For myself, I had iWatch activated for ApplePay. For "somehow" with magnetic strap the watch was taken and used within one hour 1800 eur payments before I found the loss and reported. 1234 was not the code in watch.... So I recommend just one one CC in Apple pay with reasonable limits, at least around Chueca Madrid!

PS. The electronic card was induced almost instantaneously, so apart from missing currency, everything went smoothly.