ATM and the new chip cards

Hi,
So far on our annual trip abroad we have been able to withdraw cash from ATMs using our signature/PIN cards. With more and more of Europe coverting to the new technology of the EMV (chip) cards, how long will ATMs accept a magnetic signature card? The 24 hour gas stations in France accept EMV (chip) cards only. Very inconvenient if yo don't own one. wayne iNWI

Posted by Michael Schneider
New Paltz, NY
6837 posts

Don't stress about it. There are no near-term plans to convert ATM machines to chip&pin only. The EMV issue is mostly about point of sale transactions.

Posted by Douglas
Oak Park, Illinois
2386 posts

Michael is right, ATM's are not affected by the chip & PIN transition. And face-to-face sales should still work with magnetic stripe cards. It is, with a few exceptions, limited to automatic machine sales.

Posted by linda
redmond, WA
61 posts

I have been trying to find a U.S. credit card company that will issue a chip/pin card... Do you know of any?
thanks

Posted by wayner
stevens point, wi, usa
186 posts

Hi,
Two days ago I would say there was an annual fee attached to all US based chip cards except thru two credit unions on the east coast. But today, Feb 8, 2013, I see Citi has a card with chip with no annual fee. Have not contacted them yet. wayne iNWI

Posted by linda
redmond, WA
61 posts

thanks, Wayne - I just tried looking up the Citi card - sounds like it's corporate use only. Oh well. Looks like we're still waiting for the U.S. to catch up to Europe.... I haven't had any trouble in the past few years with foreign ATM's - just ticket machines.....and some restaurants
lt

Posted by wayner
stevens point, wi, usa
186 posts

Hi it's me again. I just was approved for a chip-card from Citi. No annual fee. It is new to their web-site. Go to Citi cards, keep clicking for personal cards and scroll down, it was maybe the third down. wayne iNWI

Posted by Debra
Los Angeles, CA, USA
1001 posts

Thank you for the heads up on the Citi card, I just got one for an upcoming trip just in case. Wouldn't be my first choice since they charge 3% for foreign transactions but we're getting to the point where a chip card may be necessary!

Posted by wayner
stevens point, wi, usa
186 posts

Thanks for the tip on the 3% foreign charges. I was planning to find out what they did and at what rate. I am getting the card for the 'just-in-case' event. I know several responders said not to worry. But Europe is changing fast. My wife and I were in quite a bind trying to refuel our rental car before turning it in. There were gas stations, 24 hour gas stations. But they were mechanical and took chipped cards only. It was the ugliest night of our five week trip. 3% would have been a small price to pay. wayne iNWI

Posted by Steve
Springfield, OR
12 posts

I have a British Airways VISA chip pin/magnetic strip hybrid card. This has both technologies on it and is useful all over. I use it as it has NO foreign transaction fees with it (even better than my credit union which has begun charging foreign fees). The card does have an annual fee with it though.

Posted by jackie
sacramento, CA
91 posts

I have a BofA card that has no foreign transaction fee's, was the old Charles Schwab Visa and this week they sent me a new card that when I called today to verify something new on my card, they said my card has a chip in it, so it can be used in Europe. She said they are beginning to send them out with some of their cards. Will see if it works this summer at POS. That is really the only place our cc didn't work before. Don't know if anyone else has experienced this yet.