After my husband’s wallet was stolen, we went through the nightmare of trying to figure out what cards he had in his wallet. We had already been notified by one of the credit card companies about possible unapproved use. I love that the credit card companies today are so quick to spot fraud. The downside of that is that they know more about our spending habits than maybe they should.
The person that took my husband’s wallet used two credit cards. We ended up canceling four credit cards since we weren’t sure which ones he was carrying. The thief spent over $90 filling up his gas tank and apparently a friend’s, using two separate cards, at the same gas station. $10.23 at Jack in the Box bought him some breakfast. The oddest thing to us was the $31.77, for running a background check on someone, that, fortunately, was not us. But I did have to call to make sure it wasn’t on us. He didn’t get much, but still, he wasn’t entitled to anything.
It was time to do something.
I had been thinking it was time to get rid of a few more credit cards before this happened. How about you? Do you have a large number of credit cards, some of which you could eliminate? Today may be a good day to start working on that, before they are stolen, whether physically or over the internet.
Continue reading “Should You be Eliminating Credit Cards?”