Spending or transferring money via a cashless medium has become commonplace in recent times and has turned into a viable way of dealing with a cash crunch, among other important uses. Credit cards have become a popular way of making purchases these days, especially online.
Credit cards extend greater convenience and provide a ton of benefits. They are provided by banks or other financial institutions. They essentially allow the customers holding these cards to borrow money or credit to make payments for all kinds of products and services from sellers all over the world.
On top of all this, these plastic cards tend to have many different schemes like reward points that can be redeemed for various benefits, cashback, and other incentives. Credit cards are extremely convenient and help consumers in mitigating costs. The Bajaj Finserv RBL Bank SuperCard, for instance, is the ideal option if you want to acquire a credit card for yourself. Apart from standard credit card benefits and services, it also has a slew of “super features,” such as interest-free cash withdrawals for up to fifty days, the ability to turn your card on or off in seconds, and the install-card service.
Since credit cards are such useful and widely used tools, their safety and security are a big deal. The first step towards achieving this is having a PIN for your credit card. Many of you might be thinking ‘how to apply for a credit card’ or ‘how to change the credit card PIN’? We try to answer these questions below.
Credit card application and PIN
Different institutions have different procedures for the application of credit cards. You can visit their website for more details. But documents such as identity proof (Aadhaar Card etc.), residential proof (utility bills), and income proof (salary slips) are universally required. A four-digit PIN number is used to secure and protect every credit card.
This mechanism ensures that transactions with any credit card are safe and cardholders don’t have to worry about fraudulent activities while making payments. In reality, while taking money from ATMs, this technique is quite important. The PIN is a four-digit unique identifying number that is issued to a user’s specific card. The cardholder must enter the PIN while using the card.
Before allowing the consumer to make any transaction, the payment system compares the PIN and the user ID. It is a security measure adopted by financial institutions to protect a person’s credit card. To ensure the security of the card, the PIN should not be given to anybody else.
Now, there are two methods to change your credit card PIN — ATMs and net banking.
ATMs – To get started, slide your credit card into the ATM machine and select your preferred language (most ATMs operate in multiple prominent languages of the country of operation). Then, at the machine, input your current credit card PIN and select the “Change PIN” option. A “One Time Password” will be sent to your registered mobile number as soon as you select that option. Now, in the ATM machine, input the OTP that you’ve received. You should now be able to reset your PIN. Now enter a new four-digit PIN of your choosing. Click “Submit” after retyping the same PIN. With this, the process should be complete. After that, the institution will notify you that your PIN has been updated. If you haven’t tried to update your PIN yet, contact your credit card issuer.
Net Banking – To begin, log into your net banking account and go to the dashboard and choose “credit card choices.” Now select “Change PIN” from the drop-down menu. The bank will then send a one-time password (OTP) to your registered cellphone number. All you have to do now is input the OTP and click “proceed.” Simply enter your preferred PIN twice (once more for confirmation) and click submit. This should bring the procedure to a close. Your PIN will then be updated and you will be notified by the institution.
This answers the question, ‘how to change your credit card PIN?’ For security reasons, you should keep changing your credit card PIN once every year. And if you want to get a credit card for yourself, then the Bajaj Finserv RBL Bank credit card is your best option. Apart from all the usual credit card benefits and services, it also has a slew of “super features”. Use the same card to withdraw money from an ATM, avail of a loan against the credit limit, convert your purchases into EMIs and use it as a normal credit card.
