Keep a Separate Credit Card Just for Accounts in Case of Wallet Theft

Most banks have special rules regarding credit card theft. However, canceling the card and all its automatic payments can still be a problem. NerdWallet writer Virginia McGuire has a solution: assign a specific card to automatically pay bills.

After her credit card was stolen, McGuire went through the hassle of resetting her bill payment information. We’ve all been there, and she explains her decision:

Most of us have multiple credit cards anyway. If you already have multiple accounts, the easiest way is to assign one credit card solely for automatic bill payment.

I now keep this credit card at home – well hidden and protected by a burglar alarm – and carry another credit card with me for my day-to-day expenses. That way, if my wallet walks without me a third time, I no longer have to change my Netflix account billing information.

Yes, credit card information can still be compromised (possibly one of the providers gets hacked), but her method still minimizes overall risk. This is a smart idea and easy enough to implement. For more details, skip to its full publication below.

Having a Credit Card to Pay Bills Makes Fraud Less Disruptive | NerdWallet


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