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.
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.