3. Chip And PIN Will Finally Be A Global Standard

Chip and PIN is the perfect example of a technology that has been in use in Europe and other parts of the world for years, but has yet to really catch on in the United States. The "chip" part of Chip and PIN is a more advanced and secure identification tag that takes the place of the more traditional magnetic strips. Although these are gradually becoming more common, the "PIN" aspect largely has yet to do so.

Under a Chip and PIN system, credit card transactions would require a PIN in the same way a debit card transaction does. Expect Chip and PIN is already required by regulators on new credit cards, so expect to see a lot more of them in the near future.

4. Security Will Define Characteristics Of The Credit Card Industry

Thanks in large part to the security advances made by technology companies such as Apple and Google, there will soon be a system of security standards that will be bother affordable and accessible to everyone.

The bottom line is that the credit card users will likely be much better off by the year 2020. Remember to maintain good credit so you can take full advantage!