www.CostaRicaTicas.com :: View topic - Credit card Pin needed feb 1st?

What is this I read on another thread about needing your credit card pin on feb 1st?
Thanks

Foos wrote:

What is this I read on another thread about needing your credit card pin on feb 1st?
Thanks

Is this a problem? I don't understand what the problem is. It's been that way for years here.

Zeos wrote:

Foos wrote:

What is this I read on another thread about needing your credit card pin on feb 1st?
Thanks

Is this a problem? I don't understand what the problem is. It's been that way for years here.

In the US it is common NOT to set up a PIN on Credit Cards. They are only needed if making a cash advance (ATM withdrawl) which carries a steep interest rate with no 'grace period'. With most cards you can set the PINs online, but that might be awkward if you first encounter it buying liquor at the duty free. :lol:

The referenced articles specify retail stores and services. Is it safe to assume no PIN required for hotels?

Thanks, it won't change my behavior much if any.

Foos wrote:

Thanks, it won't change my behavior much if any.

I was puzzled last time I was in SL, sometimes they needed my pin. Other times they had me sign. Other times they just used tap. With my Visa. Other than Costa Rica it has been a long time since I signed a slip for a Visa charge, and I didn't know it was an option any more.

So for those that do not have a pin, do you have an option to set one up with your card, and do your cards have the embedded chip?

Bumping this thread..
any updates..???????? phasing it in May 1st
the way I understand this applies only to Costa Rican banks.
American Express and U.S. banks will still just need a swipe of the card or chip read..????
TIA
Flacoduro
in Miami

Author:	Foos [ Fri Jan 21, 2022 2:00 am ]
Post subject:	Credit card Pin needed feb 1st?
What is this I read on another thread about needing your credit card pin on feb 1st? Thanks

Author:	T4place [ Fri Jan 21, 2022 2:27 am ]
Post subject:	Re: Credit card Pin needed feb 1st?
https://qcostarica.com/consumers-must-e ... -february/

Author:	Zeos [ Fri Jan 21, 2022 5:52 am ]
Post subject:	Re: Credit card Pin needed feb 1st?
Foos wrote: What is this I read on another thread about needing your credit card pin on feb 1st? Thanks Is this a problem? I don't understand what the problem is. It's been that way for years here.

Author:	Boynton [ Fri Jan 21, 2022 8:48 am ]
Post subject:	Re: Credit card Pin needed feb 1st?
Zeos wrote: Foos wrote: What is this I read on another thread about needing your credit card pin on feb 1st? Thanks Is this a problem? I don't understand what the problem is. It's been that way for years here. In the US it is common NOT to set up a PIN on Credit Cards. They are only needed if making a cash advance (ATM withdrawl) which carries a steep interest rate with no 'grace period'. With most cards you can set the PINs online, but that might be awkward if you first encounter it buying liquor at the duty free.

Author:	Zeos [ Fri Jan 21, 2022 9:53 am ]
Post subject:	Re: Credit card Pin needed feb 1st?
Boynton wrote: Zeos wrote: Foos wrote: What is this I read on another thread about needing your credit card pin on feb 1st? Thanks Is this a problem? I don't understand what the problem is. It's been that way for years here. In the US it is common NOT to set up a PIN on Credit Cards. They are only needed if making a cash advance (ATM withdrawl) which carries a steep interest rate with no 'grace period'. With most cards you can set the PINs online, but that might be awkward if you first encounter it buying liquor at the duty free. Ah, Ok. I didn't know that. We have had to use our pins here for a few years - in Canada. For online purchases not the same, but for stores or transactions directly with the card either pin or for smaller amounts where the merchant is willing to take some risk, tap. Day to day now since Covid almost everything is tap as merchants increased their acceptance of tap up to a few hundred dollars in most cases due to Covid. No need for anyone to touch the card that way. But anyway, pin requirement not to be feared. Tap is a bit more risky in my opinion

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Author:	Boynton [ Fri Jan 21, 2022 2:58 pm ]
Post subject:	Re: Credit card Pin needed feb 1st?
And the Central Bank just delayed the PIN implementation until at least May. Welcome to Costa Rica. https://www.crhoy.com/economia/banco-ce ... -tarjetas/ QCostaRica will probably publish an English translation soon.

Author:	GFO [ Fri Jan 21, 2022 3:19 pm ]
Post subject:	Re: Credit card Pin needed feb 1st?
The referenced articles specify retail stores and services. Is it safe to assume no PIN required for hotels?

Author:	Boynton [ Fri Jan 21, 2022 4:42 pm ]
Post subject:	Re: Credit card Pin needed feb 1st?
GFO wrote: The referenced articles specify retail stores and services. Is it safe to assume no PIN required for hotels? We will have to wait until May to find out. https://qcostarica.com/use-of-pin-for-c ... ed-to-may/

Author:	Foos [ Fri Jan 21, 2022 7:14 pm ]
Post subject:	Re: Credit card Pin needed feb 1st?
Thanks, it won't change my behavior much if any.

Author:	Zeos [ Fri Jan 21, 2022 8:13 pm ]
Post subject:	Re: Credit card Pin needed feb 1st?
Foos wrote: Thanks, it won't change my behavior much if any. I was puzzled last time I was in SL, sometimes they needed my pin. Other times they had me sign. Other times they just used tap. With my Visa. Other than Costa Rica it has been a long time since I signed a slip for a Visa charge, and I didn't know it was an option any more. So for those that do not have a pin, do you have an option to set one up with your card, and do your cards have the embedded chip?

Author:	Jawanker [ Fri Jan 21, 2022 10:28 pm ]
Post subject:	Re: Credit card Pin needed feb 1st?
Zeos wrote: Foos wrote: Thanks, it won't change my behavior much if any. I was puzzled last time I was in SL, sometimes they needed my pin. Other times they had me sign. Other times they just used tap. With my Visa. Other than Costa Rica it has been a long time since I signed a slip for a Visa charge, and I didn't know it was an option any more. So for those that do not have a pin, do you have an option to set one up with your card, and do your cards have the embedded chip? Just got a new pin for the credit card that I would be using in CR in anticipation for having to use it in hotels and restaurants, I have never had to use it before anywhere. I guess we won't have to use it till May per Boynton's post.

Author:	GFO [ Sat Jan 22, 2022 12:07 am ]
Post subject:	Re: Credit card Pin needed feb 1st?
Just created a PIN in the event it is needed. Hats off to Boyton for warding off another nuisance.

Author:	Flacoduro1 [ Fri Apr 22, 2022 7:36 pm ]
Post subject:	Re: Credit card Pin needed feb 1st?
Bumping this thread.. any updates..???????? phasing it in May 1st the way I understand this applies only to Costa Rican banks. American Express and U.S. banks will still just need a swipe of the card or chip read..???? TIA Flacoduro in Miami

Author:	Zeos [ Fri Apr 22, 2022 8:33 pm ]
Post subject:	Re: Credit card Pin needed feb 1st?
Flacoduro1 wrote: Bumping this thread.. any updates..???????? phasing it in May 1st the way I understand this applies only to Costa Rican banks. American Express and U.S. banks will still just need a swipe of the card or chip read..???? TIA Flacoduro in Miami Will be either tap, or insert card into reader and enter pin number.

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Author:	Zman77 [ Sat Apr 23, 2022 9:09 am ]
Post subject:	Re: Credit card Pin needed feb 1st?
The pin only applies to purchases more than 30 mil. If it is ever implemented. It will be a mess. I recently saw an ad from Scotia bank letting clients know how to get a pin.