topic Re: Cards with a Chip in Credit Cards

Cards with a Chip

Anonymous — Tue, 07 Jul 2015 18:43:27 GMT

Is there a huge benefit or necessity to having a card with a chip?

I just recieved my goRewards Visa today and it has one.

Just curious to learn more about it or if there are special ways of using it. It came with the instructions to insert it into the two-inch slot near the PIN pad where you insert the card.

Re: Cards with a Chip

Anonymous — Tue, 07 Jul 2015 18:57:25 GMT

It's supposed to be safer and more secure for the consumer.

We just started getting those machines in this area and I've only had to insert one of my chipped cards a couple times. There's a slot under the number pad and you insert the card and wait like 15 seconds for the process to complete. Then you need to sign or enter a pin or whatever you need to do with your particular card.

I also found that once I got one of my credit cards with the chip, all the rest followed suite REAL FAST.

Re: Cards with a Chip

Anonymous — Tue, 07 Jul 2015 18:58:02 GMT

@Anonymous wrote:
Is there a huge benefit or necessity to having a card with a chip?
I just recieved my goRewards Visa today and it has one.
Just curious to learn more about it or if there are special ways of using it. It came with the instructions to insert it into the two-inch slot near the PIN pad where you insert the card.

Read this from NFCU

https://www.navyfederal.org/products-services/business-services/articles/EMV-Chip-cards.php and

https://www.navyfederal.org/products-services/cards/creditcards/chip-technology.php

Re: Cards with a Chip

Anonymous — Tue, 07 Jul 2015 18:59:06 GMT

Yes, you have better security on the card. The chip encrypts information to increase data security when making transactions at a chip-enabled terminal.

Re: Cards with a Chip

Anonymous — Tue, 07 Jul 2015 22:53:57 GMT

I ususally use Apple Pay where possible. Most of my cards also have EMV chips.

They are supposed to be more secure to limit fraud. I have tried to use them several times but none of the merchants I have been to have the chip readers turned on. I insert the card and nothing happens. So I just take the card out and swipe as normal.

Re: Cards with a Chip

JamP — Tue, 07 Jul 2015 23:06:31 GMT

The only cards that I have without the Chip are Sallie Mae and Discover.

Ive used the chip a few times.

Re: Cards with a Chip

Anonymous — Tue, 07 Jul 2015 23:15:54 GMT

@Anonymous wrote:
I ususally use Apple Pay where possible. Most of my cards also have EMV chips.

They are supposed to be more secure to limit fraud. I have tried to use them several times but none of the merchants I have been to have the chip readers turned on. I insert the card and nothing happens. So I just take the card out and swipe as normal.

You'll start seeing more and more merchants using the readers as we get closer to October.

Re: Cards with a Chip

SOGGIE — Tue, 07 Jul 2015 23:32:30 GMT

@Anonymous wrote:
It's supposed to be safer and more secure for the consumer.

We just started getting those machines in this area and I've only had to insert one of my chipped cards a couple times. There's a slot under the number pad and you insert the card and wait like 15 seconds for the process to complete. Then you need to sign or enter a pin or whatever you need to do with your particular card.

I also found that once I got one of my credit cards with the chip, all the rest followed suite REAL FAST.