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Has Tap and Go Credit cards taken us backwards....

lol Dallas.

Oh I reckon there should be a sign like at some fuel station, Amex incur a 1.55% surcharge while Visa or Master is ok.

Or in this case, as seen at restaurants, transaction below $100 gets charge a transaction fee. Eat lots and no fee....fee fwee....;)
 
That's right Homer I think the client like in a restaurant would be asked if he's going to eat in or eat out :-)
I think the guy field testing it above is being overcharged - but neither seem to care - the banks will lap it up :p
 
There is a safe guard.
After a number of T&G transactions the card ahs to be used in an insertion reader with a pin.
If lost or stolen it cant continue to be used for ever with under $100 purchases.
 
whilom said:
There is a safe guard.
After a number of T&G transactions the card ahs to be used in an insertion reader with a pin.
If lost or stolen it cant continue to be used for ever with under $100 purchases.
Click to expand...

Thanks whilom, I thought there would have to be something like that. Most of these new technologies improve and get safer to use over time.
 
Anything over $10 requires you to scan your retina. Then there be eye gauging incidents popping up everywhere. Or finger scanning, people will turn up in hospitals missing fingers.
 
I do see One mighty flaw in the penile chip plan If you have a bad run and they deny you credit Isnt it customary for the service provider to get out those humungous scissors and cut the card/ chip in half?
 
happy2 said:
I do see One mighty flaw in the penile chip plan If you have a bad run and they deny you credit Isnt it customary for the service provider to get out those humungous scissors and cut the card/ chip in half?
Click to expand...

That's true H2, and also Imagine if the bank logged into it remotely and changed your credit limit while it was in use? The lady may well be impressed and say ooh did I just feel your interest rate increase or was it an increase in your credit limit?? and you'd say, no it's just my monthly deposit from my roll-over plan - interest is calculated daily :D
 
I do see One mighty flaw in the penile chip plan If you have a bad run and they deny you credit Isnt it customary for the service provider to get out those humungous scissors and cut the card/ chip in half?
Click to expand...

The moral of the snipping story is, you clear your debt on time. We do get 55 days interest free period don't we?

Dallas said:
That's true H2, and also Imagine if the bank logged into it remotely and changed your credit limit while it was in use? The lady may well be impressed and say ooh did I just feel your interest rate increase or was it an increase in your credit limit?? and you'd say, no it's just my monthly deposit from my roll-over plan - interest is calculated daily :D
Click to expand...

Change your password regularly. No names, birthdays, no rude words. Insert the clause that the bonk needs to call you if they decided to cut your limit and increase interest even if your in the middle of your transaction.
 
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