Visa® Credit Cards
EMV Chip Technology FAQs:
What is EMV?
EMV stands for the initials of its original developers: Europay, MasterCard, and Visa. EMV is quickly becoming the new standard in credit card and debit card payment technology.
How does Chip Technology work?
The chip in your card is an added security feature that protects sensitive payment information. Your information is safer on the chip than on the magnetic stripe because the chip supports dynamic authentication while the stripe only supports static authentication. Simply put, it is easy for fraudsters to copy the information on your magnetic stripe, all they have to do is buy a cheap card reading device. The chip makes it harder, more expensive, and more time consuming to do so.
How do I use my EMV chipped card?
EMV Chip compatible card readers have a special slot for your card. It’s usually at the bottom of the readers, under the number pad. If the card reader is not EMV Chip compatable, simply swipe your card in the usual manner.
Is this technology unique to the United States?
No. It started in France in 1992 and since then, many European countries have adopted the technology. There are over one billion chipped cards being used around the world. The U.S. is one of the last industrial countries that hasn’t fully converted to this technology standard.
Does Education First Credit Union offer EMV Chip Technology for debit cards?
Not yet, but we’re working on it!
About Our Credit Card
Education First offers a VISA® Reward card that gives you the convenience, safety, and acceptance of a VISA® Card. Our credit card is accepted in over six million establishments around the world. The Visa Reward card is tailored to individual needs so you can get the most from your purchasing power.
Education First has the best Credit Card available! Here is why:
- NO ANNUAL FEES
- LOW Interest Rate
- Rewards points available for ALL credit and debit cards
- Only $2.00 cash advance fee vs. a % of your advance
- worldwide ATM access
- 25 day grace period on ALL purchases
Why pack cash, your checkbook, and extra credit cards or department store cards, when all you need is the E1CU VISA® of your choice? Your E1CU VISA® gives you the ease, convenience, protection, and freedom you would expect from any competitive financial institution. Apply for an E1CU VISA® card here!
For every $1 spent using an E1CU Credit Card, you are rewarded 1 point. For Debit Cards, You are rewarded 1 point for every $2 you spend. There is no setup involved, points are automatically accrued.These points can be redeemed for cash, gift cards, travel, and much more! Finally, a Credit Card that pays you! Click below to check your rewards points now!
Verified by Visa
To ensure that you’re the only one using your credit card, Education First Credit Union has teamed up with Visa to provide a verification system. This verification will add an extra sense of security and give you peace of mind knowing that it is that much harder for fraudsters to steal and use your information. Click the button below to set up this extra security feature!