![]() The following steps explain how you can generate your credit card PIN online. Also, do NOT share your credit card’s PIN with anybody to stay away from any misuse of your account. You can use that PIN for your initial transactions, but you must change your PIN at the earliest. The welcome kit contains a confidential document which has your PIN. When you get your new credit card, you receive a welcome kit from your credit card issuer. Considering this, it is strictly advised that you never share your credit card PIN with anybody to avoid any fraudulent activities on your account. This is how banks ensure that every transaction carried through your credit card is authorised by you and nobody else thus making it safe and secure. As soon as you enter your PIN, the payment system will automatically match it with your user ID before facilitating the transaction. Whenever you use your credit card, you are asked to enter your PIN to authorise the transaction. ![]() It is mandatory to enter the credit card PIN in order to complete a transaction. What is a Credit Card PIN?Ī credit card personal identification number (PIN) is basically a four-digit code which is used to verify the identity of the credit card holder. Let’s begin with understanding what a Credit Card PIN is. And to be able to use a credit card, you must be well aware of some of the common terms and their usage. Now, to maintain your credit card well, it is important you know how to use it. How you use your credit card defines your financial well being and whether or not you are eligible for borrowing any loans/credits in the future. ![]() However, this amount must be paid back to the bank on the due date as mutually agreed upon by the bank and the cardholder in order to avoid any late fees and charges.īuying a credit card is much easier than maintaining one. A credit card offers a line of credit that can be used to make necessary payments. A credit card is a financial tool that allows its users to borrow money from your bank, in order to meet your necessary expenses, whilst giving you the luxury of repaying the amount later. ![]()
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