Wednesday, July 8, 2009

Better hide it with cash

I was listening to NPR this afternoon and heard a surprising piece on how credit card companies are monitoring our buying behaviors. They are not only keeping tabs on how much you are buying, but also what you are buying - actually itemizing your purchases. Very Big Brother. And in a new twist of invasion of privacy, they are rating your purchases to decide whether you are too risky a customer to them based on what you're charging to your card. Basically, the thinking goes if you are either 1.) bargain shopping or 2.) comforting yourself, those could be signs that you have lost, are going to lose, or fear losing your job and that they should cut ties asap.

The top 10 things not to buy with your credit card? Find out here.

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