Chip Cards Available For Many Different Needs

Friday, April 29th, 2016
Updated: April 29th, 2016
The content is accurate at the time of publication and is subject to change.

If you are like most Americans, you’ve probably received at least one new credit card or debit card in the mail in the last six months—and not because you opened a new account.

No, the flood of new cards being mailed out recently are chip-enabled cards (also called EMV cards—it stands for Europay, MasterCard, Visa) to replace old magnetic stripe cards. Close to 30 million people got new chip credit cards since October 2015, when federal regulations shifted to hold retailers, not banks, responsible for fraudulent transactions if they did not use the higher security EMV chip card readers to process transactions.

Chip cards make payments more secure and are less likely to be hacked by cyber thieves. When payments are processed, a unique encrypted code is generated and sent, making the chip less vulnerable to fraudulent transactions.

Credit, debit, rewards, and balance transfer cards all come in chip form

When EMV cards debuted, they were more likely to be issued to travel rewards credit card holders, or to folks with elite cards that had higher annual fees. They were somewhat of a luxury, and they were also not widely accepted.

Travelers have always preferred to carry EMV chip cards, since Europe, Asia, and many other parts of the world switched to the EMV system before the U.S. adopted it. Overseas visitors sometimes found themselves unable to use their magnetic stripe cards in countries where EMV was the standard payment technology.

If merchants do not have the required equipment to accept chip cards, people cannot use them to pay. Chip cards generally have the old magnetic stripe as well as the EMV chip, however, so they can be used either way.

Now most cards come in EMV form, from balance transfer cards to rewards cards to debit cards and cards without any other special features.

A recent survey found that 70% of cardholders in the United States have a chip card, 15% do not have one, and 14% aren’t sure if they have one or not. One percent declined to answer the question when polled.

People tend to like their chip cards

When asked whether they are satisfied with their chip cards, 59% of respondents said they don’t have any complaints about them. Sixteen percent felt it took too long to process their payments using a chip card, and 12% said that not enough retailers are equipped to accept the cards.

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 Balance Transfer Card News

Thursday, March 12th, 2020

According to the 2019 Balance Transfer Credit Card Report from CompareCards, more than 75% of cardmembers in the U.S. fail to understand properly how balance transfers actually work. Despite the fact that most of the respondents already had experience of using balance transfer credit cards, 76% of them are still confident that if they fail […]

Thursday, January 2nd, 2020

Balance transfer is the process of transmitting the balances between two credit cards, where the outstanding dues are migrated from a card with high APR to a ZERO interest credit card. Several renowned banks in addition to offering debt transfers from the existing cards to the new ones also include transfers of bank loan amount […]

Wednesday, December 5th, 2018

More people may find themselves on Santa’s “nice” list this year, getting all the things they wished for on their holiday list. At least, if spending forecasts are right, they will.

Wednesday, June 20th, 2018

A new co-branded card from Chase and United Airlines is offering an array of benefits, including 40,000 bonus miles when cardholders spend $2,000 in the first three months of having the card and a $100 bonus when they make their first purchase.

Wednesday, December 20th, 2017

The holidays are supposed to be a joyful time, but for many, that joy is dimmed by concerns about money. Credit card debt, in particular, can cast a shadow over holiday cheer, according to a survey by one of the United States’ leading mortgage servicer.

Best Credit Offer
Best Credit Cards from Credit-Land.com
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Badcredit.com Badcredit.com
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.