make sure you don't lose your credit cards,if this happens.

The Financial Conuct Authority are investigating multiple options, nothing is a given yet.

If you lose your credit cards and report the loss straight away your bank won’t charge you for fraudulent transactions.

I froze my card immediately I lost it last year ....its an easy option with online banking ....obviously you need to know you have lost it

I prefer to have a limit to what can be spent.

We’ve always found that our bank, one of the usual ones, is always pretty hot on unusual activity.
DH bought something on line, from Amazon and the seller took the money 3 times. DH was unaware, but the bank stopped the payment, contacted DH and blocked any money ever going to that person.

I pay on my phone

Much safer to use Apple Pay with face identification than a card.

I'm in favour of keeping the current limit. If card is lost or stolen it's good to think there's a limit on what could be taken.

I've lowered my contactless limit on my banking app. Then I forget my pin when I'm spending more than my limit 🤣

Use cash.........problem solved.

Ooh, I know that could be done Greennana. Thanks.

I rarely carry cash but it really is not a tragedy if you need to insert card etc. That said I do think maybe it should increase to a sensiblr amount for 2025 considering the cost of living now. But, no limits ? No way.

It should be up to us to set our own limits. Everybody has different incomes.

Easy to set a limit on all of your cards so you are in control again

The limit is perfectly big enough for me as I live alone and do lots of small shops, but a big family shop may exceed the limit for many. I struggle to remember my pins since using contactless all the time and have been caught out when the card needs to be inserted occasionally. I need to change all my pins to the same one so I can remember it.

If you use a banking App you can already spend over £100 at a time.

We just traded in for a new car and had to put £7,900 on our debit card for the difference. We were not inconvenienced at all by having to input a PIN - in fact I would vote to keep the contactless limit at £100. Card theft is going to be even more attractive now and with the increased threat of violence too.

I don’t trust Apple Pay.
Much prefer to tap and pay or enter PIN number.

We have this in NZ and I have concluded it is better to keep cards on my phone and keep actual cards at home. It’s harder to get into a phone’s security system even if you lose your phone. I use my phone for all my cards in an app called Stocard. (Of course the UK apps will be different.) and can use them from there. .

I've been completely wedded to Apple Pay (no limit on spending, but its not a credit card, just using your debit card via a third party) since I started using it during Covid.

The upside is I no longer forget to take my phone out and about with me, the downside ..... ? I sometimes forget to take my purse with me and the world hasn't caught up yet!

Huia

Stocard is available here in the UK too. I put all my loyalty cards into it as well as my driving licence, gym membership card, library card etc.

Some shop chains took a little while to catch on and their loyalty cards wouldn't work through a third party app initially, but I think they have all caught up now.

Besides there is no way I could carry every loyalty card I have in my purse, there are just too many!

Of course Apple wallet can do the same but I prefer to reserve that for tickets and my bank cards.

Don’t stop using cash. Computers go down.

We deliberately set a low limit on credit cards in case they get lost or stolen. Madness not to really these days.

Contactless payments can only be made a number of times before your card will not be accepted and you have to chip and pin before you can use the card contactlessly again. This is not a faulty card reader as some think but protection from your bank so if you lose your card or it is stolen it can only be used a number of times.

ATM the limit for each transaction is £100 which I would have thought is a reasonable amount but I would not like to see it exceeded. The problem I have is remembering my PIN number as it gets asked for infrequently. Then I feel like people will think I’m a criminal.