My family is taking a vacation to Europe. We’re starting in Copenhagen and the hotel said they won’t accept credit cards without a PIN. I checked with my credit card company, and they said, no problem except that if I do, I’ll have to have a chip and pin credit card for the life of the account, i.e. for ever. the way they made that sound, made me pause, but there is no additional fee on the card, and they say it can be used in the “normal way”, i.e. just a swipe in the US.
My questions are, what other countries require the PIN and Chip for a credit card, why do I have to have a PIN and chip for the life of the account and why don’t all the other nations require it? It seems like an added safety measure.
I can see one reason might be e-commerce, but that can be fixed with a relatively cheap card reader like the government uses to access its computer systems.