- Platinum Member
- Posts: 77
- Joined: Fri Apr 18, 2014 10:30 pm
- Location: South Florida
We can expect little in the way of a suitable conversion to any kind of EMV/PIN/Magnetic Stripe system by October of this year. I have only two cards with EMV chips so far: 1) A Chase Freedom Card converted from the Mastercard Network to the Visa Network, so the replacement card was a "new style" EMV chipped card. 2) A Capital One Venture Card that had to be replaced again because a replacement card was "lost in transit" so the acct. number was changed, and a new style EMV card was sent to replace it. No debit cards have yet been issued to me by the banks I deal with, and no gasoline credit cards either.
Now I intend to do some international travelling to the Caribbean. I called Chase ten days ago, and requested that my other Freedom Card simply be replaced with a chipped card (keep the same account number, everything else the same). The C/S agent, who sounded unsure of herself (an overseas agent, by the way), put me on hold, and came back saying that "I was not eligible for this type of replacement card"! Since my Chase card accounts are over forty years old and in PERFECT standing, I would not accept her vague and (obviously incorrect) answer, and demanded to speak to a credit manager. She had me on hold again for over six minutes this time, and came back saying "sir, you are not eligible for this type of card, but we will send one to you in seven to ten business days...". I graciously thanked her for her assistance anyway. I haven't received the new card as yet.
My point being this: if you have to argue with the banks in July to get a chipped card of any kind, chances of everybody getting chipped cards by October are very slim, and vendors are in no rush whatsoever to get upgraded card readers. It was like digital TV several years ago: the USA was one of the last places on earth to convert to the new technology. How times have changed.