If you haven’t heard already, there is new technology out there to protect our debit and credit cards. Well not really new; but new to the United States. Many European countries, Mexico and Canada have been using it for years. EMV (Europay, MasterCard and Visa) is the global standard for chip-based debit and credit card transactions that ensures transaction security and global acceptance. U.S. financial institutions have been issuing debit and credit cards with EMV chips since 2015 and Logix is among them. At the end of 2015, there were nearly 600 million EMV chip cards in circulation in the U.S.
Contrary to popular belief, using a credit card to make purchases instead of cash can be a very healthy practice - especially if you don't carry a balance and you use a rewards credit card like our Platinum Rewards MasterCard. But there are four things nobody should ever put on a credit card:
Electromagnets: Electromagnets can damage the magnetic strip on your credit card, rendering them useless except in cases where the number is manually entered. (Such as an Amazon purchase.)
Other people's names: In the signature strip on the back of your card, never put another person's name or doodles of any sort. This space should be reserved for your own signature and other markings are not advisable.
White hot molten metal: As with the electromagnet, white hot molten metal (such as the kind one finds in steel mills or the volcanic planet Mustafar from Star Wars III) should not be put on a credit card except in dire circumstances, and NEVER while in your pocket. (Am I right, Brian?) The card will likely melt causing damage to the card or extreme pain if it touches the skin.