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Chase won’t launch Chip + PIN credit cards for US consumers?

by on Mon January 5, 2015 • 4 Comments

Chip and PIN

Update: Chase has reached out and noted Chip + PIN is still being considered.

If you travel abroad, you know that having a full Chip + PIN card is what you need to avoid hassle when you pay.

And while many card in the U.S. now have a Chip feature built in, most only offer Chip + Signature versions, which leave you in the lurch if you’re at an unmanned kiosk and other places.

Last year, Chase noted it planned to start offering Chip + PIN functionality on some of its cards, but never followed through.

And today, the Wall Street Journal reports Chase has delayed plans to go full Chip + PIN, saying:

“J.P. Morgan Chase, the nation’s biggest card issuer, had initially planned to issue chip-and-PIN credit cards in 2014, but the bank put those plans on hold after testing them with consumers, according to a person familiar with the bank’s strategy. The bank has issued millions of chip-and-signature cards.”

That’s disappointing news for travel rewards card users. Chase has been among the more consumer friendly for international travel, leading the way with no foreign transaction fee cards.

The article mentions Citibank and Bank of America are chip and signature only, though doesn’t talk explicitly about future plans.

And American Express isn’t brought up at all.

Barclaycard is the only of the big travel rewards card issuers that offers full Chip + PIN, via its Arrival Plus card.

There are also other credit unions and banks that offer less lucrative rewards cards with full Chip + PIN and no foreign transaction fees. You can see a list here.

Our hope is one of the other big issuers decides to at least offer a Chip + PIN option on some of its premium travel rewards cards.

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4 thoughts on Chase won’t launch Chip + PIN credit cards for US consumers?

  1. Nun

    I don’t think it’s disappointing. I don’t want to give Congress and banks any excuse to shift liabilities to consumers.

    1. Pallykin

      Liability is *not* going to shift to the consumer. It’s going to shift to the vendor or store if they have not updated their credit card equipment to accept Chip and Pin.


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