>>I just saw an article today about the vulnerabilities in the cell phone OSs<<
Yay them. They can do the same as reading my Credit Card # over my shoulder or in a restaurant?
Zero marginal net effect.
You think I keep anything IMPORTANT on my cell phone?
I don’t have a useful FB page, I don’t twitter and I don’t text.
I don’t keep anything on my phone either. But when someone is talking about making purchases with your phone, and there is news out about the vulnerabilities, will be just like losing your CC.
Probably a bit painful, but really, not too bad.
LifeLock agrees with you. But I’m sticking with my locked-down, single account debit card. My bank manages it well and I call them before travel or major purchases so they don’t freeze it -as they’ve done in the past.
http://www.lifelock.com/education/your-money-and-finances/debit-credit-card-protection/
“But in comparing the two most widely used forms of payment—debit and credit cards—credit cards offer more protection and less risk because funds are not being directly withdrawn from the user’s bank account as it is with a debit card. Fraudulent withdrawals on a debit card can result in bounced checks and no access to cash while the bank investigates their report.
Additionally, most credit card companies allow 90 days for a victim to report an unauthorized transaction, while banks generally require a two-day notice for unauthorized debit card purchases. For debit cards, your loss is limited to $50 only if you notify your financial institution two business days after learning of loss or theft. It then goes to $500 until 60 days after the statement is mailed and becomes unlimited thereafter. For a credit card, your liability is limited to $50 for any fraudulent use.