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One More Chip-and-Pin Credit Card Option Hits US Shores Later This Year

August 15, 2011 at 9:26 AM | by | ()

We’ve made it pretty clear how we feel about not having a chip-and-pin credit card when traveling to Europe and beyond, so we’re slightly excited to hear about one more option hitting the market. Unfortunately, like the other two we’ve mentioned, this card is definitely for the high roller travelers.

The Citi Executive AAdvantage World Elite MasterCard—say that twice—is the latest to hit the credit card market. It’s got all kinds of perks, but the one that we’re most interested in is the ability to use it at bike-sharing kiosks, automated ticket machines, and other spots where it’s chip-and-pin or else. The downer of this card is that it comes with a $450 annual fee, but at least it looks like it will be available to everyone—assuming you have the credit score and cash to score one.

It sounds like the card is coming later this year, but Citi didn’t really reveal if the new technology would be making it into its cheaper cards anytime soon.

For those that aren’t looking for another piece of plastic in their wallets there is one other option, but unfortunately we don’t consider this one ideal either. The folks at Travelex—the ones that rip you off when you need to exchange currency at the airport—offer something they call the chip-and-pin enabled MasterCard Cash Passport. There doesn’t appear to be a fee for the prepaid card—although it’s kind of built into the exchange rate—but you need to load at least $250 onto it in order to get one. Still, it’s another option, and might prevent yet another overseas financial panic attack.

We’re still looking forward to the day when most Americans can join in on the chip-and-pin party, but for now we’ll keep a lookout for any and all options that can make things a little easier for one and all looking to travel abroad.

[Photo: Ciaran McGuiggan]

Archived Comments:

Elite mastercard

AAdvanced World Elite MasterCard, is there another card for World Elites who are not advanced?!

A Non-Elite Chip&PIN Card

I "stumbled" on this URL which takes you to the J P Morgan site and an opportunity to apply for a C&P Visa card: www.selectchipcard.com .