Credit cards & corruption

Just back from the exercise walk today on a lovely morning.

When I arrived on the south side of the Rio Bravo these many years ago, I came with two credit cards, one from Wells Fargo, the other from a bank I now forget. I used the latter in 2003 to make monthly payments automatically for a Sky TV service. Sky almost immediately started to hose me, overcharging the card.

Oddly, the bank would not let me block future charges, so I had to cancel the card, leaving me with just one, the Wells Fargo. A year or two later, when I received a renewal card in the mail from up north, the fraud department wanted me to jump through so many hoops to activate it that I canceled it too. So, no credit card.

I started using a debit card online, which is a dreadful idea. I had two banks at that point, a Mexican account at Banamex, and a U.S. account at Banamex USA in Los Angeles. I finally obtained a Visa card from the Banamex account. It had a very low limit, the peso equivalent of about $150 U.S, so rule out a European splurge.

It was the same sort of starter card they offer campesinos.

My credit card history above the border was stellar, but credit history does not travel across the Rio Bravo. Down here, you start from scratch. Mexico has a credit bureau.

In 2014, due to the nincompoop FATCA legislation from the Obama Administration, Banamex USA closed my account with little warning, leaving me just the Mexican bank account with its almost useless credit card.

I was mad at Banamex in general, so I opened another Mexican account at HSBC only to learn it would not give me a credit card, in part due to my age. You read that right. HSBC is a nightmare bank. Avoid it. And I had canceled the Banamex account.

I then opened an account at BBVA Bancomer to have a fallback. After a wait of about three months, they gave me a Visa credit card with a free additional with my wife’s name on it. I have since requested a second one which also came with a free spouse card, plus the two have digital cards connected. So, all told, I have six Mexican credit cards.

BBVA Bancomer is an excellent bank. It has dropped the Bancomer name, and is just BBVA now. I have also tried out and found wanting accounts at Banco Santander and Banco Azteca. I investigated opening an account once at Banorte, but the woman with whom I was dealing briefly was so surly, I decided against it.

And I dumped the HSBC account. BBVA now serves all my needs nicely.

I have the BBVA app on my Motorola cell, and I check it daily. On two or three occasions, I found fraudulent charges. Since the cards never leave home, I wonder how that’s done. I suspect it’s bank employees. No matter, a phone call to the bank gets the matter resolved, the card in question cancelled, and a replacement rapidly arrives at my door.

Fraudulent charges, quite a lot, appeared on one of my cards just last week. Someone was having a field day purchasing goodies from Mercado Libre. A replacement card is en route. I’m a big fan of BBVA even though I do think it’s bank employees who occasionally buy stuff with my card. Let’s just call them bad apples.

From what I see on internet forums, lots, probably most, Gringos who move to Mexico live here for years without Mexican bank accounts and without Mexican credit cards, relying totally on their accounts up north. This often gets them into binds.

If you’re gonna live in Mexico, you need a Mexican bank and credit cards.


Now let’s turn to politics, always fun.

Have you heard about last week’s revelations in the New York Post that Hunter Biden, in cahoots with his creepy dad, aka The Big Guy, were selling access to the White House when Sleepy Joe was vice president?

Have you read about Facebook and Twitter censoring mentions of the scandal? And how that censoring is blowing up in their partisan faces? If you know little or nothing about these things, that means you get your “news” from The New York Times, The Washington Post, CNN, the Houston Chronicle and others of their ilk in the mainstream media.

All for now, amigos. Vote for Trump.