Want to create an interactive transcript for this episode?
Podcast: ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast
Episode: ELI5 Credit Card Security - is a chip really safer than a magstripe?
Description: Why are the new chip and pin credit cards safer than the magnetic stripe, especially when most cards still have both? How is the 3 digit security code useful? What is credit card skimming and how does it work? Why does American Express have a different security code format to Visa and MasterCard? Â ... We explain like i'm five! Â Thank you to Empower, the sponsor of today's episode. For more info about Empower, visit: empower.me/ELI5 Â Help more people fund us by leaving a rating on iTunes. Â ...