Extremely outdated US credit cards are to be replaced. - Polidicks

[QUOTE=Stopper;43837688]Because the whole American consumer culture is built on people spending money they don't have. Credit cards are the easiest way to access that. This is also why people often say that Americans don't own anything they use - their cars are on leasing, their houses are mortgaged and the rest is bought on credit. Capitalism, ho![/QUOTE] I agree but I feel like that's not the case for everyone. It's no joke that credit cards are bad. But that is when you're bad at managing finances. I am 25 and got my credit card when I was 18 to build my credit and while I've had a bad experience with spending to much when I first got it I have learned a lot. I mainly use mine for big items I want or need and then pay it off. I know I'm responsible and my credit score is pretty good for my age. But my reason for having a credit card is so I can avoid bank fees. I never use my debit card and feel safer with using my credit card cause they monitor it 24/7 at least that's what capitol one says. I always buy everything I need with credit card then just pay the bill directly from my bank account. It is also for emergency situations like if something goes wrong with the car cause I can't miss work. But it all comes down to being a responsible adult.

[QUOTE=Snowmew;43841545]I don't get this, I went to a few ATM's in my trip around Europe (NL, DE, UK) and they all had magnetic readers.[/QUOTE] I have never seen an ATM with an actual magnetic reader. If you are talking about ones that take the card through a slot, they can (and afaik do) work exactly like chip and pin machines. [editline]9th February 2014[/editline] [QUOTE=notlabbet;43844978]im not even clear on what chip and pin is [B] but if you think swipe and sign is ancient, i was in a taxi in seattle and the driver didnt have a card swiper so he used the old CHA-CHUNK metal slider to read my debit card[/B] i think we should completly bypass chip and pin and do what the japanese do, use our phones for everything[/QUOTE] Makes sense if you use a card in a place with no phone or internet connection. Although a taxi of all businesses seems like a terrible one to rely on people not giving you dodgy cards, especially when you can do card authentication using mobile internet enabled terminals.

[QUOTE=Sableye;43846427]its a form of copyright protection... you can steal a blueprint for a pipeline in english units, but be warned it'll explode if you forget that we use different units, same goes with stealing spacecraft, aircraft, pressurized machinery or missile plans, it takes time to reverse engineer from english to metric because the steel gauges aren't the same, parts need to be speacially sized, stuff that should fit together doesn't, its just a great way to make bombs.[/QUOTE] Because as we all know it's IMPOSSIBLE to convert units of measurement! I mean it could literally take minutes! MINUTES!

[QUOTE=Sableye;43846427]its a form of copyright protection... you can steal a blueprint for a pipeline in english units, but be warned it'll explode if you forget that we use different units, same goes with stealing spacecraft, aircraft, pressurized machinery or missile plans, it takes time to reverse engineer from english to metric because the steel gauges aren't the same, parts need to be speacially sized, stuff that should fit together doesn't, its just a great way to make bombs.[/QUOTE] ....you do realize those things are built in Metric these days, right?

I legitimately had no idea magnetic stripes were this outdated. I knew there were new forms of payment but always gimmicky looking ones. Never had any idea that the rest of the world used a different system.

I need to get around to putting a PIN on my credit card. I still just swipe / paywave and sign, and it's amazing how completely insecure it is. They don't even look at my signature... So long as you make the vague motions and gestures that you're openly letting them look at your signature and card, they just blindly accept it. Anyone could buy $500 of fuel and use my card, and they'd never give it a second thought.

I do some cashier work in a department store... chipped cards are a pain in the arse, about half of them don't read correctly, and so the terminal reverts to swiping the strip. Waste of time.

[QUOTE=apierce1289;43849131]I agree but I feel like that's not the case for everyone. It's no joke that credit cards are bad. But that is when you're bad at managing finances. I am 25 and got my credit card when I was 18 to build my credit and while I've had a bad experience with spending to much when I first got it I have learned a lot. I mainly use mine for big items I want or need and then pay it off. I know I'm responsible and my credit score is pretty good for my age. But my reason for having a credit card is so I can avoid bank fees. I never use my debit card and feel safer with using my credit card cause they monitor it 24/7 at least that's what capitol one says. I always buy everything I need with credit card then just pay the bill directly from my bank account. It is also for emergency situations like if something goes wrong with the car cause I can't miss work. But it all comes down to being a responsible adult.[/QUOTE] Same. I've had one for two years. I have exactly $0 in credit card debt. Students loans on the other hand...:suicide: [editline]9th February 2014[/editline] I remember seeing a chip and pin card when an Aussie payed with his credit card. I looked at it, saw the contacts and was genuinely confused for second, then went ahead and swiped it.

[QUOTE=ultra_bright;43836258]Come shop at a walmart that has readers that take chip and pin. Not only does it take a lot longer than swiping, it fails to work the first three times for about %40 of the customers.[/QUOTE] Christ you're lying out of your ass, stop with that. The chip rarely [B]ever[/B] fails (I've not experienced it in my life), while you'd often have to swipe your card twice for it to work.

If the terminal fails to read your chip that terminal is a piece of shit or your chip is dirty. It's rarely an issue with the card in my experience and I use my chip card for 99% of my purchases.

[QUOTE=Sio;43839757]So not only do they not have chip and pin, but their money is made of paper? [sp]also no metric system lel[/sp] Stop living in the past mercia'[/QUOTE] Really? Isn't their money made of cotton? Maybe you didn't even look it up.

