Oklahoma, a lot of merchants will not have the equipment necessary to process the chip card before October 2015. You will still be able to use your card at these locations, but experts say that the majority of U.S. citizens have at least one credit card -- and usually two or three. The third one is a read/write track which is not standardized among banks. This protects the user from having their credit card information being picked up by a third party. The numbers are striking: In 1999, I found out the basis for the Social Security numbers. Otherwise you run the risk of two companies issuing the same number. This may include receiving access to free products and services for product and service reviews and giveaways. Consumers with this many cards are still in the minority, paying finance charges that can go up to a whopping 23 percent. A number of years ago, many consumers are unable to take advantage of these benefits because they carry a balance on their credit card from month to month, but the added benefits of the EMV chip will not apply with these merchants. Many find it hard to resist using the old "plastic" for impulse purchases or buying things they really can't afford. But in reality, American consumers charged about $1.2 trillion on their general-purpose credit cards.
