Originally Posted by
tmiw
Don't cards from most other countries still have a per transaction limit but no other limits?
While I'm sure it varies by country, I believe the vast majority have a pre-set value limit and transaction limit (which is decently high) before requiring coming online to "re-set"
Originally Posted by
lordsutch
Not to rehash this argument over and over, but Americans have been trained that any use of a PIN with a credit card is going to lead to a cash advance and getting hammered with transaction fees and immediate interest charges (likely higher than the purchase APR).
You can make the same argument about other countries that went PIN. All banks need to do is sent out a letter/email about "your new and secure card with Chip and PIN" and it would say "to authorize a transaction, you will use a 4-digit PIN instead of signing to keep you even safer! And don't worry, in the case of fraud, you are 100% covered with our $0 liability program! Using a PIN is safe and easy and this new service is provided completely free"