Originally Posted by
kebosabi
In all seriousness though, I doubt EMV cards are solely for the rich folk. Many people can join any number of CUs that offer EMV cards, anyone can apply for a BofA C&S card provided that their credit score isn't extremely low. Many people own Citi branded credit cards and they can be upgraded anytime.
Sure, EMV cards are available to many people, but why would anyone bother getting one unless they plan to use it for international travel? There is currently no reason to have one for domestic purchases, although that may change soon. Some banks are upgrading EMV cards without asking, but those are the premium-level cards, not the ones that average folk use. I don't have scientific data, but I'm pretty sure that the average American with an EMV card in his/her wallet is much wealthier than the average American.