Learn About Your Credit Card

Bank Name / Issuer

The name of the financial institution that issued your credit card. This is the bank responsible for managing your account, processing transactions, and collecting payments. They are the entity you pay your dues to, along with any applicable interest.

EMV Chip (Smart Chip)

The gold-colored chip on your card (also called an EMV or IC chip) contains integrated circuits that store and transmit data securely. This technology is more secure than magnetic stripes as it generates a unique code for each transaction, making it harder for criminals to clone your card.

Credit Card Number

This unique 15-16 digit number identifies your specific card account. It's generated using the Luhn Algorithm to prevent errors and ensure validity. The number consists of:

• First digit (MII): Major Industry Identifier
• First 6 digits (IIN/BIN): Issuer Identification Number
• Middle digits: Personal Account Number
• Last digit: Check digit for Luhn validation

Expiration Date

The date when your card will expire, typically 3-5 years from issuance. After this date, you'll need to renew your card to continue using it. Expiration dates help banks replace worn-out cards and enhance security by regularly updating card details.

Cardholder Name

The name of the person to whom the card was issued and who is authorized to use it. Merchants may verify this name against your ID for security purposes. Only the named cardholder should use the card.

Magnetic Stripe

The black stripe on the back of your card contains encoded account information. While still used in some regions, this technology is being phased out in favor of EMV chips due to vulnerability to skimming devices. Never let your magnetic stripe come in contact with magnets.

Signature Panel

The white strip on the back where you should sign your card. Your signature serves as verification when making purchases. Merchants may compare it to the signature on your receipt. Use a permanent marker to ensure your signature doesn't fade.

CVV / Security Code

The Card Verification Value is a 3-4 digit security code used to verify that you have physical possession of the card during card-not-present transactions (like online purchases).

Bank Contact Details

The customer service phone number and website of your bank, usually printed on the back of the card. Use these to report lost or stolen cards, dispute transactions, or get assistance. Most banks offer 24/7 support for card-related emergencies.