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Chip Cards

Frequently Asked Questions (FAQ)LorMet Visa Credit Cards

How do I use my chip card at the store?

How do I use my chip card online?

Will my card no longer have a magnetic stripe?

When will I receive a chip card?

 


 

How do I use my chip card at the store?

Using a chip card is a little different than just swiping your card like you had been doing.

  • Insert your card (chip side first) into the slot in the payment terminal, but DO NOT REMOVE your card.
  • Follow the prompts on the terminal and complete any required actions. Sign for your purchase, just like you do now.
  • Remove your card from the slot and return it to your wallet.

 

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How do I use my chip card online?

Using a chip card for online purchases is done the same as it is now with a magnetic stripe card. Simply enter the card number, expiration, and billing details when prompted by the website.

 

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Will my card no longer have a magnetic stripe?

Your card will have both a chip and a magnetic stripe. Full roll-out of chip or EMV card acceptance in the U.S. will take a long time. Thousands of merchants currently have payment terminals and card readers designed to read only magnetic stripe cards, but these machines will eventually be replaced by chip card readers.

 

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When will I receive a chip card?

All new LorMet Visa® Credit Card accounts will receive chip cards. If you already have a LorMet credit card, you will receive a chip card upon expiration of your current card or if you are issued a replacement card.

 

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