FYI, Paywave only can be use RM250 and below transaction, not more than that amount

The logic is pretty simple. We should keep our card as best as we can just as how we would keep our wallet that's full of cash as safe as we can. You see, when you bring cash, say RM500 at any given time and your wallet is stolen, you lose your cash immediately unless you are able to catch the thief and get your belongings back in which happens very very rarely.

Meanwhile, with credit & debit card, you have some sort of security. First of all, the wave function only allows payment RM250 and below without pin. So if you were to lose your card, the max amount the thief would be able to use would be RM250 max. The best part is, if you are quick to aware that your card has been stolen, you should call the bank promptly to block the card. This buys you some time. I believe anyone who steals other people belongings will immediately go as far as they can to avoid being caught hence the time they take could be useful for us to quickly call the bank. Well, let's say your phone was stolen as well, you could always get anyone's help to borrow their phone and make a quick call to the bank to block your card.

It's our perception towards these cards that's important. Of course banks are always finding ways to improve the safety of the cards but it doesn't mean that we shouldn't take any action on our end.

Also, PIN based cards/transaction is definitely more secured than signature based as signature base cards do not have any limit as the pay wave mentioned above and your signature will be behind your card which could take a few minutes for anyone to quickly learn to forge your signature. Furthermore not to mention that majority of merchants previously do not even bother to check/compare the signature on the transaction slip vs the signature behind the card. With PIN, it's near impossible for anyone to guess your PIN especially if they do not have any background about you (sometimes some people tend to use DOB as PIN number).

1) fresh fund is for promo FD. pledging for cc, you only need to place for board rate only, so fresh fund not necessary required.

2) pledged fd amount = credit limit, 1:1

3) interest/profit is yours. it's just normal FD placement. just the FD is tied to cc, so you cannot uplift it until the cc is canceled.

AND you need to spend a few hundred RM for documents and stamp duty (0.5% of credit facility).

going overseas and leaving some cards at home