Equifax had a large breach last year that affected millions of Americans by exposing sensitive data like social security numbers, addresses, phone numbers, and more. Most people reacted by freezing their credit accounts.
After reading a few stories from subscribers, I think it's worthwhile to make this post to take proactive steps.
One subscriber mentioned how hackers are using the data from the Equifax breach. Apparently, one way is that hackers are trying to buy Apple products online through Barclays financing.
The subscriber received a rejection letter from Barclays because:
- unsecured revolving credit history too short
- too many inquiries last 12 months
- length of time accounts have been established
- lack of recent installment loan information
Ironically, having too many inquiries in the past 12 months was a positive thing since it led to a rejection and avoided helping the hacker.
How to Secure Your Accounts After the Equifax Hack
1. Create accounts for all three credit bureaus to claim your information
- Equifax: https://www.equifax.com/personal/
- Experian: https://www.experian.com/
- TransUnion: https://www.transunion.com/
This makes it an extra step for hackers. Otherwise, they can create accounts for you and link it to their email address.
2. Log in to these accounts on a regular basis
Make it a routine to log in to your credit bureau accounts to make sure you still have access to them.
3. Set up an email filter for notifications
In your email settings, be sure to set up a filter that marks any emails from Equifax, Experian, TransUnion, and any other credit monitoring service as important.
I recommend using Credit Karma (or any alternatives) as a secondary way to monitor your credit activities.
American Express offers a wide range of charge cards and credit cards. Which card should you get first? Which one is the best “first Amex?”
The lounges at Dallas/Fort Worth International Airport are getting a makeover this summer, resulting in temporary locations for some lounges.
The Amex SPG was refreshed in August, and Marriott released the Marriott Rewards Premier Plus card earlier this year. Starting on August 26, 2018, you'll only be eligible for a signup bonus from Marriott or SPG, but not both.
Citi recently launched the new American Airlines AAdvantage MileUp card. The card is a good entry level or product change option if you want to earn miles on groceries and American Airline purchases.
The US Open takes place on August 27-September 9, 2018 at the Louis Armstrong Stadium in Flushing, New York. American Express will be providing a handful of benefits that cardholders can enjoy. Be sure to pick up and activate an armband at the event to enroll in each benefit.
Get $250 via Acorns app when you signup to be an Airbnb host, Flying Blue deals, Discover removes price protection.
Starting August 26, 2018, new rules will be implemented for the Chase Marriott and Amex SPG cards. Most people are speculating that the implementation will be on Marriott's side and link loyalty program numbers to ensure consumers aren't stacking multiple benefits.
Bank of America has a good two-card setup if you plan on having your assets with them long-term. The points earning rates vary by reward tier, and the more assets you have, the higher your earning rate is.
The Marriott Rewards and Starwood Preferred Guest (SPG) loyalty programs will merge in August. With the new changes, should you keep your American Express SPG card?
American Express offers can be found when you login to your American Express account. Offers are targeted, so your mileage may vary. If you see an offer you like, be sure to add or enroll in the offer because they can run out. Prior to purchase, you must add or enroll in the offer to use it.