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Are Credit Cards safe?


Posted Date: 09 Jun 2008      Total Responses: 5

Posted By: mohan       Member Level: Gold     Points: 1


There are are some Credit cards (or debit cards), which allow transactions without PIN number. E.g. if we go to shops, hotels, petrol pumps we just swipe the card, payment terminal does not ask for PIN number.

These cards can be used by anybody other than the owner. Are these cards safe ?




Responses

Author: neyha    09 Jun 2008Member Level: DiamondRating:     Points: 2
These cards are not safe .The banks take responsibility only for the money withdrawn even after being informed that the card is missing.If you inform them after the card has been used the banks won't take responsibility which means our money is gone for good.


Author: prakash    09 Jun 2008Member Level: GoldRating:     Points: 2
yes these cards are not safe , for example i am having IOB debit card which does not ask for pin number for paying bills in the shop . If i lost this card what will happen? somebody can take the card and pay bills using my card . In shops also they dont watch the sign of the card holder even if they watch the man who pays the bill can easily practice our sign as that is present on the back of card.


Author: shirish7    09 Jun 2008Member Level: GoldRating:     Points: 2
I think these cards are not safe.


Author: Guru    10 Jun 2008Member Level: SilverRating:     Points: 2
I think Credit cards are safe while in the.
Let it be in this case.

IF you look at the case of the Below link.
http://indiastudychannel.com/forum/14459-Thief-ATM-machime-No-Problem.aspx

Has a solution when you met with a thief in the ATM.

Thanks for posting such good things.


Author: Khemraj    16 Jun 2008Member Level: GoldRating:     Points: 2
These are fast for using transfer of funds. But I can't say they are safe or not.


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