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>Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leav

by aestra 13y ago

>Because as a consumer, I've never had a complaint about my CC, ever. With the NFC chips built into all new CCs (at least here in Canada) I tap my card and leave. I don't want to tap my card and leave. I wish I could turn off that "feature." A way credit cards are bad for consumers? Science proves that you tend to spend less money when you pay with cash, especially on unplanned and/or impulse purchases. I guess the psychology of actually handing something over then having less of it afterwards makes people think twice about if they really need to spend the money. Also getting extra cash when you over budget has an extra step (trip to bank/ATM) so you're probably more likely to stay in budget or to rethink if you really need that over budget purchase. http://www.livescience.com/2849-study-credit-cards-spending.html http://www.livescience.com/2849-study-credit-cards-spending.... http://www.investopedia.com/articles/pf/08/pay-in-cash.asp http://www.investopedia.com/articles/pf/08/pay-in-cash.asp http://seekingalpha.com/article/20333-guide-to-credit-cards-how-credit-cards-encourage-you-to-overspend http://seekingalpha.com/article/20333-guide-to-credit-cards-... http://business.time.com/2013/08/08/turns-out-you-only-think-youre-spending-less-money/ http://business.time.com/2013/08/08/turns-out-you-only-think... I especially think this is interesting: >McDonald's found that the average transaction rose from $4.50 to $7 when customers used plastic instead of cash

hnnewguy 13y ago
>I don't want to tap my card and leave. Then don't. No one forces you. Use signature only, or "chip and pin".
- aestra 13y ago
  No, but I'd rather not have my credit cards have that option in them. Basically, I do not like the fact someone can tap my card and then get money from it. I just am not a fan of that type of payment, because it is too easy. I don't like the argument "don't use it" because it isn't an optional "feature," if your card has it, it has it. You cannot turn it off. http://www.mymoneycoach.ca/credit_rating/how-to-protect-self-from-electronic-smart-card-identity-credit-card-theft.html http://www.mymoneycoach.ca/credit_rating/how-to-protect-self... "a $3 smart card reader purchased online can steal people’s credit card information if the thief can get close enough to your purse or wallet. I know you're thinking "you're not liable for fraud." Doesn't mean I want fraud to happen, that it isn't a pain in the ass. Especially unsettling is the RFID chips in passports. http://www.washingtonpost.com/wp-dyn/content/article/2006/09/15/AR2006091500923.html http://www.washingtonpost.com/wp-dyn/content/article/2006/09... http://www.emc.com/emc-plus/rsa-labs/staff-associates/epc-rfid-tag-security-defenses.htm http://www.emc.com/emc-plus/rsa-labs/staff-associates/epc-rf...
  - cbr 13y ago
    Perhaps you should wrap your card in tinfoil? Or get something like http://www.thinkgeek.com/product/8cdd/ http://www.thinkgeek.com/product/8cdd/ ?
  - wakeless 13y ago
    Credit cards have little wire antenna in them. If you basically cut it in down near the chip, the chip still works when inserted into the machine but the NFC doesn't work. I did this accidentally and have been using my phone with chip and pin for about a year. Personally I'd prefer to swipe.

by aestra 13y ago

hnnewguy 13y ago

>I don't want to tap my card and leave. Then don't. No one forces you. Use signature only, or "chip and pin".

aestra 13y ago
No, but I'd rather not have my credit cards have that option in them. Basically, I do not like the fact someone can tap my card and then get money from it. I just am not a fan of that type of payment, because it is too easy. I don't like the argument "don't use it" because it isn't an optional "feature," if your card has it, it has it. You cannot turn it off. http://www.mymoneycoach.ca/credit_rating/how-to-protect-self-from-electronic-smart-card-identity-credit-card-theft.html http://www.mymoneycoach.ca/credit_rating/how-to-protect-self... "a $3 smart card reader purchased online can steal people’s credit card information if the thief can get close enough to your purse or wallet. I know you're thinking "you're not liable for fraud." Doesn't mean I want fraud to happen, that it isn't a pain in the ass. Especially unsettling is the RFID chips in passports. http://www.washingtonpost.com/wp-dyn/content/article/2006/09/15/AR2006091500923.html http://www.washingtonpost.com/wp-dyn/content/article/2006/09... http://www.emc.com/emc-plus/rsa-labs/staff-associates/epc-rfid-tag-security-defenses.htm http://www.emc.com/emc-plus/rsa-labs/staff-associates/epc-rf...
- cbr 13y ago
  Perhaps you should wrap your card in tinfoil? Or get something like http://www.thinkgeek.com/product/8cdd/ http://www.thinkgeek.com/product/8cdd/ ?
- wakeless 13y ago
  Credit cards have little wire antenna in them. If you basically cut it in down near the chip, the chip still works when inserted into the machine but the NFC doesn't work. I did this accidentally and have been using my phone with chip and pin for about a year. Personally I'd prefer to swipe.