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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.

VISA

These cards can be used to make purchases at various merchants and establishments globally. VISA cards, a product of VISA, USA, are distributed by banks and financial instit...

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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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Zero Balance

When a credit card holder has paid off all their outstanding balances and has not made any new purchases during the billing cycle, their bill will reflect a zero balance. Thi...

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Balance Transfer

Balance transfer is a term used in the financial world to describe the process of transferring unpaid credit card dues from one issuer to another. This practice is commonly ...

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