plaidington wrote:Thanks for the feedback.
I got the card essentially for the Chip & PIN ability for 0% FTF.
I am grandfathered til August 2016 on the "old terms" so I am going to re-evaluate at that point if I retain the card or not. I really think Barclaycard is pulling a fast one on cardholders and I do not appreciate it, especially on a card with a $89 AF.
I am hoping more US credit card issuers make Chip & PIN available in the next year.
I feel like more Chip & PIN is step two in the crossover process that just started here.
The current system provides no additional security for the majority of transactions, especially since most cashiers don't even know about the concept of the chip, let alone how to use the reader etc etc. Perhaps that will change in 6-12 months. Probably.
But I do agree / hope you're right, that we'll be seeing more Chip & PIN in a year or so (at the very least the prime lenders will want to differentiate themselves again from the group, which will now have caught up and all be rocking chips).