Originally posted by Wai
out of all things...most important is IC and CC intact
P.S. so fast wake up to go work liao?
I feel if you ever lose a wallet with Credit Cards or Debit Cards inside.
Even if you got it back, you should report it lost and replace your cards as soon as possible.
The reason is, during the span of time it was lost. The card details may have been copied down by some one else or even photocopied both sides.
There was a lady who wrote to Straits Times complaining that she bought a handphone at a WyWy shop and the salesman photocopied her Citibank credit card both sides, claiming it was necessary.
When she called Citibank later, the bank officer replied she has to cancel the card immediately as the credit card details have been known to others.
Those of you who have done internet transactions will know that to make the transactions you need
a) credit card number
b) Type (Visa, mastercard, diners, amex..etc)
c) Name of cardholder
d) Card expiry month and year.
e) the 3-digit number under the magnetic strip behind the card
f) Name of issuing bank and telephone no. (some websites only, as a security measure)
So, If the person copied the details from your card or photocopied it, he can return it to you with a smile on his face, but then use the details to buy a big ticket items like a Canon 1Ds? from the website and you will not know. (unless the 1Ds is above your credit limit.
)
Since he uses all your details correctly and if you did not report your card lost, the bank will assume you did the transaction and it is difficult to prove it's a fraud.
