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GCP arrives in India with launch of Mumbai region

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Re: GCP arrives in India with launch of Mumbai region

#72
post #68

Earlier quoted context omitted.

1. This just requires control. 2. In the US at least, fraud isn’t the responsibility of the card owner 3. That’s true 4. There are plenty of cards with no annual fee and net negative cost through rewards

+1. The cost of the risk of fraud is bundled into the ~2-3% transaction fee. 1. As for 1, it's self control. 3. The only use is not for online shopping, it's for every day use. Cash can get stolen, credit card can, but you can then cancel it. 4. Plenty of cards are free.

1. Yes, but it's easier to just not have one.

3. For every day use, there is your bank card which comes for free with your bank account. (A growing number of people don't use cash daily, and there are even people who have ditched cash altogether and gone card-only.)

4. I have not run into any free CCs offered in my country (Netherlands). If you have, please point me to them.

As for fraud, it's not only about the risk, but also about the hassle. I have heard of people who had their credit card suddenly cancelled because of fraudulent transactions, and the banks will only send a replacement to your home address, even when you are travelling! The risk that this happens with a bank card is much lower, as entering your PIN proves that you authorize the transaction.

Re: GCP arrives in India with launch of Mumbai region

#73
post #68

Earlier quoted context omitted.

+1. The cost of the risk of fraud is bundled into the ~2-3% transaction fee. 1. As for 1, it's self control. 3. The only use is not for online shopping, it's for every day use. Cash can get stolen, credit card can, but you can then cancel it. 4. Plenty of cards are free.

1. Yes, but it's easier to just not have one. 3. For every day use, there is your bank card which comes for free with your bank account. (A growing number of people don't use cash daily, and there are even people who have ditched cash altogether and gone card-only.) 4. I have not run into any free CCs offered in my country (Netherlands). If you have, please point me to them. As for fraud, it's not only about the risk…

Definitely not the experience in united states. I was offered to cancel my card for a similar situation, and they offered to send it to my country.

I guess a bunch of countries are behind USA in credit card offerings. I am from Turkey, and situation in Turkey is very similar to united states - credit cards are very very common.

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