Today I finally made the decision to return all the credit cards belonging to my parents back to them. One is a Gold HSBC Gold, and the other is a Citibank Gold. I will ask them to return it when I head my bottoms back to Australia.... but that is another story.....
The only cards I have to use now is the Maybank Bankcard (Yellow ATM card), and a Maybank Visa Debit Card. However, after the atrocious experience of having someone swiping my Maybank Visa Debit Card, I decided that it was most unwise to place too much money in the latter. Hence, it will be treated more like an emergency "prepaid" card.
Many of the staff handling credit card terminals in Malaysia are really ignorant on safeguarding their customer's interest, for simple things like ensuring that the signature of the card matches the one on the invoice chit. Managers may feel it is time consuming to provide proper training for their staff, nor ensure that their staff are accountable for their dealings.
Fortunately in my case, Maybank decided to absorb the theft and refunded the unauthorized amount swiped from my account. In summary, it is useless to have a chip enabled card Visa/Mastercard Debit card, and all the high flung security features, IF the people handling the terminals do not execute their roles to protect the interest of their customers.
Related Links:
1. Which one? : Debit or Credit
2. Cash or Credit Card Experiment.
3. Using Credit Card to buy a car.
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