Think about what credit cards you’ll take with you when planning another trip outside the U.S.A. When traveling abroad, say to Europe, US credit card holders face problems at small shops, bicycle rentals, and gas pumps. That’s because of their magnetic stripe credit cards accepted at major overseas retailers and businesses only. Many countries of the world have switched over to smart cards working on the chip and pin technology considered to be more secure.
The two companies, Wells Fargo and JP Morgan Chase, decided to change the situation. They have started developing chip and pin cards. Good news for the U.S. frequent travelers, isn’t it?