[QUOTE=paul simon;43853336]Really? Isn't their money made of cotton? Maybe you didn't even look it up.[/QUOTE] You're correct. Its so its more resistant to damage and won't dissolve in water like paper does.

You guys may take care of your cards, but most of my customers don't and have chipped cards that fail. It's such a pain.

[QUOTE=Brandy92;43853427]You guys may take care of your cards, but most of my customers don't and have chipped cards that fail. It's such a pain.[/QUOTE] To be fair, yesterday I had some guy come in yesterday that looked like his card got eaten by a dog. Both of us kept swiping several times until we finally got it on the 11th or so try. It was ridiculous. :v: I've also had cards that were torn, broken but taped together, and one colored over with permanent marker. People have really weird cards.

[QUOTE=Demache;43853580]To be fair, yesterday I had some guy come in yesterday that looked like his card got eaten by a dog. Both of us kept swiping several times until we finally got it on the 11th or so try. It was ridiculous. :v: I've also had cards that were torn, broken but taped together, and one colored over with permanent marker. People have really weird cards.[/QUOTE] These are the type if people that can't be bothered to make a 5 minute phone call to get a replacement.

The only magnetic strips we still use here are access cards to get into my university halls and we have problems with magnetic phone cases and laptops wiping those all the time. Do credit cards not get wiped over there in The Land of the 2003?

[QUOTE=ultra_bright;43836120]Chip and pin tech is actually a pain in the ass. A lot of card readers fail to read them at the checkouts and you have to spend a few minutes sticking your card in over and over a few times until you can get them to work. A much better technology would be the visa tap, all you do is tap your card on the reader and everything gets paid for. And there is a default $100 daily limit on the card for tap in case it gets stolen.[/QUOTE] Never ever had a read error and I use my card for pretty much all expenses. But yeah tap cards have been around for a few years as well and they do make it even faster. [QUOTE=mysteryman;43850986]I legitimately had no idea magnetic stripes were this outdated. I knew there were new forms of payment but always gimmicky looking ones. Never had any idea that the rest of the world used a different system.[/QUOTE] I'll admit, that Ive been using credit and debit cards 8 or so years and never ever had to use the mag strip while actually paying anything. The only place where it ever got used was to access the secure ATMs my bank has at night, which only let you in to them after you swipe your card on the door.

It's such a pain in the ass when someone wants your signature for a card payment, especially with Tap & Go I use 99% of the time.

I've literally never heard of Chip and Pin. Googling images of Chip and Pin credit cards give me credit cards with unfamiliar designs. I've lived in a whole different world

[QUOTE=ultra_bright;43836284]And every time I went shopping in the states, all they did was swipe my card and that's it. No signing anything, no entering pins, nothing.[/QUOTE] Some stores will make you sign, gas stations and taco del mar makes me sign. mcdonalds does not

[QUOTE=paul simon;43853269]Christ you're lying out of your ass, stop with that. The chip rarely [B]ever[/B] fails (I've not experienced it in my life), while you'd often have to swipe your card twice for it to work.[/QUOTE] Walmart [I]supposedly[/I] has really slow and shit (probably centralised?) processing so that could explain.

This blows, I like drawing stick figure animals on the signature line and never being denied. It makes my money feel extra safe

[QUOTE=Snowmew;43841545]I don't get this, I went to a few ATM's in my trip around Europe (NL, DE, UK) and they all had magnetic readers.[/QUOTE] It's possible that some take foreign cards, but they all refuse European magnetic cards and only read the chip. The slots usually have both functions in Germany, there aren't really any separate ones where you could swipe a card. (I think I have seen ones integrated into keyboards at tills when I was younger, but I haven't seen one of those in a long time.) [editline]11th February 2014[/editline] Also, every card here still had the magnet strip for compatibility reasons or something, but it's impossible to use here. ... I think. There's a small shop nearby that might be using it, since that's the only place my card isn't recognised properly a lot. I think their terminal is really broken, it sometimes also doesn't take my PIN and stuff like that. Everywhere else it always works, I only had a card fail once in a chip-and-pin reader (only tried once).

[QUOTE=mobrockers;43846593]At least in the Netherlands they are all disabled since a couple of years. You literally can't swipe anymore, the device still has the swipe slot, but it doesn't work and most stores have also put a plastic/paper thing over it so you can't try to put your card in either.[/QUOTE] Same in denmark, chip has been the only way since 2004 now

Pretty much all stores have now done this with their POS machines: [img]http://www.pin.nl/wp-uploads/2012/08/Xenta-met-POS.jpg[/img] The magnetic reader is blocked.

[img]http://www.creditcardoffers.com.au/guide/wp-content/uploads/2013/12/paywave-animation.gif[/img] Most stores are transitioning to these here, except if it's really small or something.

The new chip and PIN card will still fit in my wallet's credit card pockets, right?

Just in case nobody has mentioned it yet but those new creditcards with those fancy RFID chips in them can be easilly hacked. It's possible to read out the ccv, creditcard number, expire date and on older RFID creditcards even the card holder's name.

[QUOTE=Mega1mpact;43867694]Just in case nobody has mentioned it yet but those new creditcards with those fancy RFID chips in them can be easilly hacked. It's possible to read out the ccv, creditcard number, expire date and on older RFID creditcards even the card holder's name.[/QUOTE] Huh, I always thought they did proper signing.

Basically a the process for a RFID card is is: - Payment terminal requests ID from server - Terminal sends signal to card - Card signs the ID with its private key. - Terminal sends the signed ID back to the server. - Server confirms payment. There is no personal data what-so-ever transmitted.