topic Re: Chip cards? in Credit Cards

Chip cards?

afbar1114 — Thu, 26 Apr 2012 23:32:19 GMT

whats this chip and pin and chip and sig about whats better and what is it?

Re: Chip cards?

tsquad131 — Thu, 26 Apr 2012 23:43:52 GMT

chip and pin is for debit cards and chip and sign is for credit cards, these 2 technologies are mainly for overseas so its harder to duplicate cards and reduce theft.i think some merchants overseas will not accept any cards unless it has 1 of those 2 technologies

Re: Chip cards?

ArisGreek — Fri, 27 Apr 2012 01:28:00 GMT

Close TSquad....credit cards with the chip are called Chip and Pin. They are on all credit cards in Europe and most of the world except the USA (though starting to come here) and instead of signing your name, you enter a pin for your purchase. I have a Citi TY Preferred with the chip but unfortunately, you cannot assign a pin to it so it is chip and signature which can still cause aggravation. If you do a search in the forums, you can find various threads on this.

Re: Chip cards?

Anonymous — Fri, 27 Apr 2012 04:24:33 GMT

@ArisGreek wrote:
Close TSquad....credit cards with the chip are called Chip and Pin. They are on all credit cards in Europe and most of the world except the USA (though starting to come here) and instead of signing your name, you enter a pin for your purchase. I have a Citi TY Preferred with the chip but unfortunately, you cannot assign a pin to it so it is chip and signature which can still cause aggravation. If you do a search in the forums, you can find various threads on this.

Huh? If credit cards with the chip are called chip and pin, what do you call the credit cards with the chip and signature? You seem to contradict yourself here.

Credit cards with the chip (EMV) are simply credit cards with the chip. In Europe the vast majority are paired with a PIN, but in the United States most (JPM Palladium, JPM Select, Citi Dividend World Elite, etc.) are chip and signature.

Re: Chip cards?

RyVision — Fri, 27 Apr 2012 04:33:51 GMT

@afbar1114 wrote:
whats this chip and pin and chip and sig about whats better and what is it?

Things you don't need to worry about yet Most sig cards (signature) require 5k limits. I actually don't know if there are any under that CL. Credit age, low inq's and perfect or near perfect reports are usually required to get signature anything.

Re: Chip cards?

Anonymous — Fri, 27 Apr 2012 04:40:18 GMT

@RyVision wrote:
@afbar1114 wrote:
whats this chip and pin and chip and sig about whats better and what is it?
Things you don't need to worry about yet Most sig cards (signature) require 5k limits. I actually don't know if there are any under that CL. Credit age, low inq's and perfect or near perfect reports are usually required to get signature anything.

You are confusing EMV "chip" technology with the Visa Signature credit card tier.

Re: Chip cards?

RyVision — Fri, 27 Apr 2012 04:51:28 GMT

@Anonymous wrote:
@RyVision wrote:
@afbar1114 wrote:
whats this chip and pin and chip and sig about whats better and what is it?
Things you don't need to worry about yet Most sig cards (signature) require 5k limits. I actually don't know if there are any under that CL. Credit age, low inq's and perfect or near perfect reports are usually required to get signature anything.

You are confusing EMV "chip" technology with the Visa Signature credit card tier.

Sorry , wasn't addressing the Chip (EMV) or PIN question, just the Sig curiosity (at least I think "signature" is what he was asking about). I think Apbar is done apping for a while so probably doesn't need to worry about finding a card with the chip or pin features for a while Thought I should clear that up a bit so it wouldn't confuse others that might be curious.

Re: Chip cards?

Anonymous — Fri, 27 Apr 2012 05:07:40 GMT

@RyVision wrote:
@Anonymous wrote:
@RyVision wrote:
@afbar1114 wrote:
whats this chip and pin and chip and sig about whats better and what is it?
Things you don't need to worry about yet Most sig cards (signature) require 5k limits. I actually don't know if there are any under that CL. Credit age, low inq's and perfect or near perfect reports are usually required to get signature anything.

You are confusing EMV "chip" technology with the Visa Signature credit card tier.
Sorry , wasn't addressing the Chip (EMV) or PIN question, just the Sig curiosity (at least I think "signature" is what he was asking about). I think Apbar is done apping for a while so probably doesn't need to worry about finding a card with the chip or pin features for a while Thought I should clear that up a bit so it wouldn't confuse others that might be curious.

Erm, I'm pretty sure he's asking about "chip & pin" vs. "chip & signature" technology. The former is the method preferred in Europe as it's more secure and let's you use automated kiosks, which is something you can't always do with a "chip & signature" card. If anyone wants to get into the details of EMV tech, there's always Wikipedia: http://en.wikipedia.org/wiki/EMV