D
daltonr
Guest
I'm reading the Application form for Ulster Banks Zinc Card.
I presume If I apply after writing this I'll be refused, but there you go.
Section 13.1 of the form says:
The maximum liability of the Principal Cardholder will be €30 per Account for any losses arising from the use of any card or PIN be any unauthorised person before the Bank receives notification in accordance with Condition 12.1. If someone carries out a fraudulent transaction using your card Card details on the internet or by telephone or mail order You will not be liable for the fraudulent transaction. However, where the law allows, You will be liable for all losses to the Bank arising from the use of any Card by any person obtaining possesion of it with a Cardholders consent or where a Cardholder has been grossly negligent.
Section 12.1 just gives a 24 hour phone number where you can notify them that you've lost the card or had it stolen etc.
But the brochure also tries to flog you their Card Protection Plan Costing a minimum of €45 per year. That's 50% more than your maximum exposure, and even if your card was stolen it is unlikely to be used before you've had a chance to cancel it.
The "Benefits" of the plan are:
Worldwide protection around the clock with a 24 hour hotline for cancelling all your lost or stolen cards.
*That'd presumably be the same 24hour line that you have
anyway.
Up to Up to €5000 per policy holder emergency cash advance if you're left without funds following a card loss when you're away from home.
*Which I presume you pay interest on.
This is a straightforward cash withdrawal which you could
do using internet banking, and an ATM card.
Up to €8500 per policy holder for replacement travel tickets home if your tickets are lost or stolen with your cards when away from home.
*But the card comes with free cover for ALL items you
purchase against accidental damage, loss or theft for 100
days. So you are already probably covered if you bought
the tickets with the card.
Just what exactly is the point of this insurance?????
Also, the much touted €40 euro reward if you spend more than €5000.
You must spend the 5K before December 31st 2003, so you don't have a year to do the spending, and there is no mention of a similar offer next year. Despite the implication that it is an ongoing offer. It may be ongoing but that isn't mentioned in the brochure.
-Rd
I presume If I apply after writing this I'll be refused, but there you go.
Section 13.1 of the form says:
The maximum liability of the Principal Cardholder will be €30 per Account for any losses arising from the use of any card or PIN be any unauthorised person before the Bank receives notification in accordance with Condition 12.1. If someone carries out a fraudulent transaction using your card Card details on the internet or by telephone or mail order You will not be liable for the fraudulent transaction. However, where the law allows, You will be liable for all losses to the Bank arising from the use of any Card by any person obtaining possesion of it with a Cardholders consent or where a Cardholder has been grossly negligent.
Section 12.1 just gives a 24 hour phone number where you can notify them that you've lost the card or had it stolen etc.
But the brochure also tries to flog you their Card Protection Plan Costing a minimum of €45 per year. That's 50% more than your maximum exposure, and even if your card was stolen it is unlikely to be used before you've had a chance to cancel it.
The "Benefits" of the plan are:
Worldwide protection around the clock with a 24 hour hotline for cancelling all your lost or stolen cards.
*That'd presumably be the same 24hour line that you have
anyway.
Up to Up to €5000 per policy holder emergency cash advance if you're left without funds following a card loss when you're away from home.
*Which I presume you pay interest on.
This is a straightforward cash withdrawal which you could
do using internet banking, and an ATM card.
Up to €8500 per policy holder for replacement travel tickets home if your tickets are lost or stolen with your cards when away from home.
*But the card comes with free cover for ALL items you
purchase against accidental damage, loss or theft for 100
days. So you are already probably covered if you bought
the tickets with the card.
Just what exactly is the point of this insurance?????
Also, the much touted €40 euro reward if you spend more than €5000.
You must spend the 5K before December 31st 2003, so you don't have a year to do the spending, and there is no mention of a similar offer next year. Despite the implication that it is an ongoing offer. It may be ongoing but that isn't mentioned in the brochure.
-Rd