So I got the new credit card today that has the security chip in it. The chip part seems shiny and I believe the intent is that a terminal can simply scan this part as oppose to you having to swipe the card. As well, your PIN number is supposed to eliminate the need of a signature. I am really wondering how this is more secured for items like Internet purchases though considering the chip can\u00e2\u20ac\u2122t do much in that sense.<\/p>\n
There was something I found kind of funny as a result of getting this new card. Basically, in the mail it gives you a breakdown of all the benefits that you get as well as the interest rate that you would pay. The interest rate they have given me for this card is 19.500%. I personally don\u00e2\u20ac\u2122t care since I always pay my balances off in full. <\/p>\n
However, in this mail it indicated that if I am the type of person that normally carries a balance I can pay a $35 annual fee to take advantage of an 11.9% interest rate. I was just thinking, can\u00e2\u20ac\u2122t you normally just reduce your interest rate by asking them many times? I guess that is a new way for credit card companies to make money. <\/p>\n
Wonder if I\u00e2\u20ac\u2122ll actually get to test out these card features any time soon as I haven\u00e2\u20ac\u2122t seen any of these new terminals live yet.<\/p>\n","protected":false},"excerpt":{"rendered":"
So I got the new credit card today that has the security chip in it. The chip part seems shiny and I believe the intent is that a terminal can simply scan this part as oppose to you having to swipe the card. As well, your PIN number is supposed to eliminate the need of […]<\/p>\n","protected":false},"author":1,"featured_media":8444,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[2201,199,839],"class_list":["post-1670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-chip-based-credit-card","tag-credit-card","tag-interest-rates"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2016\/07\/above-vancouver-eye-of-wind.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-qW","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/1670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=1670"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/1670\/revisions"}],"predecessor-version":[{"id":1671,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/1670\/revisions\/1671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/8444"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=1670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=1670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=1670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}