"...there is no GPS tracking ability to it. It is really the same thing as the chip that is in your credit card."
I had an RFID credit card years ago, but that turned out to be really insecure[1], and the issuer discontinued the program.
The contact-based chips in modern cards are not the same. At all.
I wonder what would happen if some miscreant super-glued a few dozen RFID chips to the reader, or to a location close to the reader?
[1] http://hackaday.com/2013/11/03/rfid-reader-snoops-cards-from...