Carry a backup6 of 8James C. Roberts III, managing principal of Global Capital Law Group and CEO of Global Capital Strategic Group, was in Milan when three of his cards were abruptly canceled. The reason? "The database of one of the merchant clearinghouses had been hacked," Roberts says. For security reasons, the bank canceled all credit and debit cards and then reissued new ones to its customers.Fortunately, Roberts, who spends about half of the year on the road, had a backup card. "I used a card from a different bank card until the replacement cards arrived," he says.« Back to Traveling with credit cards. Related Articles:Credit card payoff calculator2010 cash-back rewards surveyCredit cards fees studyRelated Links:See your FICO scoreFind the best credit card for youWhy your rates go up advertisement
James C. Roberts III, managing principal of Global Capital Law Group and CEO of Global Capital Strategic Group, was in Milan when three of his cards were abruptly canceled. The reason? "The database of one of the merchant clearinghouses had been hacked," Roberts says. For security reasons, the bank canceled all credit and debit cards and then reissued new ones to its customers.
Fortunately, Roberts, who spends about half of the year on the road, had a backup card. "I used a card from a different bank card until the replacement cards arrived," he says.
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