I use my card for pretty much everything so it never impacted me.
I saw that a lot a couple of years ago and I haven't noticed it lately maybe it's coming back. I rarely use cash, but a few months ago I sold something for quite a bit of cash so I was using cash for a couple of months without any issues.I was at the Dollar Tree store and they had a sign up saying to use a card due to the national coin shortage. That was the first time I have seen or heard about this.
The store was pretty sparse on items.
I'm not a credit expert, but I don't think that is how it works. What you charge in a statement period and that you have paid off the balance are what counts, not whether you paid it off on a daily basis or once a month. I only have one credit card and I pay it off, often before the bill posts. My credit score physically could not be any higher so it seems to work.
If the balance never posts to your credit bureau it looks like you don't use credit. So you have an 850 credit score?
Looking at the statement it lists:
My credit score is 842 and have like 30 cards open. I guess both strategies work as long as pay your bills on time and keep utilization low.
I have never cared about my credit score, so I have never had a strategy other than to pay my bills on time. I have always gotten the best mortgage and auto loan rates so I never investigated. I only know my credit score now because my bank posts it on my account summary. With the growth in the need for a credit card, I may get a second card so I may use my credit score then. I know these days there is some risk to traveling with just one credit card in case it gets compromised. I can't imagine having 30.
I churn through credit cards to accumulate points and miles to travel for free. It works for me. It's a hobby. I've never had a credit card compromised while traveling, but I have lost one. It's probably safer to have a backup card especially when you are out of the country.
I had attempted fraudulent activity on my card that my bank spotted. Unfortunately, it was 2 days before we were leaving on a vacation. Bank overnighted me a new card.
the other 3 cards? amazon cuz it's basicly giving me 5% off every purchase AND amazon is one of the most common phising purchases fraudsters put on debit/credit cards so if one shows on my other accounts it's an automatic tip-off. costco-cuz...it's costco. amex b/c they will fight tooth and nail for their customers on disputes. i'm still surprised i get rewards on a no fee card from them but i set up my streaming services and other autopays with them so i end up with a bit over the course of each year.
One must remember Clark griswold when Ellen lost her card and the bank cancelled his, causing him to have to write a check and steal money from the desk clerk’s register. All of that could have been avoided if they carried another credit card with them.i can't get into the churning thing. i use my credit union's card as most people would use a debit card-i just don't want to have to keep track of/write down the debits in my check ledger/for tax records when the credit card keeps better track. i do earn points on it and get some discounts but we really only got it when we were going to canada and learned they did foreign transactions/atm withdrawls free of charge
on having a backup credit card while traveling-YES, YES, YES!!! we had a nightmare some years ago that was entirely the fault of disney cruise lines that caused a mess with the sole credit card we had on us. the credit card company tried to facilitate getting it cleared up with disney but apparantly all their charging services are done off board and they have to communicate via email....took weeks to clear up. i will never travel without a backup card again.
Does anyone know why Visa and Mastercard issue the same credit card number for the main card holder(s) and authorized users?One must remember Clark griswold when Ellen lost her card and the bank cancelled his, causing him to have to write a check and steal money from the desk clerk’s register. All of that could have been avoided if they carried another credit card with them.
My son and I have Mastercards where he is authorized user. His number is different than mine, I believe.
It may depend on the issuing bank? Our REI card is a Capital One MC and DH and I have different numbers. I think when it was through US Bank and a Visa they were the same. Most of my cards are Visas and they have the same number.
Our Citi AA cards have the same number.
That looks to be the case.
