Any drawbacks to EMV chips?

[elegia]

Several of my cards now offer EMV chips but haven't actively replaced my existing cards with the newer versions (have to request). What I want to know is, are there any drawbacks to the EMV chipped cards? I remember seeing something about a place not being able to read chipped cards, and was wondering if this was common or if there were any other problems I should know about.

[Berk]

Most of my cards are chipped and I have experienced zero problems.

[Shock]

There was a particular instance at the McDonalds drivethru where my Double Cash would not swipe, although it is a couple months old and barely used..I told her there was a chip but she didnt listen. She just kept swiping the hell out of my new card and eventually got it to work..not sure if this is due to her being an idiot, but I guess a potential draw back could be the card having both features, and the person using it not knowing what the hell to do when it doesnt work.

[Anonymous]

Chipped cards will be the norm by the end of next year, and most people won't have an option anyway.   But no real need to rush and get them, wait for the issuers to replace.

[Anonymous]

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@Anonymous wrote:

Chipped cards will be the norm by the end of next year, and most people won't have an option anyway.   But no real need to rush and get them, wait for the issuers to replace.

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+1

Unless you plan on traveling internationally (especially to Western Europe), there is no rush to get EMV cards. Also, if you plan a Europe trip, you might want a Chip and Pin card instead of the usual Chip and Signature card that most banks here will be issuing. But there is no need for us to rush to get "chip" cards for domestic use and our card issuers will be rolling out replacements in the next year or so anyway. 

[Shock]

Most places near me have switched out to terminals with a chip reader. However I wonder if this is chip and pin friendly, for people visiting the US, or only chip and signature friendly. I'm confused as to whether its the same technology or not in regard to the "chip part." Meaning, will they issue us pins, prompt us to create pins, or give us new cards that are chip and pin friendly?

[Lyythine]

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@Shock wrote:

Most places near me have switched out to terminals with a chip reader. However I wonder if this is chip and pin friendly, for people visiting the US, or only chip and signature friendly. I'm confused as to whether its the same technology or not in regard to the "chip part." Meaning, will they issue us pins, prompt us to create pins, or give us new cards that are chip and pin friendly?

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I have two cards with "chip" technology. Both cards were sent a corresponding PIN to use which I can change but havent done so yet.  The chip & signature is a bit different than chip & pin in that one you sign a receipt and the other, much like a debit card, you simply enter your pin. 

[mongstradamus]

I don't know if i am not understanding how to use emv chip cards properly, but some places i shop have the reader on the bottom i think you are supposed to slide in your card, but none of them work so i just slide it the old fashioned way.

[Shock]

Yes, I get the obvious differences lol. But if our cards are only chip and signature, will they just issue us pins later on? Will the new terminals need to be replaced again with ones that are chip and pin enabled?

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Lyythine wrote: 

I have two cards with "chip" technology. Both cards were sent a corresponding PIN to use which I can change but havent done so yet.  The chip & signature is a bit different than chip & pin in that one you sign a receipt and the other, much like a debit card, you simply enter your pin. 

[Luscher]

You just insert it in the slot, normally located on the bottom, but you only have to do that if it is enabled on the terminal. which a lot of places by me do not have yet