USA issuers announce EMV cards (Chip & PIN -or- Chip & Signature).
Jun 12, 2011, 8:24 am
#91
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That said, there are conflicting reports on the Chase product from industry sources too. nearly all of them do say EMV, though, and EMV does not exist without the pin. Without the pin the chip serves no real purpose.
Jun 13, 2011, 10:39 pm
#92
Join Date: Jun 2011
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I can confirm that USB is now starting is issue these cards, I received one today. The advert enclosed said Chip+Sig, and you only need a PIN if you're planning on withdrawing cash (ATM trans). I did call USB to request a PIN, as I travel in Europe quite a bit and don't want to be left without that option. I've used C+P cards extensively, as I have a few Sterling accounts with HSBC International. Without question this is quite an improvement over mag only. Also, Visa International rules specifically state that all retailers MUST accept mag only cards (maybe automated stations not?), I reported Toys R Us in the UK for refusing to accept my Dollar mag AMEX. Visa Europe wrote me back and confirmed this, but said it's a problem. Somewhat ironic considering Toys R Us is a US firm.
And another bank adds to the list of growing American financial institutions adding EMV, this time US Bank:
U.S. Bank First in United States to Issue Dual EMV Chip and Contactless Payment Solution for International Travelers
Especially to note is: "The new U.S. Bank FlexPerks Travel Rewards Visa® credit card combines Visa payWave, EMV chip, and magnetic stripe technologies, enabling customers to have the best experience possible wherever they use their cards."
I applaud them for also going the extra mile by adding contactless feature to the card as well. Mag-stripe+contactless+EMV! ^
U.S. Bank First in United States to Issue Dual EMV Chip and Contactless Payment Solution for International Travelers
Especially to note is: "The new U.S. Bank FlexPerks Travel Rewards Visa® credit card combines Visa payWave, EMV chip, and magnetic stripe technologies, enabling customers to have the best experience possible wherever they use their cards."
I applaud them for also going the extra mile by adding contactless feature to the card as well. Mag-stripe+contactless+EMV! ^
Jun 15, 2011, 7:36 pm
#93
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Confirming that JPMorgan/Chase are now issuing EMV cards for eligible products. Requested mine today, so should have them this week. Will finally be able to confirm if it's Chip+Sig or Chip+PIN.
Jun 15, 2011, 9:25 pm
#94
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Jun 15, 2011, 9:28 pm
#95
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No idea, I have a JPMorgan issued card, so I suggest you call customer service to see if your card is supported. My best guess is that the Sapphire Preferred and cards with no foreign transaction fee will be next up.
Jun 16, 2011, 9:43 am
#97
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Chase seems to be uping US Bank's ante by offering a no forex fee chipped card that earns rewards which will be announced tomorrow
Going on vacation? Pack the right credit card
So now we have two rewards cards, one at a low $49 annual fee but comes with contactless, but the downside being it has forex fees, versus one that costs $95 in annual fees but has no forex fees.
Seems like competition is heating up.
Going on vacation? Pack the right credit card
The newest option comes from Chase. The bank on Friday plans to announce its new J.P. Morgan Select card, which is designed for those who travel overseas regularly. Chase says it will be the first national launch of a credit card with chip technology by a major U.S. bank.
The card has a $95 annual fee, so you'll need to consider whether the benefits are worth it. In addition to other travel perks such as roadside assistance and emergency medical coverage, cardholders earn 2 points for every $1 spent on travel and 1 point for every $1 on all other spending.
The card also doesn't charge a fee for every transaction that takes place abroad, which is common for most credit cards.
The card has a $95 annual fee, so you'll need to consider whether the benefits are worth it. In addition to other travel perks such as roadside assistance and emergency medical coverage, cardholders earn 2 points for every $1 spent on travel and 1 point for every $1 on all other spending.
The card also doesn't charge a fee for every transaction that takes place abroad, which is common for most credit cards.
Seems like competition is heating up.
Last edited by kebosabi; Jun 16, 2011 at 9:54 am
Jun 16, 2011, 10:24 am
#98
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I'm definitely interested in hearing more details about the new card from JPM.
The only thing is that the JPMorgan Select Card seems to be an existing product that is currently only available for certain JPMorgan clients:
https://www.chase.com/index.jsp?pg_n...visa_signature
I wonder if they will be opening this up to the general public?
The only thing is that the JPMorgan Select Card seems to be an existing product that is currently only available for certain JPMorgan clients:
https://www.chase.com/index.jsp?pg_n...visa_signature
I wonder if they will be opening this up to the general public?
Jun 16, 2011, 10:39 am
#99
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Jun 16, 2011, 10:48 am
#100
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Maybe the webpage is still under construction?
Jun 16, 2011, 4:20 pm
#101
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The page for the JPM Select card is now down, so it looks like they may be re-doing it for a revamp of the card tomorrow.
The features of the JPM Select card seem fairly similar to the Sapphire Preferred card (it would appear that both accrue Ultimate Rewards points, and both have a $95 annual fee and no forex fees), so I wonder why Chase wouldn't just go ahead and add a EMV chip to the Sapphire Preferred product?
The features of the JPM Select card seem fairly similar to the Sapphire Preferred card (it would appear that both accrue Ultimate Rewards points, and both have a $95 annual fee and no forex fees), so I wonder why Chase wouldn't just go ahead and add a EMV chip to the Sapphire Preferred product?
Jun 16, 2011, 4:55 pm
#102
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The page for the JPM Select card is now down, so it looks like they may be re-doing it for a revamp of the card tomorrow.
The features of the JPM Select card seem fairly similar to the Sapphire Preferred card (it would appear that both accrue Ultimate Rewards points, and both have a $95 annual fee and no forex fees), so I wonder why Chase wouldn't just go ahead and add a EMV chip to the Sapphire Preferred product?
The features of the JPM Select card seem fairly similar to the Sapphire Preferred card (it would appear that both accrue Ultimate Rewards points, and both have a $95 annual fee and no forex fees), so I wonder why Chase wouldn't just go ahead and add a EMV chip to the Sapphire Preferred product?
Jun 17, 2011, 8:11 am
#103
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Though spoken of yesterday, the JP Morgan Select card seems to be officially "live" and accepting applicants today
Chase Card Services Adds EMV Chip Technology to Its J.P. Morgan Select Visa Signature Card
Link to Select card's info and application form now shows a chipped VISA signature card: https://www.chase.com/ccp/index.jsp?...h90&msc=&affid
Chase Card Services Adds EMV Chip Technology to Its J.P. Morgan Select Visa Signature Card
Link to Select card's info and application form now shows a chipped VISA signature card: https://www.chase.com/ccp/index.jsp?...h90&msc=&affid
Jun 17, 2011, 8:18 am
#104
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Mannnnn I'd like to have this Card before a European trip in September, but Chase is already pissed at me about applying for the United Card in Jan and BA Card in April. Just got denied the Sapphire this week! I guess I'll try again in Late July or early August for this card.
Jun 17, 2011, 8:38 am
#105
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