Here’s one more thing you must remember to do before you travel: activate your credit card. The Association of Banks (ABS) has said that all 10 card-issuing banks in Singapore will deactivate the magnetic strips on credit and debit cards by 1 October. At least one bank will deactivate the strips as early as 31 Aug. All new cards will have their magnetic strips inactive by default. ABS said that this is a new security measure to protect users’ details and to prevent cards from being cloned by skimming syndicates. Activation methods will vary from bank to bank – these can include activation via SMS, ATM or on the phone. Depending on the card issuer, users may be allowed to activate their card for a period of time or they might have to deactivate the card after their travel period. Local transactions will not be affected as they are processed using EMV chips, which are said to be more secure. For Jonathan Chen, 32, who travels frequently for his job in pharmaceutical sales, this is a “one-off hassle that is good in the long run”. “Sure, it may be troublesome to contact every single bank and get the activation done, especially because I have cards from several banks. ![]() ![]() ![]() ![]()
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March 2018
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