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

[wrbtrader]

I have Visa, Mastercard and American Express prepaid cards, they are all re-loadable (online and offline) and accepted around the world. You can put up to $10K on each card.

They don't have the Paypass feature and I don't want it anyway, for security reasons.

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

 

[Tradex]

you need to call the bank just prior to the purchase

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.

 

[Overnight]

...sleepy Hackensack, New Jersey.

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

 

[Same Lazy Element]

Neither have I heard of anyone maintaining good credit score by just (as in only) paying their monthly utility bills.

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.

 

[Tradex]

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.

 

[wrbtrader]

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

 

[Saithinin]

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

 

[hilmy83]

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