Identity Theft Issue

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Michael
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Identity Theft Issue

Postby Michael » Sat Jan 17, 2015 1:13 pm

I have five credit cards in my wallet:

AMEX BCP for 5% groceries and 3% on all gas but Costco

Cap One Quicksilver for 1.5% on everything else

Costco AMEX for Costco gas (cheap) 3% and restaurants 2%

Target Redcard 5% at Target

Meijer MasterCard mainly just to have a MasterCard in case I go somewhere that doesn't take AMEX and the Cap One Visa doesn't work for some reason

Is this too many credit cards to carry on my person and is this a huge Identity theft exposure?

Thanks.


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Vattené
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Postby Vattené » Sat Jan 17, 2015 7:21 pm

I wouldn't worry about it too much. I carry a wallet with my ID, a debit card, and four various credit cards, and I find the risk to be pretty small and worth the convenience of having everything I would typically need on me. If you're really worried about someone stealing your wallet, the most they can get is the cards you physically carry. Canceling them and dealing with any unauthorized charges would be a pain, but it's not like they could open any accounts in your name. Just don't carry your social security card on you.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

Battery111
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Postby Battery111 » Sat Jan 17, 2015 9:43 pm

Vattené wrote:I wouldn't worry about it too much. I carry a wallet with my ID, a debit card, and four various credit cards, and I find the risk to be pretty small and worth the convenience of having everything I would typically need on me. If you're really worried about someone stealing your wallet, the most they can get is the cards you physically carry. Canceling them and dealing with any unauthorized charges would be a pain, but it's not like they could open any accounts in your name. Just don't carry your social security card on you.


I actually don't even carry a debit card anymore. Had my bank give me a straight ATM card with no Visa feature I can use to get cash. If they want to use my credit cards then while it's inconvenient for me I really don't have any exposure. The ATM card would require them to know my PIN so I'm not too worried about them accessing my bank account.
Citi AAdvantage Executive World Elite MasterCard
AMEX Platinum
AMEX Everyday Preferred
USAA AMEX
Discover IT
Chase Freedom
Chase Sapphire Preferred
NFCU nRewards Visa

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Vattené
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Postby Vattené » Sat Jan 17, 2015 10:25 pm

Well, I'm actually carrying a debit card that doesn't work. My old one expired in September. I never could get the new one the bank sent to work, but I still haven't done anything about it. Goes to show how much I use a debit card.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

ingramjuan
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Postby ingramjuan » Sun Jan 18, 2015 6:38 pm

I carry around the same amount, just don't carry your SSN in your wallet. I also keep a back up ID and debit card at home for emergencies.
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

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PlyrStar93
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Postby PlyrStar93 » Sun Jan 18, 2015 7:24 pm

I don't normally do this, but I can carry all 4 credit cards, 3 debit cards, and 1 Amex Serve card without an issue. Identity theft is mainly about stealing your personal information like name, address and SSN, so it doesn't pose me risky on identity theft for just carrying bank cards. The most the thief will know is those card numbers (which I can contact my banks to change), but they can't log into my bank account or see address or SSN.

I bring passport out, which does not show my address. I don't have driver's license as I don't drive. As above and the SS card instructions have said, don't carry SSN card out.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

yfan
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Postby yfan » Sun Jan 18, 2015 9:04 pm

Michael wrote:AMEX BCP for 5% groceries and 3% on all gas but Costco [snip...]

Costco AMEX for Costco gas (cheap) 3% and restaurants 2%

Any reason why you don't do your grocery shopping at Costco as well? After all, the Costco Amex gives you 3% back on gas anywhere, not just at Costco.

Michael
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Postby Michael » Mon Jan 19, 2015 7:12 am

Well, AMEX BCP gives 6% (not 5%, my mistake) on groceries, up to $6000 annually. We do buy some groceries at Costco, but mostly at a traditional grocery store (kroger).

As respects gas, AMEX Costco and AMEX BCP both give 3% on gas. We buy a lot of gas at Costco with 3% on gas, but when we need to buy Shell or Mobil, etc. we use AMEX BCP because your rebate can be cashed at any time, not just once a year, like at Costco.



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