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No. of Recommendations: 1
I keep a negative balance on my credit card and pay the statement balance when the bill comes due at the end of the month. Seems easier than transfering money into the account for every single purchase just to avoid fraud. Besides, most banks will let you overdraft a checkcard; and if it was done fraudulently, you're still as stuck as if your money had been in the account -- if they do and you don't cover the debt, the bank will likely try to ruin your credit.

1. Why in the world would you allow the credit card company hold your money paying no interest to you (negative balance).

2. Transfering the money isn't a big deal when you only make 1-2 purchases a month on a debit/credit card.

3. I know for a fact that my bank won't overdraft the debit card - it's in writing.

I do NOT like other people (credit card companies) knowing my spending habits - this is exactly why I don't use credit cards for all purchases (even for airline miles). Not worth it.

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