John S Kiernan, Managing Editor
@John
A chip-and-PIN credit card works a lot like a traditional debit card at an ATM. However, when making purchases, rather than swiping a magnetic stripe credit card, you insert (or “dip”) a chip-and-PIN card into a payment terminal and follow the prompt to input your PIN. The PIN is then compared to information stored on the embedded computer chip, and the transaction is either approved or denied.
Such transactions are the norm in many countries and are becoming increasingly common in the United States, as the country transitions to EMV payments. But chip-based cards still come with magnetic stripes because there are many places where you won’t be able to use the chip-and-PIN feature. You will have to swipe your card, like with a normal credit card.
You should have received a PIN with your card, but you can always set it up later or change it by getting in touch with your credit card issuer.
Feel free to check out some of the best chip-and-PIN credit cards and pick one according to your individual needs and credit standing. You can use the filters on the left sde of the page to sort the cards according to your preferences.
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