Are you concerned about using your American bank issued credit card with its antiquated magnetic-strip in Europe? You are not alone.
A featured article in the June 8th New York Times Practical Traveler column on How to avoid credit card problems abroad generated lots of reader feedback. Mostly anecdotes on being stuck without needed cash in foreign cities, but also some few helpful tips.
Problems seem to be most severe when attempting to use your card to pay highway tolls or access other self-pay kiosks. One recommendation is to stock up on cash using your atm card (which seem to work fine overseas as long as you use a numeric pin). Other readers suggest being more persistent with clerks taking your payment and asking them to swipe again or even manually entering the number into the keypad.
U.S. banks are slowly coming around and some are now offering cards with the E.M.V. (Europay, Mastercard and Visa) chip technology – for a fee. Chase and U.S. Bank are the trailblazers .
Another option is the prepaid Mastercard from Travelex, but there have been acceptance problems reported and you may be charged cash advance fees if linked to your credit card.
For frequent travelers, opening a European bank account may be the best approach.