What You Need to Know About EMV Chip Credit Cards

Friday, October 6th, 2017
Updated: September 3rd, 2018
The content is accurate at the time of publication and is subject to change.

If you’ve been reading about the changes in credit card payments lately, you might be wondering how it’s going to affect you. Merchants are now required to provide EMV-capable card readers at their point of sale areas. But just what is an EMV chip card? Here is what you need to know about these cards, and how to use them.

• What does EMV stand for? EMV stands for Europay, MasterCard, Visa – the original three companies that started making these cards. They are also called chip-and-PIN cards, chip-enabled cards, or just chip cards. They contain a small chip, embedded in the card, that has all your payment information on it. It’s encrypted, so it’s safe. When you make a payment with one of these cards, your payment information is sent securely, using a temporary code that will expire if it isn’t used within a certain timeframe.

• Why are these cards better? One word: security. These cards protect you from credit card fraud, identity theft, and other criminal activities. They keep your sensitive payment data safer than traditional magnetic stripe cards, which keeps you, your money, and your information safer as well. It’s in the best interests of consumers, merchants, and banks, all of whom deal with losses of money and time when data breaches leave consumers’ information vulnerable to thieves.

• Why are we switching now? In fact, most of the rest of the globe has already adopted EMV cards as the standard. This is one area where the United States has lagged behind the rest of the world. People who travel frequently and don’t have an EMV card have probably already encountered difficulty when they try to pay at parking meters, on buses, and in other situations where payments are automated or done my machine. There have been many credit cards available with EMV chips already, particularly travel rewards cards, but not all cards came with the chips. Now, it’s important that everyone have at least one.

• What kind of cards can have EMV chips? This isn’t just for credit cards; debit cards can have EMV technology as well. Any kind of payment card can be equipped with an EMV chip. Some cards have both a magnetic stripe and an EMV chip, so they can be used with any type of card reader.

• How is using these cards different? Instead of swiping your card in a card reader that picks up information from the magnetic stripe, you’ll wave, tap, or dip your card into the EMV card reader. It isn’t hard, and the clerk or salesperson should be able to help you if you can’t figure it out. If you are frustrated, just remember that having your payment information compromised and dealing with credit card fraud or identity theft would be much more difficult.

EMV cards are here to stay. They are useful for travel, highly secure, and easy to use. If you don’t have one, get one. If you don’t know how to use it, there’s one simple way to figure it out: go shopping! You’ll adapt soon enough.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Other Card Guides

5 Signs You Aren’t Using Credit Cards Enough February 28th, 2020

If you pay for most of your purchases with cash, checks or debit cards and shun your credit cards, you probably think you’re being fiscally responsible.

Continue »
Why You Shouldn’t Neglect a Concierge Service That Comes with Your Credit Card February 3rd, 2020

Imagine that you choose between two similar credit cards one of which does offer complimentary concierge services as a benefit while the other doesn’t. Would this be a decisive factor for you? Most likely not. Despite the fact that many credit cards have this perk in the rewards list, potential applicants rarely pay attention to […]

Continue »
Why Was My Credit Card Application Denied? January 21st, 2020

When you apply for a credit card, there can be two possible outcomes: you get approved or you get denied. Of course, in case the second option takes place, you are most likely to become confused, disappointed or even angry.

Continue »
How to Get Your Wallet Ready for the Upcoming Holidays October 16th, 2019

At last, the most exciting and miraculous time of the year which each of us has been looking forward to is just around the corner. However, this period is not only the most magical but also, perhaps, the costliest. Now that less than a month is left before Christmas Eve, it’s time to think about preparing gifts for your near and dear ones. And you definitely do not want these purchases to set you back a small fortune once again.

Continue »
How I Ended My Toxic Relationship With Credit Cards February 27th, 2018

Do you know the signs of a toxic relationship? You feel out of control, just not yourself anymore.

Continue »
Best Credit Offer
First Access Visa® Solid Black Credit Card
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Horizon Gold Credit Card
Copyright © 2001-2020 BestCreditOffers.com All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by BestCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

Disclosure: Not an access card.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.