The process of credit card PIN generation is mandatory to ensure safety of your financial transactions. A credit card PIN is a four-digit code the card issuer assigns to verify your identity during a transaction. A credit card PIN is important as it protects your credit card from fraudulent activities.
After you provide your PIN, the payment system automatically matches the information related to it before proceeding with the transaction. Knowing the process, why and how to generate the PIN will give you a clear picture.
Why Generate a PIN?
To authenticate any transaction, you need a Personal Identity Number. Credit card PIN generation is a compulsory process, as it facilitates the transaction after verifying the credentials of the user.
Whenever you use a credit card for online or offline transactions, you’re asked for a credit card PIN. Through this process, your credit card issuer ensures that the transaction is only being done by you. This avoids any chances of unauthorised transactions, making it a secure process.
When you get a credit card, your personal identity number is included in the welcome kit. You can change your PIN according to your preference. There are various methods to generate your card PIN.
Pin Generation Procedure
The PIN provided in your welcome kit can be used for transactions. However, for enhanced security, you should change your credit card PIN. There are numerous ways in which you can change your PIN.
Depending on your preference, you can opt for either an offline or an online method.
Offline Methods: This is the old way of generating your credit card pin. It is less convenient than using an online method.
1. Using the Nearest ATM
- Insert your credit card into the ATM
- Click on the PIN generation option
- Enter the OTP received on your registered mobile number
- Enter your desired four-digit PIN
- Confirm the PIN
- The new PIN is activated
2. Visiting Your Credit Card Issuer’s Branch
- Speak to the customer representative who will guide you
- Submit your request for PIN generation
- You will have to fill out a form
- The issuer will verify the necessary details and process the request
Online Methods: Depending on your credit card provider, you can opt for an online method by accessing their website or mobile application.
1. Visit Your Issuer’s Official Website
- Login to your account using your credentials
- Choose the ‘Credit Card PIN change’ option
- Enter your credit card number, expiry date and CVV
- Enter your desired four-digit number
- Re-enter and submit the request
2. Request Via an Email
- Send an email to the customer service of your bank from your registered email ID
- Mention your credit card details and request them to generate a PIN
- Follow the instructions provided by them in their reply
3. Generate PIN Using Issuer’s Mobile App
- Log in to the mobile app using your credentials
- Go to the credit card section
- Choose the PIN generation/change PIN option
- Verify with the OTP sent to the registered mobile number
- Enter your desired four-digit PIN
- Re-enter and submit
- The new PIN is activated
These online methods have added to the convenience as you don’t have to visit the issuer’s branch physically. You can use some simple steps and generate your card PIN.
Essential Factors to Consider
Credit card PINs are essential for ensuring the security of your credit card. Here are some key points to consider to protect your credentials and safeguard against fraudulent activities:
- Avoid putting your PIN and other credit card details on unauthorised websites; fraudsters can extract your information, leading to financial loss
- Be aware of skimming and ensure that your credit card is swiped only in your presence
- Keep an eye on your surroundings while providing your PIN at any merchant store
- Avoid saving your important credentials like card number, CVV and PIN in any online portal
- Never provide your credit card information on social media and other online mediums like messages and email
- Make sure to change your PIN after receiving your credit card, and try changing it at least once every six months
- Try to avoid common and easy guess combinations for your PIN like birthdays, anniversaries etc.
- Check your credit card statement regularly for any unauthorised transactions
- Never share sensitive information related to credit cards, even with employees of your credit card issuer
- You can use a digital wallet to securely save your credit card information
Though credit cards come with zero liability coverage, unauthorised transactions and fraudulent activities can disrupt your regular activity. Most cards help you earn rewards for retail purchases, bill payments, rent etc. If you’re a frequent flier, go for a card which offers flight booking discounts on a credit card.
If you are looking for a credit card where you can generate a PIN using the mobile app, the One Credit Card can be a good choice. Its robust mobile application is easy to use, and you can reset the PIN every six months.
Not only does it have zero annual and joining fees, but it also has lucrative offers on electronics, travel, food, and more. Earn 5X reward points and enjoy using this stylish metal credit card. Apply online to enjoy the benefits of this lifetime-free credit card!
