jesse_the_k: Panda doll wearing black eye mask, hands up in the spotlight, dropping money bag on floor  (bandit panda)
[personal profile] jesse_the_k
To minimize the damage if my credit card is compromised/hacked/stolen online, I maintain an only-online credit card with a very low limit. In the unfortunate event that it's stolen, there's not a lot of damage the thief could distribute.

This works particularly well because my credit union permits me to overpay the card if I need to buy something that's over its standard limit. So if I have to buy a plane ticket to New Zealand(1), I can transfer $2000 to the card and then charge.

For my everyday life, I have another credit card that's got a higher limit. I never use it online.

(1) I wish.

(no subject)

Date: 2017-07-02 11:21 pm (UTC)
sonia: Quilted wall-hanging (Default)
From: [personal profile] sonia
Good idea! Relatedly, I tied my Paypal account to my business savings account (which I don't use) rather than business checking, so they can't suck money out if they get a mind to. Makes a two-step transfer when I want to get money out, and it's worth it to me.

This is how rumors start! So *if* you were going to New Zealand, when would you go? What do you want to see?

(no subject)

Date: 2017-07-03 12:14 am (UTC)
sonia: Quilted wall-hanging (Default)
From: [personal profile] sonia
Your New Zealand aspirations sound lovely!

There's never any money in the biz savings account, except briefly when I transfer a payment from Paypal to savings and then out to checking.

(no subject)

Date: 2017-07-03 05:44 am (UTC)
monanotlisa: Diana as Diana Prince in glasses and a hat, lifting the rim of the latter rakishly. HOT! (Default)
From: [personal profile] monanotlisa
I too dislike PayPal -- I am not opening a wallet with them because of their terrible customer service, but I would be careful about believing horror stories about "arbitrary" delays of disbursements. PayPal is a money transmitter in the US and a bank in Europe; they follow strict and often byzantine rules about how they have to vet customers who receive money.

(no subject)

Date: 2017-07-03 01:34 am (UTC)
lilysea: Serious (Default)
From: [personal profile] lilysea
I maintain an only-online credit card with a very low limit.

(Only if you are comfortable answering)

how low is low?

My online credit card has a $1000 limit, which is the lowest the bank will go without closing the card.

(no subject)

Date: 2017-07-03 02:00 pm (UTC)
lilysea: Serious (Default)
From: [personal profile] lilysea
Here in Australia, new rules mean they're not legally allowed to do that anymore.

(no subject)

Date: 2017-07-05 02:26 pm (UTC)
wild_irises: (monopoly)
From: [personal profile] wild_irises
This seems super-smart to me. I may do something similar, so thanks for the tip!

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jesse_the_k: mirror reflection of 1/3 of my head, creating a central third eye, a heart shaped face, and a super-pucker mouth (Default)
Jesse the K

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