Wireless Provider Gripe

Lantley wrote:
Granted it limits your exposure. but sooner or later the credit card needs to be paid. You either pay with a check or direct transfer on line.
There is no free lunch. You end up giving access to your bank account.

Actually. No. For multiple reasons.

First, paying with a credit card insulates your bank account and its data from fraud because you are not giving anyone your critical bank account data.

Secondly, NOBODY but your own bank has access to your individual bank account data when it pays your credit card. The bank that holds your bank account is the paying bank. It makes a bulk transaction to the credit card issuing bank each day, not just for you, but for you and many others. Your account at the credit card issuing bank is credited from the bulk transaction account at your paying bank, which is debited and credited from your individual bank account. In fact the debit from your account occurs as the bulk transaction account is credited. The credit card holding bank is usually paid within 24 hours of the deduction from your account. Your bank account data never leaves the bank you hold your account in. This is especially true if your bank and credit card issuer are one and the same.

In my case I pay the credit card bill each month with one transfer from my Navy Federal Credit Union checking to my Navy Federal Visa. All outside transactions are securely handled by the credit card and are better protected legally than would be my bank account and main assets. Using the credit card effectively firewalls my bank account from anyone.