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Credit Cards Credit Card v17, Ask general questions here, Please read the 1st post before posting!
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knighty
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 Sep 22 2012, 10:30 AM
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Getting Started
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i've been told by a friend not to put my savings into the same bank account as my credit card, as there is a risk that scammers can access it when they have access to your credit card/or if your credit card gets stolen and abused, the bank will auto-deduct from your bank account.
is it true at all or is it just a myth? thinking of transferring money every month from the bank account i get my salary from(Rhb) to my credit card's(Maybank).
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knighty
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Sep 22 2012, 11:02 AM
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Getting Started
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QUOTE(Gen-X @ Sep 22 2012, 10:58 AM) There is always a risk when you have online account, that's why nowadays the better security feature is one that sends you a OTP before you can do any transaction with your online account. If your phone also got stolen, too bad. As for auto deduct - I don't think the bank will do it for fraud cases BUT if you fail to pay your credit card bills or have outstanding balances and can't pay the minimum 5%, yes, they will deduct from your banking account and it is mentioned in the T&C. both accounts have the OTP feature, and it's been pretty safe for me so far. i've been doing alot of online banking. i have no issues with my credit card bills/payments as i'm very strict with my spending, so there's no further risk for me to do it right? edit: QUOTE(Pink Spider @ Sep 22 2012, 11:01 AM) Unker, but when u think its fraud but the bank disagrees with u...  worried about this one too This post has been edited by knighty: Sep 22 2012, 11:07 AM |
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knighty
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Sep 22 2012, 10:09 PM
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Getting Started
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QUOTE(hye @ Sep 22 2012, 03:13 PM) Just to add, in all my many years of using credit card - no funny issues ever been done or occurred. It's when you fail to meet your obligation end as a cardholder will something happen - bank is not to be blamed if such. Pink Spider and knighty ... if you have such doubts, please contact your bank to cancel your credit card. You are right as there's no such thing as perfection in this world and the only way is not to own a card in the beginning to open such probability. If you wish to make negative comments without any confidence in our banking system then please don't be a hypocrite by holding a credit card / debit card. I don't think I've made any negative comments, all I did was question the risk/likeliness of it happening. The point of me asking was to find out whether those scam/other issues are happening to users that are careless with their transactions/accounts, or whether it can happen to the general public regardless of how well protected u are. |
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