Is it wise to have one card for miscellaneous purchases?

[Anonymous]

I got 2 debit cards and 1 credit. Only one debit card is for miscellaneous, whatever purchases. I place fewer funds on that card and don't mind; let's call it card M. The other two cards, those I never give out over the phone nor online.

Yesterday I've used card M to buy a club trial over the phone for $20 a month. Card M is the only one I don't care too much though, as long as money is only charged from that card.

Is that wise though? To use 1 card for miscellaneous purchases?

[Anonymous]

There’s no right or wrong answer here. If that’s the way you manage your finances and it works for you, keep doing what you’re doing.


I don’t have a debit card and don’t want one. I use a credit card like a debit card, which gives me up to 5% cash back on purchases in certain categories, but no less than 1% on everything. It adds up quickly. I pay it off in full each month. There’s also fraud and other protection using a credit card that may not be available with a debit card.


Again, if what you’re doing is working for you and you’re comfortable with it, don’t feel like you have to change anything.

[jamesgoldman]

Yeah, it's a good idea
I personally have 3 debit cards and 2 credit cards

Not touched the credits since the pandemic
One debt is for business, one is my general slush fund and the last is to save for bigger things

[exitseven]

It is probably a good idea to do that. It will help you keep track of your purchases. I have one card that I use exclusively for online purchases. When the bill comes I can check to make sure I did not get ripped off.

[exitseven]

Thanks for the MHO😎

[MORPHEUS_12]

Yes, especially if you travel.