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What is the new Chip and Pin system?

The new Chip and PIN initiative is a system being introduced in the UK in 2004 to reduce counterfeit and stolen card fraud.

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What is a credit report?
When you apply for credit, your credit history will be checked out before approving your application – and your credit card issuer will refer to one of the independent credit reference agencies.
What APR (Annual Percentage Rate) will I receive?
APR is the Interest Rate charged to your account on any balances not paid off by the date shown on your statement each month - meaning that if you pay your balance off in full every month you will never need to pay interest on your purchases.
What is the new Chip and Pin system?
The new Chip and PIN initiative is a system being introduced in the UK in 2004 to reduce counterfeit and stolen card fraud.
Why is it worth making a Balance Transfer?
If you have a large outstanding balance on one or more credit and store cards – you will undoubtedly be able to save money by transferring your balance to another credit card.
What is Sentinel® Card Protection Insurance?
Losing your credit cards or having them stolen can be a real inconvenience, not to mention a worry – especially if you’re abroad. The Sentinel® Card Protection scheme takes all the worry away, and with just one free phone call from anywhere in the world Sentinel® will immediately inform all your card issuers that you need replacement cards should they be lost or stolen.
Chip and PIN will change the way that you authorise your card payments, replacing the current system of a signature on the receipt with a four-digit PIN that you will type into a special key pad at the till. Because your PIN will only be known to you - your card will be useless if it is copied, lost or stolen, removing the risk of signature forgery.

If you type in the wrong PIN three times consecutively, your PIN will be locked – but the retailer will not take your card away from you. You will be able to unlock the card at a cash machine after contacting your card issuer. If your card has been reported as lost or stolen however, the retailer will keep the credit card.