Originally Posted by alan1302:
“There is that risk but I believe as long as you report your card as stolen/lost to your bank then you would not be liable for any rogue charges.
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If you notice it missing in time.
when I last lost my Debit card, i was lucky that I notice it within half a hour as I went to have a coffee with a mate and noticed it was not in my wallet. I knew where I left it, in one of those self service machines in Argos, when I went back it was gone and not be handed in.
I went to my bank and it was canceled.
but what if it was a NFC card and I did not go for a coffee after and went straight home, it could have been a few hours before I noticed. Plenty of time for who ever took it to buy a few things if it did not ask for my pin.
Because it is chip and pin, the chance of anyone getting money out of my account is pretty slim, sure it can be done, but not by your average opportunity thief
Quote:
“I assume your friend does not carry cash in his wallet for the same reason?”
He carries some around, but not enough so if he loses the wallet which is a lot harder to do than a card, it will not affect him much.
I carry cash, I prefer cash to cards to be honest, I need cash for bread in our local bakery as they don't accept cards and for my milkman because they don't accept cards.