Is contactless all that it's cracked up to be?

mwarby

For what its worth I've just started a switch from hbos\bos to the nationwide. In part its due to Nationwide being somewhat more modern with contactless and android pay, and in part because I like the idea of banking with a mutual rather than a for profit bank. Time will tell if this is a good move or not

bigadaj

mwarby wrote: »

For what its worth I've just started a switch from hbos\bos to the nationwide. In part its due to Nationwide being somewhat more modern with contactless and android pay, and in part because I like the idea of banking with a mutual rather than a for profit bank. Time will tell if this is a good move or not

Of course it's more profitable to do both. Have got 3 x bos, Halifax and 2x nationwide, so getting well over 3% on 20k.

Sharon87

I find it very useful! It saves me a lot of time in busy pubs/supermarkets/food places. I also use it as my Oyster card in London. Only problem is I tend to lose my Oyster/contactless a lot. But at least a contactless card is free to be replaced instead of the £5 Oyster charge! I have had it stolen/found before and someone used it, (I'm not sure if I was pick pocketed or it fell out my pocket), the bank cancelled the card and refunded any transactions the same day they came out my account.

So even though yes someone can use my card if it's lost or stolen my bank Natwest was very good at refunding the transactions.

mwarby

bigadaj wrote: »

Of course it's more profitable to do both. Have got 3 x bos, Halifax and 2x nationwide, so getting well over 3% on 20k.

Ah basic bank account customer me (on account of having an IVA a few years ago), would love to have 20k of savings, but not a problem yet

roddydogs

Amex Cless dosent work with a lot of outlets, Why?

colsten

roddydogs wrote: »

Amex Cless dosent work with a lot of outlets, Why?

A large number of retailers don't accept Amex, due to their very high charges.

bigadaj

colsten wrote: »

A large number of retailers don't accept Amex, due to their very high charges.

I spoke to a small restaurant owner about this a while ago.

He said their charges weren't much higher but their payment terms were much worse, so it hit his cash flow which is probably more important than a loss in charges.

Anthorn

roadrunnertwozero15 wrote: »

Is contactless all it's cracked up to be? Anyone opted out of it? Anyone find it useful or useless? Do you have contactless but never bother use it and still do it by chip and pin?

I have a basic account but no contactless with the bank I want and I dunno if I want to switch to a basic account what has contactless if it's not much of a benefit?

I use contactless regularly due to 5% cashback on the first £100. But when that cashback stops I don't think I'm going to be broken-hearted about not using contactless. For me it's not all that quicker than entering a PIN and even slower than entering a PIN when checkout operators need to enable contactless on their terminal (Tesco, Iceland). I've lost count of the number of times I've had to wave my card in front of a checkout operator in order to pay by contactless. Sometimes I even have to say something like, "Ooh-ooh! Contactless!" to attract their attention.

bobblebob

Just got my first contactless card from Halifax as my old card expires end of the month

Tried to use contactless to buy something for £3 but said it was declined and had to use Chip&Pin. Is this because it was my first transaction on the new card or something?

alanq

bobblebob wrote: »

Is this because it was my first transaction on the new card or something?

Yes, it's normal that a PIN is required for the first transaction.