Chase takes aim at international travelers by adding EMV chip technology to yet another travel rewards credit card.
The Hyatt Credit Card, which comes with a $75 annual fee, has a traditional magnetic strip to accommodate merchants in the United States but also includes an embedded and encrypted microchip for merchants in the more than 130 countries where EMV technology is accepted, according to a Feb. 29 press release.
In November, Chase added EMV chip technology to its British Airways Visa credit card.
EMV stands for Europay, MasterCard and Visa, the developers of the technology.
European countries, regions of Africa and Asia, and Canada have implemented EMV technology for credit card transactions. And Americans traveling in these areas with a credit card with only a magnetic strip may encounter difficulties at unattended kiosks at train stations and at tollbooths where only credit cards with EMV chips are accepted.
The Hyatt Card joins a small number of cards from U.S. issuers that have added EMV chips to cards with traditional magnetic stripes, including U.S. Bank's FlexPerks Travel Rewards Visa credit card, Citi's Corporate Chip and PIN credit card and United Nations Federal Credit Union chip and PIN credit card.
In 2011, Chase also added an EMV chip technology to its J.P. Morgan Select Visa Signature credit card and J.P. Morgan Palladium credit card.
Would you like to see more credit cards with EMV chips from U.S. card issuers?