Slowly but surely, credit card issuers in the U.S. are beginning to add EMV technology (chip and signature) to their credit cards. This is especially useful for Americans who are planning on traveling abroad since many establishments in other countries do not accept magnetic stripe cards. EMV cards are also much more secure than magnetic stripe cards which can be cloned easily for fraudulent use. Only a few issuers in the U.S. are currently issuing EMV cards. I'll show you which issuers they are and which are our top rated EMV cards in the U.S. right now.
Europe started adopting chip cards not long after 2002 with the collaboration between MasterCard (MA), Visa (V) and EuroPay creating the leading global standard for chip technology - EMV - which stands for EuroPay, MasterCard, Visa. The difference between magnetic stripes and EMV credit cards is that EMV cards encrypt different data for each transaction, while magnetic stripes offer the same data each time. This makes EMV credit cards much harder to copy and use fraudulently. Over 80 countries use chip cards, and many European and Asian countries no longer acknowledge magnetic stripe cards. So, apart from offering extra security and convenience, chip cards are practically becoming a necessity when traveling to foreign countries.
In 2012, four major issuers began introducing chip cards in the U.S. These issuers are Citi (C), American Express (AXP), Discover (DFS) and Chase (JPM). At the moment there are around 50 EMV cards available to cardholders in the U.S. - which is not much compared to places like Europe where chip cards are the norm! The latest issuer to introduce EMV technology to one of its most popular travel cards is Chase.
Citi is another issuer that is a pioneer in EMV credit cards in the U.S. All Citicards can be issued with chip and signature by request.
Here are some of the credit cards with chip technology that received high ratings on GET.com, which we highly recommend to people who will travel abroad:
|Credit Card||Features||Intro APR||Regular APR||Annual Fee||Why we like it||We least like||Credit Required||Related links|
Chase Sapphire Preferred® Card
18.24% - 25.24% Variable
|Related Links Read our review of Chase Sapphire Preferred® Card or view more details of Chase Sapphire Preferred® Card. See more Chase credit cards.|
If you are planning on traveling abroad, it is important to use a credit card that offers specific rewards, benefits and perks - such as no foreign transaction fee! To help you choose the right credit card for your travels, you can also check out this selection of our top rated travel credit cards.