[Product Update] Costco and Delta | Chip & Signature

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flan
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Postby flan » Sun Feb 16, 2014 7:28 pm

rockyrock wrote:Actually, we all are on the hook for fraud. The more it happens the more bank fees, AF's, APR's go up. When the responsibility is shifted to merchants we will see it in the form of higher prices for the products and services we purchase.

So it is in everyones best interest to reduce fraud.


and what's C&P got to do with that? I've seen no evidence it (as opposed to EMV generally) does so.


Reclusive46
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Postby Reclusive46 » Mon Feb 17, 2014 6:15 am

rockyrock wrote:You are correct on all counts.

The US financial industry probably just figures the rest of the world will change to a less secure method to be like us. You know kind of like the rest of the world adopted "standard" measurements instead of metric...


I doubt it. Other cards will stay chip and pin and US terminals will still need to accept Chip and PIN (Which will probably annoy restaurants as it'll mean they may well still need mobile terminals). Although as Visa recommends US terminals don't support Offline PIN (Where the PIN is stored on the chip itself) it means that UK and French cards (Only ones that use offline PIN) may well actually revert to signature in the US.
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Reclusive46
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Postby Reclusive46 » Mon Feb 17, 2014 6:17 am

benhollberg wrote:Not sure why people are complaining. In my eyes Chip and Signature is way better and more convenient. Do you seriously want to put a PIN in for every purchase, I sure don't. You're afraid of fraud, in the U.S. you're not on the hook for fraud so not sure what the deal is. With both C+P and C+S if your card is stolen or tried to be used fraudulently then they'll send you a new card regardless so both cases have that inconvenience.


If the US had chip and pin it would roll out contactless terminals like every other EMV market is doing (These days in the UK all my low value transactions are contactless) and its not even as though merchants have to do anything as most EMV terminals have contactless included in them these days.
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rockyrock
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Postby rockyrock » Tue Feb 18, 2014 8:43 am

Reclusive46 wrote:I doubt it. Other cards will stay chip and pin and US terminals will still need to accept Chip and PIN (Which will probably annoy restaurants as it'll mean they may well still need mobile terminals). Although as Visa recommends US terminals don't support Offline PIN (Where the PIN is stored on the chip itself) it means that UK and French cards (Only ones that use offline PIN) may well actually revert to signature in the US.


I was being sarcastic, sorry hard to convey in type sometimes.

My MasterCard has an offline PIN, but it was produced with the idea that American service members would be using it in Europe. From what I can tell the rest of the EMV cards on the US market are designed for use in the US even though they try to market them as international travel friendly.

Thanks for your insight.
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darkguy2
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Postby darkguy2 » Tue Mar 04, 2014 9:53 am

Called Amex last night and added the chip to my Costco card. They are going to send it overnight so I should get it tomorrow.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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Z06Biker
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Postby Z06Biker » Tue Mar 04, 2014 5:55 pm

Same here. UPS expedited to me and my authorized user. :)
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darkguy2
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Postby darkguy2 » Tue Mar 04, 2014 9:37 pm

I was surprised that when I called in the rep told me I was the first one to call about it. It took me 20 minutes to talk to someone so I had assumed it was because people were calling in to switch. She asked if I had gotten something in the mail telling me about it but I just said I was active online. :D
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

darkguy2
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Postby darkguy2 » Tue Mar 04, 2014 10:04 pm

Looks like it shipped out this morning and I will be getting it tomorrow afternoon. Yay chip & sig.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

takeshi
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Postby takeshi » Wed Mar 05, 2014 9:07 am

benhollberg wrote:Not sure why people are complaining.

Some travelers need chip and PIN for unmanned terminals that are only chip & PIN. There are certainly chip & PIN options. I have two such cards. FlyerTalk has a dedicated thread for the topic.

darkguy2
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Postby darkguy2 » Wed Mar 05, 2014 2:29 pm

Just got my card. It seems they changed the design slightly for the better.

Image
Image

The new one seems darker than the old one and they made the telephone numbers easier to read. Overall I like it more than the old one.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)



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