Do credit cards have to be chip cards? I looked at my MasterCard, and it is a magnetic strip ?

2 Answers

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QEEQ User

Magnetic stripes are also possible.

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QEEQ User

Mine is chip-enabled. But the car dealership seems to swipe it with a magnet. Later I called the car dealership and they said it's still a stripe, because the security level is lower than a chip, my card was frozen by the bank.