Card with no EMV Chip still?

[Anonymous]

Just got my local CUs Visa Platinum credit card in the mail. To my surprise it does not have a chip! Swipe only!

I thought it was pretty much standard across the board but apparently not. Anyone else out there still with swipe only? I personally prefer the swipe only, something more satisfying about swiping rather than "insert chip" so I am excited to take this out for a spin.

[FinStar]

I have a plethora of CUs, regional and national banks that do not have EMV chips on their debit/credit cards, especially on recently re-issued cards.  As long as the card works, I'm good 👍 

[Anonymous]

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@Anonymous wrote:

Just got my local CUs Visa Platinum credit card in the mail. To my surprise it does not have a chip! Swipe only!

I thought it was pretty much standard across the board but apparently not. Anyone else out there still with swipe only? I personally prefer the swipe only, something more satisfying about swiping rather than "insert chip" so I am excited to take this out for a spin.

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I just checked my cards. Several new cards issued to me just this year do not have the EMV chip as well. I assume that it is not required or all banks would have them by now.

Thanks

Mark

[Anonymous]

Man, and here I thought Alliant was behind the times because their Visa Signature doesn't have contactless payment. Mag stripe only in 2021 is pretty wild.

[Loquat]

There are still a lot of issuers who at some point will fade the old cards out as they expire. I still have a handful of credit and store cards that don't have chips and like @FinStar said, as long as it works, I'm okay with it.

[Red1Blue]

I have some cards that does not have the Chip in it.

[ChargedUp]

Interesting! All my cards have a chip and most are contactless except for my lone store card, Buckle.

I'm curious... What issuers are still putting out simple mag strip cards nowadays?

[FinStar]

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@ChargedUp wrote:

Interesting! All my cards have a chip and most are contactless except for my lone store card, Buckle.

I'm curious... What issuers are still putting out simple mag strip cards nowadays?

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There's still some in circulation I'm sure.  Comenity comes to mind as an example.  My recently issued DSW Visa Signature is not EMV chipped or contactless -- still with the good ole magnetic stripe 🤷‍♂️

[jnbowmar]

Even my Walmart store card with a 300 dollar limit has a chip. 

And visa and the rest of the payment processers forced the banks to add the chip because before, visa was liable for charge backs/fraud. Now any bank that doesn't have a chip is liable for charge backs instead of visa, so this is really surprising. Must be a tiny credit union.