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Virginia Cooperative Extension offers 10 tips for consumers using new credit chip cards

Travis Mountain

Travis Mountain

Credit and debit card holders will have an added measure of safety this holiday shopping season in the form of an embedded chip that makes the cards difficult to counterfeit and protects consumers from fraudulent transactions.

Millions of new cards will be issued in the coming years as the old ones with magnetic strips are slowly phased out.

“Consumers who receive cards encoded with the new chip technology from their credit card companies should welcome this latest development as a further safeguard against credit card fraud,” said Travis Mountain, a Virginia Cooperative Extension specialist and assistant professor of agricultural and applied economics in Virginia Tech’s College of Agriculture and Life Sciences. “But with new technologies come new challenges and there are certain things consumers need to be aware of.”

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