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MSE Poll: Should the contactless spending limit be increased?

197 Posts


Poll started 23 February 2021
The financial regulator's consulting on plans to raise the maximum amount you can spend using contactless from £45 to £100 – there's a cap to limit spending if someone takes your card. But where do you think the limit should be set?
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That way, more cautious risk averse folk like me would be happy and the more adventurous would be catered for as well.
If stolen the card can be used multiple times on the limit...so if it were one hundred, imagine how much you'd lose? To some, losing a tenner would be catastrophic, to others not so - just annoying. That's without the online use.
Words, words, they're all we have to go by!.
(Pity they are mangled by this autocorrect!)