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Credit Cards

Personal Identification Number (PIN)

A Personal Identification Number, commonly known as a PIN, is a unique combination of numbers assigned to each card. This 16-digit code reveals information about the card issuer and the country of origin in the first 8 digits, while the remaining 8 digits contain details about the cardholder, such as their category (businessman, individual, or NRI). The PIN acts as a key to access certain services, such as withdrawing cash from ATMs. It is essential to keep this number secure and most credit card issuers advise their clients to either store it in a safe place or memorize it instead of writing it down.

Annual Fee

period and is due on the first day of the billing period. In the world of finance, there exists a concept known as "payable in advance." This refers to a payment that is not...

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Credit Shield

In finance, Credit Shield refers to a provision that relieves a credit card holder from paying any outstanding balance on their card in case of accidental death. This is sub...

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Revolver

A common term used by banks to describe card holders who carry over a portion of their credit card balance to the following month is "revolver". It is believed that approxim...

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Cash Advance Facility

This facility usually comes with a high-interest rate. The Cash Advance facility, also known as using a credit card to withdraw cash from an ATM or Automatic Teller Machine...

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