What is a chip based credit card?

In a chip based credit card as the name suggests there is a chip present on the card.

Instead of the magnetic strip all the personal information is present in the chip.

The card for its use has to be inserted in a machine so that the chip can be read.

This makes the physical presence of the card essential.

The chip can be seen on the front of the card which will enable an individual to identify the nature of the card.

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