808 and follow the prompts to change your PIN.