Best Credit Cards for You!

A new warning from the Identity Theft Resource Center (ITRC) says thieves are now skimming RFID information in order to steal credit card and debit card information. According to the not-for-profit organization, identity thieves are able to harvest numbers and personal details from new debit and credit cards by brushing past a purse or wallet.

How is the New RFID Technology Scanned?

Many credit and debit card issuers have started releasing cards to the public that come equipped with an embedded radio frequency identification (RFID) chip.  The cards use radio waves to transmit card information by simply swiping it through the air in general proximity of the card reader.

While the new technology makes it simple to complete card transactions, the ITRC says it makes identity theft simple as well.

Full Post…

Tags: Card, Credit Card

Share

I have a question for other GRS readers. It’s a simple question: Should I sell my car? It actually seems to have a very simple answer: Yes.

I keep writing lists and outlining the reasons why I should sell my car (and why I shouldn’t), and the balance lies very clearly in favor of selling my car. And yet I’m having the hardest time selling my car.

Why? I’m a practical, logical, pragmatic person. Why is this so hard to do? Why is selling my car so difficult? Even with the facts laid out, staring me in the face, I’m having the hardest time selling my car.

Tags: Car

It has recently been announced that credit card rates have reached their highest in thirteen years, even though the base interest rate remains at its all time low of 0.5 percent, where it has been for nearly two years. Many borrowers may have thought that this would equate to more affordable borrowing on credit cards but the only purpose it has served is to widen the gap between the base rate and the average credit card borrowing rate.

There is now a massive gap of 18.4 percent between the base interest rate and the average credit card borrowing rate, which is going to put huge financial strain on many households who are already struggling with issues such as the VAT increase, job losses and pay freezes, higher living costs, and restricted borrowing conditions.

It was in 1998 when the average credit card rate was last this high, and at that time the base interest rate was higher, so the gap between the two was not as wide.

Full Post…

Tags: Card, Credit Card

While many scam artists are out there waiting for their next victims, shopping online doesnt have to be scary. Stay ahead of the curve by doing your online shopping with a temporary credit card. Temporary credit cards, also known as throwaway cards or virtual credit cards, can help protect you from identity theft and fraudulent use of your credit cards. Temporary cards are essentially credit card numbers generated by the issuing bank that are attached to your account but may expire immediately after use or according to other similar terms.

When Is a Good Time to Use a Virtual Credit Card?

Different card issuers offer different kinds of temporary cards or alternatives, so it is best to do some research before selecting your plan of action. You may benefit from using a virtual credit card when you are shopping online at a merchant that is not as well known as shops like eBay and Amazon.

What Is an Example of a Temporary Credit Card?

Bank of America offers ShopSafe to cardholders.

Full Post…

Tags: Credit, Temporary Credit

Hackers break into computers or computer networks for a variety of reasons. Some do it illegally for profit, some are paid to do it legally, and others simply do it for the challenge. Credit card hackers, however, do their dirty deed with only one thing in mind—stealing your credit card information to make money.

Ever heard of Lush, the handmade cosmetic company that sells all sorts of interesting bath and shower products? Their UK website was recently hacked and may have exposed the credit card information of every customer that purchased a product online between October 2010 and January 2011.

Once customers started posting on Lush’s Facebook page that their stolen credit cards had been used to make unauthorized purchases, the company eventually decided to shut down the entire UK site and issue an email on January 21st notifying everyone that was potentially exposed to the breach.

Full Post…

Tags: Credit Card, Hackers