Do you keep a credit card ? Or only a debit ?

Some banks put a photo ID on cards and others set purchase limits of your choice. Thus, if you know your purchase is going to go over a security limit...you need to call the bank just prior to the purchase...they'll ask security questions...then you can tell the store clerk to scan the card.

Very useful to stop the security problems with Paypass especially when most store clerks do not look at the photo ID that's on the card.

wrbtrader

 

Yep.

And you also need to call them if you are travelling to another country, otherwise the system will block the card if it sees a transaction coming from, say, downtown Moscow, and you currently live in sleepy Hackensack, New Jersey.

 

I bet they have better pizza than YUM brand's Pizza Hut, at the local shoppes I mean, hehe.

 

I don't have any outstanding debts or any credit cards except for my amex (which cycles though 100-150k per year in monthly expences). Yet my credit score is very close to the upper bound.

 

Sure, it is possible to have an excellent credit report without having a single bank card.

 

Others say that's not possible and that fuels the growing global debt crisis dependence upon having a credit card to began that debt process.

wrbtrader

 

Sometimes I have to use such options, but I try to do it very rarely.

 

I charge to fidelity credit card with 2% cash back.

The cash back gets rolled back into a 3% dividend yield stock.

I hate holding cash