Quote:
Originally Posted by retiredguy123
Every time you make an online credit card purchase, you are providing the merchant with all the information needed to make fraudulent purchases on your card, or to sell the information. That is why I have a reloadable VISA debit card to use occasionally when doing business with an unknown merchant. I also use it for a streaming service that will only accept autopay. It is a "MyVanilla" VISA card that I got at Walgreens.
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I had a reloaded VISA debit card which the numbers were stolen as I never actually used the card. purpose was for the same reason, thieves buying a company and getting a credit card validation machine testing out numbers is not preventable.. . however, the amount stolen was small, and i ignored the vendor emails questioning the card because I never used it. . my fault
Low max balances are the key, thieves can't make many transactions, especially if you keep a balance. . My 500 max cc was good for many years until recent inflation made it too easy to exceed the limit. . . on vacation i went over and it dinged my credit rating. . . so I laugh at the credit ratings formulas when i have zero loan balances across the board zero on a larger credit card, . . . and go over a $500 limit by $500 and paid off the next month. Zero context just pure math of total - limit. I also make weekly auto transfers from the checking account to the credit card so that I don't usually have a minimum monthly amount to pay each month
not a good cc holder as the bank doesn't make any interest on my card.
future former finance guy