Actually, those "chips" make stealing your credit card information easier...they are "broadcasting" type chips and where, without them, a person has to physically have your card and scan the magnetic strip, someone with an RIF reader can just walk by you and take the information without ever having contact with you. That's why there is a whole new business of providing shielded wallets to carry those cards in so that they can't be scanned by proximity to you. It isn't widespread; yet, and there are encryption schemes for them. Whether it will be widespread is still being debated, but, don't be lulled into thinking that if you have one of the new "chip" cards that you are now safe, you really aren't and still need to aware of your environment. Do a search on the internet - there is a lot of information out there on these new chips and, unfortunately, whatever a man designs for more security, there are more men equally devoted to defeating it...