Am I really liable?

[limster]

All those who don't think cardholder should be liable please can I borrow your credit card to make a small $10 purchase.

Tomorrow, I will tell you that the card got stolen, and you discover $10,000 unauthorised purchases. But no worries, you can tell the bank you are not liable. So everybody is happy.

 

[reddevil0728]

Agrees quite stupid. But why there is no notification? What exactly did u told the bank? Can u change to say that u left your wallet with her?

Maybe before u post this that will work. But after in post this maybe it wouldn't

 

[swordspirit]

All those who don't think cardholder should be liable please can I borrow your credit card to make a small $10 purchase.

Tomorrow, I will tell you that the card got stolen, and you discover $10,000 unauthorised purchases. But no worries, you can tell the bank you are not liable. So everybody is happy.

all boils down to why too so long to report and why no notification.

 

[zjjx1977]

So sad u tell bank the truth. Gd lesson learnt

 

[shadow_allan]

Wifey does the groceries and uses the card to get link points only. She does not use it to charge payments.

I got an sms notification as soon as the 2.4k charge was made and asked the bank to block the card and reported to the police on the same night.

I am also waiting for FIDReC to respond to my case, the police confirmed they have no say in this other than to investigate and arrest the suspect.

I know I got stupid lending the card to my wife. The link points only rationale doesn't hold water. I just wanted to get any more ideas from this forum to minimize my loss.

 

[swordspirit]

Wifey does the groceries and uses the card to get link points only. She does not use it to charge payments.

I got an sms notification as soon as the 2.4k charge was made and asked the bank to block the card and reported to the police on the same night.

I am also waiting for FIDReC to respond to my case, the police confirmed they have no say in this other than to investigate and arrest the suspect.

I know I got stupid lending the card to my wife. The link points only rationale doesn't hold water. I just wanted to get any more ideas from this forum to minimize my loss.

if u received notification and call immediately, the bank should have been able to block the transaction. possible that they actually block it but want to eat another 2.4k from you?

 

[xiaowhois]

if due to your negligent than you had to bare the cost lo~ sometimes truth dont help you

 

[chopra]

The case should still be to your advantage. Analogous to...

You pass your house key to your parents.
Your parents didn't close the main gate and a thief went in to steal your gold bar.
Is this a criminal offence?

Same logic right...

 

[leoch037]

The case should still be to your advantage. Analogous to...

You pass your house key to your parents.
Your parents didn't close the main gate and a thief went in to steal your gold bar.
Is this a criminal offence?

Same logic right...

It's a criminal offence.

But if the thief is not caught, who bear the damages?

House owner?
Parents?
HDB???
Police? wait long long

 

[gesheit]

It depends on your luck, and which bank it is.

 

[hwmook]

if u received notification and call immediately, the bank should have been able to block the transaction. possible that they actually block it but want to eat another 2.4k from you?

Notification mean transaction already went through, the guy already took the stuffs and went home, how to block?

 

[swordspirit]

Notification mean transaction already went through, the guy already took the stuffs and went home, how to block?

Depends. Technically unless the buyer forge the signature, the merchant would so be liable to that. Merchant choosing not to check the signature is their problem. Not the consumer. + the fact the huge amount, should double check.

 

[hwmook]

The case should still be to your advantage. Analogous to...

You pass your house key to your parents.
Your parents didn't close the main gate and a thief went in to steal your gold bar.
Is this a criminal offence?

Same logic right...

Yes, its a criminal offense for the thief. But you still need to bear the loss so you trying to tell TS he got to bear the loss or what? Confusing.

 

[battledome64]

Depends. Technically unless the buyer forge the signature, the merchant would so be liable to that. Merchant choosing not to check the signature is their problem. Not the consumer. + the fact the huge amount, should double check.

Nowadays most cashier have camera so can track the person that sign

 

[chopra]

Yes, its a criminal offense for the thief. But you still need to bear the loss so you trying to tell TS he got to bear the loss or what? Confusing.

the person who stole.

 

[lusunshine]

Depends. Technically unless the buyer forge the signature, the merchant would so be liable to that. Merchant choosing not to check the signature is their problem. Not the consumer. + the fact the huge amount, should double check.

Don't expect merchant can verify the authenticity of signature as they are not trained bank staffs who know how to spot those forged ones. Even bank staffs also cannot 100% guarantee this, don't be surprised if there are hundreds of forged cheques managed to go through clearing process in Singapore everyday.

 

[reddevil0728]

Wifey does the groceries and uses the card to get link points only. She does not use it to charge payments.

I got an sms notification as soon as the 2.4k charge was made and asked the bank to block the card and reported to the police on the same night.

I am also waiting for FIDReC to respond to my case, the police confirmed they have no say in this other than to investigate and arrest the suspect.

I know I got stupid lending the card to my wife. The link points only rationale doesn't hold water. I just wanted to get any more ideas from this forum to minimize my loss.

to clarify, so the card is both a link points card and a credit card at the same time? u can just use it for collecting link points but dun pay with it? or if u want to collect link points u must pay with it?

if u can do the former, and u told the bank ur wife got the card but don't use it to swipe, then u got a case. u can say u give ur wife that card to hold to collect link pts and at the same time, IF both of u go out and u lost ur wallet, at least ur wife still got another credit card which is under ur name and u can use it if u need to

 

[therat]

OCBC NTUC card - when do purchase in NTUC.
In order to max the link point and rebate.

Common practice is give OCBC NTUC Credit card + MayBank Family credit card.
The NTUC cashier will credit the link point to OCBC NTUC credit card and charge to MayBank family credit card for 5% cash rebate.

 

[lusunshine]

to clarify, so the card is both a link points card and a credit card at the same time? u can just use it for collecting link points but dun pay with it? or if u want to collect link points u must pay with it?

if u can do the former, and u told the bank ur wife got the card but don't use it to swipe, then u got a case. u can say u give ur wife that card to hold to collect link pts and at the same time, IF both of u go out and u lost ur wallet, at least ur wife still got another credit card which is under ur name and u can use it if u need to

If not wrong, it's the OCBC NTUC Plus! card, you can use the card to collect linkpoints at FP without paying with it because this card is also served as NTUC membership card. Should let the wife use the normal NTUC membership card (The one with your photo and issued by NTUC directly) for the purpose instead of the credit card.

I just copied below clause from OCBC cardmember agreement on their website:

"4.1 DUTY TO PREVENT LOSS/THEFT/FRAUD
You must keep your Card secure and ensure that your Card number and PIN are not disclosed to any other person. "

I guess this is including your wife.

 

[reddevil0728]

If not wrong, it's the OCBC NTUC Plus! card, you can use the card to collect linkpoints at FP without paying with it because this card is also served as NTUC membership card. Should let the wife use the normal NTUC membership card (The one with your photo and issued by NTUC directly) for the purpose instead of the credit card.

I just copied below clause from OCBC cardmember agreement on their website:

"4.1 DUTY TO PREVENT LOSS/THEFT/FRAUD
You must keep your Card secure and ensure that your Card number and PIN are not disclosed to any other person. "

I guess this is including your wife.

The definition of "keeping your card secure" is quite broad. Does entrusting it to your wife not considered secured?

Do you need the pin to just collect link points? If u dun think I dun see that clause being breached