topic Re: Credit Card With a Security Chip Embedded in Community Chat

Credit Card With a Security Chip Embedded

tansy — Mon, 29 Sep 2014 23:27:52 GMT

I'm curious if anyone has one of these supposedly more secure cards that does not have a yearly fee involved? I just had a message that we will be receiving new cards...again...this time because of the Home Depot breach. It's a pain to get all of the automatic payments changed to the new number:/.

Re: Credit Card With a Security Chip Embedded

Cakers1 — Mon, 29 Sep 2014 23:30:30 GMT

Not sure if I've seen those - I've never paid an annual fee for any cc.

btw: Off topic but when we were talking about Zappos free overnight shipping - it's when you order before 1pm CST then it's next business day delivery, whether you are a special customer or not.

Re: Credit Card With a Security Chip Embedded

skuggles — Mon, 29 Sep 2014 23:40:03 GMT

I just received one, because of the home depot hack. No mention was made of a yearly fee.

Re: Credit Card With a Security Chip Embedded

tansy — Mon, 29 Sep 2014 23:42:32 GMT

On 9/29/2014 Cakers1 said:
Not sure if I've seen those - I've never paid an annual fee for any cc.

btw: Off topic but when we were talking about Zappos free overnight shipping - it's when you order before 1pm CST then it's next business day delivery, whether you are a special customer or not.

I don't pay a yearly fee either the only chip card I have found here in the US has a huge yearly fee.

I just called the CU and apparently plans are in the works to have the more secure cards ready for 2015.

thanks for the Zappo's info. I recently ordered a Brighton wallet and it arrived promptly the next day

Re: Credit Card With a Security Chip Embedded

tansy — Mon, 29 Sep 2014 23:44:27 GMT

I see I left out a KEY piece of info in my OP. I'm asking about the European-style cards that have a security chip embedded into the card.

Re: Credit Card With a Security Chip Embedded

Snowpuppy — Mon, 29 Sep 2014 23:44:59 GMT

They have been issued in Europe for awhile but not aware of when they'll begin issuing them in the US.

You'll have to shop for a cc deal that suits you. I've pared way back and only have one card, an AMEX that has no fee. Their CS is top notch and I'm very happy with them.

Re: Credit Card With a Security Chip Embedded

VioletEyes — Mon, 29 Sep 2014 23:51:26 GMT

Re: Credit Card With a Security Chip Embedded

lulu2 — Tue, 30 Sep 2014 00:26:37 GMT

I have a Visa from BoA that has a chip and no annual fee. It is a travel rewards card.

Re: Credit Card With a Security Chip Embedded

tansy — Tue, 30 Sep 2014 00:32:49 GMT

On 9/29/2014 lulu2 said:
I have a Visa from BoA that has a chip and no annual fee. It is a travel rewards card.

Thanks, lulu. I will take a look at their site.

Re: Credit Card With a Security Chip Embedded

MESPal — Tue, 30 Sep 2014 00:52:53 GMT

The store where I work just received a new CC machine that is enabled to accept either the old style cards or the new cards with the embedded chip. Each time you use the "chip" card you have the option of asking it to be swiped or inserted (new style of running a card). When it's inserted the chip scrambles your info and sends itself a new password to add more security ....complicated to explain, but our understanding is that all stores will be required to have the new machines next year and all cards will be changed over to the chip embedded kind. HTH

Re: Credit Card With a Security Chip Embedded

Buck-i-Nana — Tue, 30 Sep 2014 00:57:49 GMT

Sam's Club just replaced their Discover Card with a Master Card issued by Synchrony Bank that has the new embedded chip.

Re: Credit Card With a Security Chip Embedded

FrostyBabe — Tue, 30 Sep 2014 00:59:31 GMT

I just got a new AMEX card with the chip. It does carry an annual fee, but the benefits that I receive from the card make it more than pay for itself for my situation.

Re: Credit Card With a Security Chip Embedded

tansy — Tue, 30 Sep 2014 01:00:14 GMT

On 9/29/2014 MESPal said:
The store where I work just received a new CC machine that is enabled to accept either the old style cards or the new cards with the embedded chip. Each time you use the "chip" card you have the option of asking it to be swiped or inserted (new style of running a card). When it's inserted the chip scrambles your info and sends itself a new password to add more security ....complicated to explain, but our understanding is that all stores will be required to have the new machines next year and all cards will be changed over to the chip embedded kind. HTH

So having the card with a chip in it won't help much until the stores have the new machines I guess. Thanks for the info. I didn't realize how it worked.

Re: Credit Card With a Security Chip Embedded

Lion — Tue, 30 Sep 2014 01:02:12 GMT

It's too bad it's taking all these awful security breaches before this country finally starts using the more secure chip-embedded cc's.

All about $$ again. The banks/cc companies didn't want to spend the $$ until now when they're losing huge amounts to the security breaches.

Think of all the headaches and problems that could've been avoided if they'd just started using them earlier, like they should have.

Re: Credit Card With a Security Chip Embedded

Irshgrl31201 — Tue, 30 Sep 2014 01:09:55 GMT

Yes we have the Am Ex, it is an EMV and I do know we have a annual fee but I am not sure exactly how much that is. (I think a couple hundred) I am not a fan of yearly fee but with this card it does pay for itself for the things we use it for. My husband especially.

Re: Credit Card With a Security Chip Embedded

Still Raining — Tue, 30 Sep 2014 02:18:03 GMT

I was sent an EMV card this summer as a replacement, not sure why. It does not have an annual fee. This week at Toys R Us I noticed the new type of terminal.

I do think that none of the USA cards are PIN enabled however, which may be the issue you will have in other countries.

Re: Credit Card With a Security Chip Embedded

AnikaBrodie — Tue, 30 Sep 2014 02:34:01 GMT

I just received a new embedded chip Master Card. It had been a Discover Card previously. I activated the card yesterday but have not used it yet.

After having my CC account numbers stolen last year I am hopeful this new card avoids that possibility. If so, I'll be happy.

Re: Credit Card With a Security Chip Embedded

KathyPet — Tue, 30 Sep 2014 11:03:33 GMT

Two of my credit cards have been converted to the new chip technology and I took them to France last week. I had read a story about how all the cc machines in Europe were only using the cards with chip technology and I wanted to have cards that would work. I found the story to be much exaggerated. Every credit card machine I used in stores, restaurants etc. allowed for use of either the chip technology or the card reader for magnetic stripes.

Re: Credit Card With a Security Chip Embedded

Canada61 — Tue, 30 Sep 2014 14:23:34 GMT

Canada has had the chip cards for many years. No annual fees.

Re: Credit Card With a Security Chip Embedded

muttmom — Tue, 30 Sep 2014 14:26:56 GMT

On 9/30/2014 KathyPet said: Two of my credit cards have been converted to the new chip technology and I took them to France last week. I had read a story about how all the cc machines in Europe were only using the cards with chip technology and I wanted to have cards that would work. I found the story to be much exaggerated. Every credit card machine I used in stores, restaurants etc. allowed for use of either the chip technology or the card reader for magnetic stripes.

Our cards do not have chips and have never had problems using them in Europe.