(Wonder if I’ll get my £120 back……
)
It’s literally just that. People do use it though.
Not sure what protection it offers unless it’s just the fact it’ll no longer look a bank card and it doesn’t have your details printed on them.
Some materials will make it impossible to skim and block contactless, which if they use, in addition to the above I could see how that particular option living up to it’s fraud claim. Still, I’d like to see the data reference behind it personally though.
The apprehension I see when services like this show up in discussion confounds me personally though. It’s not really different to some standard methods of handing out your card details that were, for decades (and in many cases are to this day) completely normal.
Edit:
Upon further digging this does appear to the case.
It’s a full metal card. NFC won’t work. So yeah, it probably will significantly reduce the likelihood of card fraud.
Good point - and true.
It’s probably the fact that you’re actually sending them your card to deconstruct which adds to the fear-factor. (You’d imagine freezing the card would obviate the primary risks).
So that’s data loss sorted……
I’m a whole lot more bothered by the wider implications (I wasn’t, but as it’s a Saturday……
). Questions it poses for me…
-
Is it legal / acceptable to deconstruct a bank card ?
-
If it is, and your money is safe, just what sort of outfit is this?
Customers have complained of poor comms. -
Typos abound on the website (which from a distance doesn’t look too bad).
@WillPS Chaucerian quote doesn’t seem far from the truth……
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Complicated to answer, and honestly just aren’t realistically known.
I’d say it’s not risk free and that if you are later defrauded it probably weakens your chances of your bank having your back. But then there are lots of similar things that many people that would do the same.
But:
Yes.
They say it is, and it’s probably safer than reading your card details out to co op over the phone whilst they repeat it back to you from the store front where anyone could potentially here, and that employee could every bit as likely steal as someone at that company.
I think the process requires the card to be unfrozen, but you can freeze the card as it goes through the post. Use an RFID shielded envelope.
Where it gets tricky is whether your bank would consider it negligent. Arguably both examples I’ve given here with co op and this company could be considered that when evaluating a fraud claim.
One thing I’ve learned from following the world of fintech, is that if typos were any important indicator of trust, we’d never have trusted any of the neobanks that have cropped up over the years.
Heck, even Barclaycard once gave me a Barclaycard Platinium. Unless they’re outrageously bad, I don’t bear typos much thought anymore. We all make them. My reply to you here is riddled with them. And I treasured that Apple Pay artwork for as long as I had it.
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I think that’s the real question I was looking for.
They gave you one of those ??
Congrats…
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True, but when the broader offering feels merit-worthy, I’m more likely to cut them some grammatical slack. Not here though.
It’s probably the other way around for me! In part because a bank is an entity you need to trust, and their copy really needs to inspire that. Typos there are more a red flag for me than they would for a service like this for instance.
I’m sure you’ll remember a couple of years back (not sure if it was here or the old forum) but a fintech popped up and it was riddled with issues like that and we both both took pause with that. Don’t remember the name though.
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I see the SignetLondon thing popped up last month on the Monzo forum. Didn’t get aired much - it was really an excuse for other bragging - look how many cards I’ve got ! 
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It looks like the OP must have deleted the picture but I found the discussion about it last month?
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I think it all got flagged as spam because it was an affiliate link they kept posting, hence why it’s gone and not much discussion transpired.
Those things have been discussed at length in the past anyway.
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I wouldn’t trust it. I use virtual cards on dodgy websites for the same reason. You can never be too sure and getting your money back when something goes wrong is not as easy as its made out to be.
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I wouldn’t touch this service with a 10-foot pole. You’re not meant to hand out your card details willy-nilly and if it transpired that you used one of these services I expect any card fraud cases to be declined.
I dispute that paying over the phone would be seen as equally as negligent – phone payments are an expectation after all. This is giving your card to some unknown person to dissect and do with as they please.
Also while dismantling a card may not be illegal (don’t quote me on that), a bank card is, and always remains, the property of the issuing bank. A bit like a passport. So tampering is not allowed.
I’m surprised they got an investment from Dragons Den. It’s like a communist party rally, this.
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This was my thinking, too.
Banks currently adding clauses to their Terms and Conditions of the Card following this episode 
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Surely they could do something like the ring/bracelet people do? You don’t need to post your card to them. I’d love one of the rings with a fingerprint sensor on it.
Has anyone else noticed Amex have removed their ‘see-thru’ card design? Now looking very blue. Not sure what i think, i guess it won’t look tatty quite so quickly (changed in my google pay wallet too) - American Express
New Amex Reward CC (not as good):
New Amex Platinum Cashback CC (improvement, IMHO):
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It’s still translucent apparently…
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Oooo I like it. Not sure I prefer it to the classic blue square but it’s good to see it’s not a material downgrade. Is the cashback card still solid?
Edit - confirmed on the same thread:
Not bad, Amex. Flat redesign of Nectar Amex card now please!
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