Huge contactless card changes in weeks – 5 ways to protect your wallet | Personal Finance | Finance
Katie Elliott says there are steps you can take to protect your money once contactless card changes kick in (Image: Daily Express)We’re just two weeks away from a major contactless payment card shake-up. The £100 spending cap is set to be scrapped.From March 19, the Financial Conduct Authority (FCA) will remove the current per-transaction limit, giving banks and customers the power to set their own maximum, or no cap at all. In practice, it means you could soon pay for a £200 supermarket shop or a £300 appliance with a single tap of your card or phone. The change is designed to offer greater flexibility, with the financial watchdog citing contactless payments as Brits’ favourite way to pay.Barclays' research found that almost 95% of eligible in-store card transactions were contactless i...










