Quote:
Originally Posted by jambo101
Called the bank (CIBC) to inquire and guess what,you cant disable the swipe feature as its built into all their credit and debit cards. They said if you suspect criminal behaviour they will cover the cost..
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Not only can't you disable chip features, you can be denied access to your account at out of state stores that don't use a chip reader and enter info manually. Don't say that is crazy, It happened to me with BOA at a store 20 miles from me - one that I had a history of using with the card as payment. Their reader link happened to be down that day.
I filed a complaint with customer service and stopped using the card for a year to put a cross on the t (for all the good that does). That is just one reason to have multiple credit cards.
I no longer use the online account access with credit cards, instead paying by phone and getting paper bills. When a statement comes in from a CC company or bank, I look it over right then on the way back from the mailbox. Fraud protection is based on the consumer CHECKING their bill to verify that the purchases are correct. If you just blindly pay your bill, or autopay it, you can end up with much more of a hassle saying "this charge wasn't made by me."