How much does our Board of Directors make? Here's a hint:
Don't EVER put these four things on a credit card.
Contrary to popular belief, using a credit card to make purchases instead of cash can be a very healthy practice - especially if you don't carry a balance and you use a rewards credit card like our Platinum Rewards MasterCard. But there are four things nobody should ever put on a credit card:
Electromagnets: Electromagnets can damage the magnetic strip on your credit card, rendering them useless except in cases where the number is manually entered. (Such as an Amazon purchase.)
Other people's names: In the signature strip on the back of your card, never put another person's name or doodles of any sort. This space should be reserved for your own signature and other markings are not advisable.
White hot molten metal: As with the electromagnet, white hot molten metal (such as the kind one finds in steel mills or the volcanic planet Mustafar from Star Wars III) should not be put on a credit card except in dire circumstances, and NEVER while in your pocket. (Am I right, Brian?) The card will likely melt causing damage to the card or extreme pain if it touches the skin.
Logix Haikus for #WorldPoetryDay
Open Season: Thoughts on Tax Time
Occasionally, Logix will invite members of the community to contribute to our blog. These guest posters bring unique perspective to financial subject matter, but the opinions expressed may or may not represent those of Logix.
Tax Refund Fraud - What You Need to Know this Tax Season
Fraudsters who use stolen personally identifiable information can perpetrate a wide variety of fraudulent financial schemes, such as hacking online accounts, submitting phony insurance claims, and applying for loans and credit cards to pad their bank accounts. Increasingly, though, identity theft tax refund fraud is becoming a favorite money-making scheme for criminals. The Logix Fraud Risk Management team has seen an increase in this type of activity. With tax season upon us you should be prepared to ensure you don’t become a victim.
Ways to Protect Yourself
