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Old Aug 27, 2011 | 10:18 pm
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mahasamatman
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Originally Posted by Tailgater
So, go ahead and get an old-fashioned, third-world, low-tech US based credit card.
Definitely do, because these cards come with zero liability for the user for fraudulent use. With chip cards, the banks have zero liability - the customer and merchant share liability 50/50 if the card is used fraudulently. The only people who benefit from the chip cards are the banks, and it's too bad parts of the world (Europeans in particular, but it's spreading) have been fooled into believing otherwise. Until that's fixed, I won't even consider getting a chip card.

Originally Posted by Tailgater
I supposed if you're in a country that doesn't require the chip encoded credit cards you will be okay.
Luckily, Visa and MasterCard both require merchants to accept magnetic stripe cards as part of their worldwide merchant agreement. However, few people exercise their rights by pressing when merchants refuse the cards.

Last edited by mahasamatman; Aug 27, 2011 at 10:25 pm
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