When will credit cards switch over to Chip and PIN?

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PowerMan572
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When will credit cards switch over to Chip and PIN?

Postby PowerMan572 » Mon Feb 10, 2014 4:42 am

I'm currently holding the Barclaycard Arrival, Amex Blue Cash Preferred, and Capital One Venture. NONE of these cards offer the Chip and PIN.

When do you think everyone will start switching over?

I read that Target will start offering customer's to pay via chip and pin by January, 2015. That's only 11 months away! That seems really soon (but I'm all for it!)


thom02099
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Postby thom02099 » Mon Feb 10, 2014 11:04 am

PowerMan572 wrote:I'm currently holding the Barclaycard Arrival, Amex Blue Cash Preferred, and Capital One Venture. NONE of these cards offer the Chip and PIN.

When do you think everyone will start switching over?

I read that Target will start offering customer's to pay via chip and pin by January, 2015. That's only 11 months away! That seems really soon (but I'm all for it!)


This article probably gives the answer you're looking for. Best guess = October, 2015.

http://blogs.wsj.com/corporate-intelligence/2014/02/06/october-2015-the-end-of-the-swipe-and-sign-credit-card/
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websteth
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Postby websteth » Mon Feb 10, 2014 6:09 pm

Even if you get a US card with a chip, all are chip and signature right now until the liability switch in October 2015.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
Bank of America Virgin Atlantic World Elite MasterCard
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rockyrock
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Postby rockyrock » Mon Feb 10, 2014 11:16 pm

websteth wrote:Even if you get a US card with a chip, all are chip and signature right now until the liability switch in October 2015.


Yeah, I have like five cards with a chip and only one is a true C&PIN...the rest are these useless C&Sig
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

takeshi
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Postby takeshi » Tue Feb 11, 2014 7:36 am

Chip & sig is still useful -- just not at automated terminals that only accept PIN.

MemberSince 79
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Postby MemberSince 79 » Tue Feb 11, 2014 11:11 am

My question would be, why have chip and sig. at all if we are all going to chip and PIN anyway?
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websteth
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Postby websteth » Tue Feb 11, 2014 3:34 pm

MemberSince 79 wrote:My question would be, why have chip and sig. at all if we are all going to chip and PIN anyway?

Until the liability shift, signature is what is required.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
Bank of America Virgin Atlantic World Elite MasterCard
Discover: Discover it
Other:Macy's Star Rewards, Target REDCard

rockyrock
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Postby rockyrock » Tue Feb 11, 2014 4:54 pm

MemberSince 79 wrote:My question would be, why have chip and sig. at all if we are all going to chip and PIN anyway?


The answer is that US banks are short sighted and think with an imperialistic attitude.
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
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whit
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Postby whit » Tue Feb 11, 2014 8:31 pm

any added expense that isn't needed and doesn't benefit them way more then the cost is to be avoided at all cost

so if they are made to with switch in liability or whatever,
then yes they will

until then they won't go

unless it's kicking and screaming

but that's the American way (medical insurance for example)



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