The Parts of your Credit Card

Curious about the parts of your credit card?
Want to know how does this thing do with the whole process of security and protecting its owner against fraud and scams.

A Debit/Credit card has a front and a back side. Both sides have parts that performs important information about it. This information is essential for the user and the security of the card, as he or she needs to know about this information, without which they won’t be able to carry out their purchases through their debit/credit card.

Bank Name:

Bank ID or Bank issuer name is usually displayed on the front top side of the Debit or Credit Card. It signifies the name or ID of the bank issuer. It can also be represented by a logo, symbol or name. It is not necessary that Debit or Credit cards are only issued by the bank; it can also be issued by any financial institution or any other entity which usually give out reward or purchase cards. Such electronic cards can also be given by other institutions for any special benefits or features. The bank ID, symbol, logo or name can be on the left or right top side of the debit or credit card.

Card Name:

Card name are simply the name of the credit/debit card. This is just to indentify which card you are using. This is usually the bank product name for the card. Each of these products are featured with unique inclusions that the user may enjoy.

EMV Chip:

A small smart electronic chip is also inserted in your Debit/Credit card which connects your card with your bank issuer online. This small smart chip helps to process data and identification with the bank issuer network so that you can make purchases. In other words, this smart electronic chip has all your data and helps to process information. It also helps you to make international purchases if you are aboard. Basically, it has certain security and protocol features to connect you with your bank issuer network. This chip technology is mostly effective to minimize or counter fraud or malicious transactions. This smart chip can make it easier for the merchant or any device as it connects and process your data, whether you have enough funds to make purchases or not. It adds a unique code for each transaction which it process, countering any stolen data and thus making it unauthentic or useful. This smart chip works best, making it impossible for anyone to make their own Debit/Credit with a stolen data or coding.

Card Number:

The card number of the Debit or Credit Card is one of the most important aspects. It is a 16 digit code which is mostly used during online transactions. It also serves as an authentication number for the user as bank usually asks for this number code to verify that the user is authentic or not. The 16 digit code can also be accompanied by some password, a secret code or any secret phrase that the user knows. This 16 digit code is linked with your bank network as every single user is assigned a very unique 16 digit code which is usually different from one another. Most online transactions require this 16 digit code number to carry out transaction. For American Express Debit or Credit Cards, it is a 15 digit code number.

This 16 digit code is a vulnerable piece of information so it is also important for the user to keep it safe and secure with him at all times. He or she can memorize or keep it safe with him or her, so that no one else can know about it. If anyone knows this particular 16 digit code then he or she can easily steal money from your bank account. If any such kind of scam or fraud is carried out without having you know about it, then you need to immediately report it to your bank authorities and block your debit or credit card. However, it can be a very lengthy process to justify that it wasn’t you who made that scam or fraud transaction through the 16 digit code number.

Card Holder Name:

The card holder name is usually placed on the bottom side of the Debit or Credit card. This information signifies the user and his or her authority to use the debit or credit. The name of the card holder also signifies that the card belongs to him or her. The card holder’s name is gives the impression that he or she is authorized to use the Debit or Credit card and that it has been issued to him by the bank institution after a valid procedure. The card holder’s name also gives out the impression that he or she has some amount in the bank account and he is authorized to spend that amount through his Debit or Credit Card.

Card Expiration Date:

Expiry date on your debit/credit card also acts like a security code. When making an online transaction, the merchant or the website asks for your expiry date as well. It is located slightly above the bottom side of your Debit/Credit Card. It may also contain its validity from start period to the expiry date. It is useful for security purposes as well as when you need to replace your Debit/Credit card from time to time. Certain banks do want their customers to upgrade or replace their debit/credit cards from time to time towards smart cards or even if they cards are compromised. However, banks can also set the requirement of changing cards if any new technology has been implemented in their banking system. The expiry date also work as a security code for making online transactions in order to make purchases.

Issuer Network Logo:

Your Debit/Credit Card may have multiple or additional network logos. Some of them may be on the backside of your Debit/Credit Card at the lower right corner. These logos indicate which ATMs you can use, which would be free of charge, otherwise certain ATMs charge a minimal amount or charges from you, which are deducted from your bank account as service charges.

Debit/Credit cards are definitely very important in today’s era as everyone is making digital payments and they offer convenience as well. They have certainly become a very important and useful element in our lives but for its safe and secure use, it is very important to know all its elements and how it can safeguard us from online frauds or scams or card theft.

Card Name:

Card name are simply the name of the credit/debit card. This is just to indentify which card you are using. This is usually the bank product name for the card. Each of these products are featured with unique inclusions that the user may enjoy.

CVV or CVV2:

Security code is another security aspect on the backside of your Debit/Credit Card. It is certainly important for verification purposes as this information is usually represented by three numbers. It is mostly asked by online websites or merchants for verifying that the Debit/Credit holder is authentic or not. This security code on the backside of your Debit/Credit Card is also an obstacle for online hackers, who are trying to steal your Debit/Credit Card from a fake machine or through malicious online websites. Some security codes are more than three digits, which is for certain cards, depending on the bank issuer.

Security codes can also be called the CVV, CVV2, CSD, CID code or by other similar codes. These codes are usually required by online websites for certain transactions. For certain payment networks like Visa, MasterCard or Discover Card, this security code is usually of three digits but for some it can range from 4 to 5 digits. For example, for American Express Debit/Credit Cards; this security code is four digits. Some Debit/Credit cards can have this security code on the front side as well. It is absolutely important that you do not share this security code with anyone.

Signature Area:

Signature field is also an important aspect of information on the backside of your Debit/Credit Card. You can sign on it as it works to verify your signature. In some cases, if you are paying from your Debit/Credit Card, then the merchant would ask for your signature to verify the payment made from you. The merchant can then verify and check that you have made the right signature which is as it is on your Debit/Credit Card. He can easily compare it with the signature on your Debit/Credit. This also works well if someone has stolen your card and he or she is unable to copy your signature. Make sure that your signature is done well and is clearly visible on your Debit/Credit Card in the area indicated from your bank issuer. Signatures are definitely an essential requirement from the bank issuer and for the card holder. It can easily verify if your status or even recognize if your card has been stolen or not.

Bank Contact Info:

Lastly, the smallest details in the card are the address and contact info of your bank issuer. If you somehow has problems with your card then simply use the contact details on stated here.