Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a chip credit card?

April 26, 2017chip credit card

0

Posted

What is a chip credit card?

4 Answers

0

Posted

A. Secure chip technology is a standard feature on all new Commonwealth Bank credit cards. Your card has all the same benefits as a magnetic stripe credit card but with one major difference. The secure chip provides greater security because it is more difficult to fraudulently copy the details of your card.

0

Posted

A chip credit card has an embedded microchip, which securely stores your card’s data. A chip credit card provides greater security than a card with just a magnetic stripe as the chip makes it more difficult to fraudulently copy the details of your card.

0

Posted

A. A chip credit card has an embedded security microchip. A credit card with a security chip is more secure than one with just the magnetic stripe on the back of the card, as the security chip makes it more difficult to fraudulently copy the credit card details.

0

Posted

A chip credit card has an embedded security microchip. A credit card with a security chip is more secure than one with just the magnetic stripe on the back of the card, as the security chip makes it more difficult to fraudulently copy the credit card details.