Every credit card is secured with a 4-digit chip and PIN system. This system makes transactions that are made using this card safe and secure. In fact, this system plays a significant role while withdrawing money from ATMs also. By definition, it a 4-digit unique identification number that is assigned to a particular card of a user. While using the card, the cardholder needs to enter the PIN. The payment system matches the PIN and the user ID before giving permission to the customer to make any transaction. It is a measure that is taken by the banks to secure one's credit card. Hence, the PIN should not be shared with anybody.
Credit card activation is another important step in using your credit card for the first time. Most of the banks or card issuers, send a new credit card in active state. However, only when you generate the PIN, you can start using your credit card.
Earlier, when banks used to generate credit card PINs, there used to be a separate card activation process. But now with the introduction of green PIN and self-PIN generation, cards are being sent in active state.
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Therefore, once you receive the new credit card, try any one of the above-mentioned methods to generate the PIN and use your card for PIN-required transaction such as ATM withdrawal, POS transaction, etc. Once you use your credit card for the first time, your card gets activated automatically.
If you find any difficulty in using your card with the new PIN and when you're sure of using the correct PIN, call the respective credit card customer care and report the issue.
The concerned team would help you activate your credit card.
Banks provide the cardholders with the PIN of their credit card in the welcome kit. However, banks insist that the cardholders change the PIN once they receive the kit by going to an ATM. The PIN should be kept confidential under every circumstance.
Customers can generate a credit card PIN either at an ATM or via their online net banking account.
Customers can change their credit card PIN either through their net banking account or at an ATM.
To ensure the safety and confidentiality of your credit card from fraudsters and hackers, follow the safety precautions mentioned below:
No, you will receive a separate PIN for your add-on cards. This will enhance your security as well.
Yes, all credit cards come with rewards points as it is sort of an incentive for using your credit.
For safety reasons, the credit card PIN for your virtual card will be different as well.
The CVV number is the three-digit number on the back of your card. You will be required to use the 3-digit number as part of the verification process for most online transactions.
You should block your card immediately. This will ensure that no one can misuse your credit card. You can block your credit card by calling your bank’s customer care or through your net banking account - which can be done with a few steps.
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