- 13 Sep 2010
- Reaction score
- Wrong side of The Channel
I'd rather the rates stay low, although I won't be getting hardly any interest, it would be far worse for the economy if rates were to rise rapidly, many would lose their houses, and the banks will be laughing (all the way to the bank).Only whilst interest rates are so depressed, are returns so poor. I'm not getting much, but it is better than nothing and is on the rise again recently.
Only whilst interest rates are so depressed, are returns so poor. I'm not getting much, but it is better than nothing and is on the rise again recently.
As you said - you can cancel a card and get a refund if suspicious activity is detected.I don't regularly walk around with several thousand in my pocket, maybe £20 or £40. So the potential losses of someone having access to my bank account via a contactless card are much greater.
Contactless limit is going up to. £100 from next week in this country in case you didn’t know. What's the limit in your country?Contactless cards have a limit on the value of allowable transactions, and they can only be used to buy something, so any attempt to 'empty' the account via contactless transactions will be similarly limited.
And a thief would end up with a lot of cheap bags, shoes, groceries, and other low value items, and from multiple outlets.
as i pointed out earlier because you do doesnt mean others do .Much easier to keep track of your spend, using a card - every penny you spend is recorded in your statement. Every penny I spend, I instantly get a text message to say how much and where I spent it.