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Traveling Abroad? Consider a Chip-and-PIN Credit Card

Foreign countries have different cultures, different customs, different languages - and, to top it all off, some countries have different styles of credit cards.

Rather than using the familiar cards, which feature a magnetic strip at the top of the card, several countries have transitioned to “chip-and-PIN” credit cards, better for consumer safety. While some foreign vendors will continue to accept your traditional magnetic strip cards, some may not.

So, what’s the difference?

Chip-and-PIN cards are embedded with a computer chip that contains the information that would normally be contained in the strip along the top of the card. In addition to this chip system, users are required to enter in a PIN code, much like as would be required for a debit card.

The cards offer greater consumer protection, as it is harder to clone the payment information when a chip is being used, thus reducing identity theft. In France, chip-and-PIN cards have been responsible for a 50 percent reduction in payment fraud, according to the Federal Trade Commission.

The cards are increasingly being made available for U.S. residents, and before traveling, officials suggest you check with your credit card company to see whether chip-and-PIN cards are available. If not, they suggest that you carry a little extra cash, in case foreign vendors refuse to accept your current credit card.

Learn more about using chip-and-PIN cards on European travel.

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