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Received my Simplii card
January 9, 2018
1:01 pm
Save2Retire@55
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Just an FYI - I received my Simplii card today. It's time to say Goodbye to PC Points.

January 9, 2018
3:33 pm
2of3aintbad
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Yes, mine arrived today also. Same account number as my PCF. Don't quite understand the sticker on the card "Important! Start using your card by making a transaction". What does that mean?

January 9, 2018
5:45 pm
Norman1
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Use the new Simplii Financial card.

Do a deposit, withdrawal, or balance inquiry at a CIBC ATM. Do a debit transaction. Any transaction that needs a PIN.

The transaction will confirm the card was received by someone who knows the PIN. It also signals that the older PC Financial branded card can be deactivated.

January 9, 2018
10:10 pm
Save2Retire@55
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2of3aintbad said
Yes, mine arrived today also. Same account number as my PCF. Don't quite understand the sticker on the card "Important! Start using your card by making a transaction". What does that mean?  

Basically just to make sure it works fine. You can just go buy a grocery or something and USE your PIN. I hate the TAP feature on a debit card. It is so dangerous. I had to call in Tangerine to disable the TAP when they sent me the newer version years ago. I will have to do the same with Simplii. Just hate calling them. It takes forever to get someone to talk to and I hope the new card work without an issue in Europe.

January 11, 2018
10:37 am
tcharger67
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save 2 retire.... I had an incident travelling through the US with a TD bank debit card with tap. The Tap racked up over 600$ worth of charges in just 10 hours, thankfully TD my spend app always gives me notices of purchases. That being said, in good faith TD refunded all the transactions within 10 days.

I might be unenthusiastic about TD Savings rates, but as far as service, both in chequing and TD-eseries investment funds, they have been a 10 out of 10 for me.

January 11, 2018
10:44 am
Top It Up
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WOW, you really "lucked" out using your contactless pay bank debt card considering the absolute scarcity of contactless pay POS terminals in the US -

"New data from The Strawhecker Group shows 52 percent of merchants today are enabled to accept chip payments, 36 percent have contactless-capable terminals, and 28 percent of those contactless-capable terminals are activated to accept contactless cards.

AND considering that contactless pay cards provide greater personel security to the owner of those cards, than either magnetic stripe cards or chip and pin cards, at the POS terminal.

Of course, if you're personally careless, and lose the cards, then all bets are off.

January 11, 2018
3:26 pm
Save2Retire@55
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tcharger67 said
save 2 retire.... I had an incident travelling through the US with a TD bank debit card with tap. The Tap racked up over 600$ worth of charges in just 10 hours, thankfully TD my spend app always gives me notices of purchases. That being said, in good faith TD refunded all the transactions within 10 days.

I might be unenthusiastic about TD Savings rates, but as far as service, both in chequing and TD-eseries investment funds, they have been a 10 out of 10 for me.  

Another reason to disable this feature and I take my card everywhere I go. Well, I just have 2 debit cards. Simplii and Tangerine.

January 14, 2018
6:27 am
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Save2Retire@55 said

Another reason to disable this feature ...  

The FACTS just don't support your decision NOT to use the contactless pay feature on Canadian credit and debit cards.

January 14, 2018
3:23 pm
Save2Retire@55
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Top It Up said

The FACTS just don't support your decision NOT to use the contactless pay feature on Canadian credit and debit cards.  

The peace of mind and taking action before an incident makes sense to me personally. I understand, not everyone is the same but I have experienced losing a debit card and I was so glad it didn't have the contactless pay enabled as it took me at least 2 days to find out it is lost. Well, anyone having that debit card, can keep purchasing items up to $100 per transaction. Oh well, no thank you.

January 14, 2018
4:30 pm
Norman1
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With contactless, there is both a per-transaction limit and a cumulative limit.

I think the cumulative limit is $100 or $200 before one needs to do a chip-and-PIN transaction. I hit that limit once. TAP refused a $20 transaction and asked that I complete the transaction using chip-and-PIN.

Not sure how someone was able to TAP $600 worth of debits or charges without knowing the PIN. If they knew the PIN, chip-and-PIN would not have helped.

January 14, 2018
4:35 pm
Top It Up
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There is a per transaction limit of $100 on both debit and credit contactless cards although I have exceeded that "limit" at both Best Buy and Superstore.

As for the cumulative limit before requiring a PIN, I've never heard of it or experienced it - and I've been a tapper from the beginning. I only use Big Bank cards and so maybe it's specific to small time players like CUs.

Further, I was in Europe for a month, just before Christmas, and used Apple Pay to make 45 contactless charges against my Visa card (charge amounts ranging from €4 - €65) - not one failure, not one denial, not one request for a PIN.

Hotel bills, which were in the hundreds of euro, required a CHIP and PIN.

-------------------

EDIT: I just found this blurb on Interac cumulative charges on my Bank's website -

You have an Interac spending limit of $100 per transaction. This limit is subject to change at any time.

If you have exceeded your Interac spending limit, or if you have made more than $200 in consecutive Interac purchases, the merchant terminal will prompt you to insert the card and enter a PIN.

January 14, 2018
7:42 pm
Norman1
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Top It Up said

EDIT: I just found this blurb on Interac cumulative charges on my Bank's website -

You have an Interac spending limit of $100 per transaction. This limit is subject to change at any time.

If you have exceeded your Interac spending limit, or if you have made more than $200 in consecutive Interac purchases, the merchant terminal will prompt you to insert the card and enter a PIN. 

That explains why I don't see the chip-and-PIN prompt very often as well.

I end up doing a chip-and-PIN transaction, for a large purchase or at a gas pump, before the cumulative limit for consecutive contactless transactions is reached.

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