Your wallet can easily become cluttered with loyalty cards, coupons, cash, checks, store credit cards and a host of identification cards. An over-stuffed wallet is a hassle to carry and it may make identity theft easier. Give your purse or wallet a good once over. Look for things you don’t regularly need, and take them out!
1) Your Social Security card
It’s easy enough to stuff the card into your wallet when you need it for identification and then forget about it.
That could be a big mistake. Thieves can use your original Social Security card to apply for all kinds of unsecured debt in your name. Canceling your Social Security number and getting a new one is a complicated, time-consuming process, and you may be liable for fraud as you do so.
Put it in a secure location in your home, like a safety lock box.
This is by far the easiest way to accumulate paper in your wallet. You never know which might be needed later and you stick them all into your wallet.
This could be serious trouble if your purse or wallet is ever stolen or lost. Thieves can use the last four digits of your credit card number on a receipt to build a profile of your purchases, and can fish for more information with a merchant who has the card on file, like a cable company or an online retailer.
Think about going paperless. Turn your phone into a digital file box. Information can be encrypted to keep it out of the hands of malicious people but still accessible to you if you need to check a purchase.
3) Credit cards
Every store seems to offer its own card and incentives. Those cards can really add up. Tack on an extra couple of cards for gas purchases, everyday expenses and work-related stuff and you could easily end up with a wallet or purse full of plastic.
Thin down to the one or two you use regularly. Use a credit card that can be widely accepted, provides the lowest fees and offers the best rates. Put the rest of them into a safe place at home, using them only when you need them.
Once you’re down to your top cards, make a list of their numbers and the steps you’d need to take to cancel them if necessary.
Stanford FCU offers credit card suited for various needs. Check out the benefits and apply for the card that right for you.