It used to be that if you needed to urgently replace your credit card or debit card you could get one within a week or so. Not anymore. It can now take up to eight weeks to get a new card.
Over the years, credit cards have increasingly relied on chip technology for enhanced security. Embedded in those chips are a user's account number, identification information, and cryptographic keys that make cards more secure than when they had magnetic stripes. When pandemic-related supply chain disruptions led to a massive chip shortage, card manufacturers found themselves suddenly scrambling alongside other industries that also rely heavily on chip technology.
