When you travel abroad, you really do not want to be robbed. But also, if you have a credit or debit card, you don’t want that to be stolen. Nor would you want someone to steal the details from your cards and start spending on them, without the cards even leaving your possession.
Cyberthreats are everywhere, especially when you venture out of your home. Today many banks insist on giving their customers contactless cards. They work by using RFID that is Radio-Frequency Identification. According to Wikipedia, “Radio-frequency identification (RFID) is the wireless use of electromagnetic fields to transfer data, for the purposes of automatically identifying and tracking tags attached to objects”.
Photo Gallery Keeping Your Money and Cards Safe on Your Travel Destination
Keeping Your Money and Cards Safe on Your Travel Destination Images
Contactless cards are useful for paying for things with. You can easily identify them as they have a small logo on them that looks like several curved lines getting bigger. This means the card has an RFID chip embedded within it. This makes paying for things a time-saver — yes, you can save perhaps 3 seconds of your life by waving your card at a contactless card reader instead of inserting the card and entering a PIN (Personal Identification Number). Is it really worth it, you might wonder?
You might love your shiny new contactless card you just received from your bank. Maybe you had it a while already. Great for quick and easy payments.
But wait, you put your new contactless cards in your nice leather wallet, but when you to a shop to pay for something, you take out the card to pay with, or cash, but the card reader detects a contactless card in your wallet and automatically take payment from it, against your will!
This happens even if your credit limit is maxed-out, which then puts you over the limit and the card issuer fines you.
Or, if it’s a debit card, the money is taken out of your account, more than was in the account, and you go overdrawn and get hit with a bank charge plus interest. You’re losing money without even trying, because the payment happens instantly without the shop’s computers checking whether your cards are valid or not, whether you have enough money or credit or not.