Does your credit card have this?

[youdontkillmoney]

Doe syour credit card have a smart chip, very few (probably, 1-2) have them

I heard they are more prevalent in European CCs than USA ones

What's the benefit of them anyway?

[Anonymous]

I do have a smart chip on my BCE. I have yet to find a place where the chip reader actually works though.

[09Lexie]

This thread will be useful:

http://ficoforums.myfico.com/t5/Credit-Cards/EMV-Chip-Cards/m-p/2087483#M580381

[DaveSignal]

My BoA card, SDFCU, and bank card have EMV.  Merchants in Europe don't expect swipe cards, so it is easier to use.  Its one of the reasons I am thinking about CSP (in addition to the signup bonus), even though I have a Barclays Arrival already.  It is easier to have EMV in the United Kingdom.

[Anonymous]

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@youdontkillmoney wrote:

Doe syour credit card have a smart chip, very few (probably, 1-2) have them

I heard they are more prevalent in European CCs than USA ones

What's the benefit of them anyway?

---

Many many cards are now available with chips, certainly Amex, Chase, Citi and BoA offer them on several cards.

The thing that is hardly available in the US is real Chip & Pin, all the major issuers have stuck with chip & signature.

[Anonymous]

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@Anonymous wrote:

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@youdontkillmoney wrote:

Doe syour credit card have a smart chip, very few (probably, 1-2) have them

I heard they are more prevalent in European CCs than USA ones

What's the benefit of them anyway?

---

Many many cards are now available with chips, certainly Amex, Chase, Citi and BoA offer them on several cards.

The thing that is hardly available in the US is real Chip & Pin, all the major issuers have stuck with chip & signature.

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+1.

Browse the Smorgasboard and credit in the news forums -- there are a few posts regarding EMV, the prevalence of EMV in the US, and news about our apparent switch to chip & pin in 2015. lots of good information there. the moderator link above also has a bunch of good stuff there.

the chip itself is not as rare as you think, but as of now very few banks have incentive to provide them on their cards as default.

[takeshi74]

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@youdontkillmoney wrote:

Doe syour credit card have a smart chip, very few (probably, 1-2) have them

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Many more than 1-2 have them.  I have 5 with EMV.

There will be even more as the liability shift approaches and creditors roll them out.

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@youdontkillmoney wrote:

What's the benefit of them anyway?

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In one word, security.  More details can be found via the link provided above and other threads on EMV.

[ACsteel]

All my cards are chip and signature, wish USA would be on chip and pin already though.

[AzaleaB]

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@Anonymous wrote:

I do have a smart chip on my BCE. I have yet to find a place where the chip reader actually works though.

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EMV chip-enabled terminals are rolling out slowly but surely in NYC. When you use a card with the EMV chip at some places, they use the special terminal and it's chip and signature.

[DaveSignal]

I would think that since the US doesn't need a PIN-pad, merchants could get away with an inexpensive usb card reader, similar to what the military has been using for years for its ID logins.

But, once the readers are enabled, a chipped card doesn't work as a swipe card when the terminal supports it.  It seems like the US version of EMV doesn't really save much time since it still requires a signature, but I think the main reason that the US is doing something is to curtail counterfeiting.