How To Hide Naughty Credit Card Purchases
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A friend asked me this week with a reasonable concern regarding the use of his credit card for a purchase that may affect his credit:
Hey, dude. I want to buy my girlfriend some “nice” lingerie from an online merchant that may be considered somewhat “spicy” to banks. I heard that people who have memberships to adult websites usually have lower credit scores. Should I charge it on my credit card?
It is already known that credit card companies do analyze the types of transactions that are made with credit cards. The activity on a credit can be used to create an overall profile of a consumer. Therefore, there are certain purchases you should not put on your credit cards.
Things not to put on your credit card include:
- Traffic tickets
- Retreading tires
- Bargain binges
- Adult playthings
- Marriage counseling and therapy
- Lottery tickets
- Cash advances
- Personal pampering
- Income taxes
Effects on Credit
Luckily, should a consumer choose to make naughty purchases such as gambling, adult entertainment, and alcohol – there would be no direct effects on your credit history or credit report. Rest assured that the credit bureaus do not care what types of credit card purchases you make.
The credit card companies on the other hand… do care.
People are judging people all the time and banks are judgmental too. After approving your credit card application, credit card companies will truly learn what your financial habits are. Even though they may not cancel your card, they can limit the privileges of your account.
Naughty purchases are considered risky behavior in the eyes of credit card companies. If you called to ask for a lower interest rate or to have a fee removed, good luck – because a flagged card would certainly decrease your chances of getting it.
Use Your Credit Card, But Safely
While refusing to use your card is the 100% safe way to go when making naughty purchases, it may be impossible to buy anything online without one. Two ways you can avoid having your credit card company find out about these purchases are through gift cards and electronic payment services.
- Gift Cards
These are not store gift cards what one would normally purchase. The gift cards that you should get are those from Visa, which can usually be purchased online or at a major bank branch. The gift cards can be paid for with your credit card and they work the same as a prepaid credit or debit card. Since your name is not connected with the card, you can now use it to pay for your “dirty little secrets”.
- E-commerce Payment Services
The first option that comes into mind is Paypal. Online payment services may or may not be a viable method of paying for naughty stuff because it depends on how the company describes your purchase or whether or not they provide money payments and transfers to these risky businesses.
There are probably several other ways to hide your naughty credit card purchases but I do believe that gift cards is the best alternative other than strict cash. Cash is not dead and is still a powerful financial tool.
(Photo credit: Stitch Out Loud)