My View on Chip and sig

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Vermonster
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My View on Chip and sig

Postby Vermonster » Mon Jul 06, 2015 1:12 pm

Well 3 days into our Italy trip and take a wild guess at what the most useful card is in my wallet.

Chase Debit card.

The Sapphire is virtually worthless. When it does work people are shocked to see the receipt print and scramble to find a pen. Luckily most people speak enough English to work it out. Any unmanned machine like the toll booths or parking meters won't tale the card.

Chip and sig is a giant fail. I'm so pissed right now.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k


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CarefulBuilder14
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Re: My View on Chip and sig

Postby CarefulBuilder14 » Mon Jul 06, 2015 2:15 pm

I just don't get why virtually every bank in America decided that Chip+Sig would be appropriate on cards like CSP and PRG targeted towards people who travel. Magnetic stripes and Chip+Sig may make sense for lower-end, no-AF, non-travel cards - but not for premium travel ones.

Similarly, I don't understand how so many foreign business owners aren't accustomed to the occasional American customer. It is definitely an inconvenience for them, but it shouldn't be so surprising.

I've considered getting a UNFCU card if I don't have an existing Visa or MC convert to a "pure" Chip+PIN system soon. Arrival is supposed to be switching soon to the same semi-reliable signature/PIN "hybrid" system Arrival+ uses.

Debit will do the job, but the fees add up!
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

Vermonster
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Re: My View on Chip and sig

Postby Vermonster » Tue Jul 07, 2015 12:59 pm

Right now we are mostly in the countryside of Umbria which gets significantly less tourist traffic unless you're right on the A1. In the larger cities they are more used to the American cards. But I think the Chip throws them at first.

The biggest problem is the lack of high speed internet out here. The pharmacy had to connect the credit card machine to the internet to process my transaction which added about 5 min.

I'll be very happy when Chase finally switches the CSP over. I say when because they will most likely be forced to after travelers complain about the chip and sig. But they will probably offer a higher tier CSP with a $200 AF just to get chip and pin. At least we are getting a decent currency conversion.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

yfan
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Re: My View on Chip and sig

Postby yfan » Tue Jul 07, 2015 2:51 pm

I think being in countryside is the problem. I was in cities in Europe last year and my cards with chip+sig sailed through just fine, including at unmanned terminals (I suspect this was because of the small amount in those transactions).



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