How to Avoid Chip Credit Card Scams
Are you shopping with a chip credit card? That’s the one you have to stick in the checkout terminal for an interminable amount of time. Chip-enabled credit cards are supposed to be safer than the old magnetic swipe cards. But are they?
They are supposed to be, but only if the store you shop in has a chip-enabled terminal. One survey shows that less than 40% of U.S. merchants even have chip terminals. This forces you to swipe it just like a mag card, and opens you up to the same risks.
This article was originally posted on USAToday.com.
Despite the promises of banks and retailers in Europe, chip-enabled cards are still vulnerable. Here’s what you can do to lower your risk of becoming a fraud victim.