Monday, May 27, 2024
HomeBusinessBeginner’s Guide to Understanding How to Activate a Credit Card

Beginner’s Guide to Understanding How to Activate a Credit Card

One of the most important things to remember when it comes to activating credit cards is that the process varies from bank to bank. Some banks may require you to activate the card online by logging into their net banking system while others may require you to visit an ATM and activate the card by swiping it in order for it to be activated. In essence, the process of How to activate a credit card is not the same across all lenders. As a result, it is critical that you follow the card-specific instructions that you receive when you receive your credit card. Here we have discussed a few steps on How to activate a credit card both online and offline. 

But first, know how to generate a credit card PIN?

One of the primary things you need to activate your credit card is to know the known PIN of your credit card. It is a 4-digit unique identification number that is assigned to a user’s specific card and every time one makes a transaction, s/he needs to enter this.  Banks use various methods to communicate the PIN to their users. In the welcome kit, banks provide cardholders with their credit card PIN. However, banks require cardholders to change their PIN after receiving the kit by visiting an ATM and for the same, one must know the Yes Bank credit card PIN generation method.  Under any circumstances, the PIN should be kept private.

While some banks send the PIN along with the card in the letter, others allow users to generate the PIN online. In the latter method, one needs to know the process of the Yes Bank credit card PIN generation method. 

How to Generate a Credit Card PIN

Step 1: Insert your credit card into the ATM machine and select your preferred language.

Step 2: Select ‘create PIN using OTP’.

Step 3: After you click it, a ‘One Time Password’ will be sent to your registered mobile number.

Step 4: Type in the required section

Step 5: Enter a 4-digit PIN that you need to choose for yourself.

Step 6: Retype the PIN and press the ‘Submit’ button.

Step 7: The bank will then notify you that your Yes Bank credit card PIN generation has been successful. If you haven’t tried to change your PIN yet, contact the bank.

How Do You Activate a Credit Card Online?

You can activate your credit card via Netbanking or the bank’s mobile app. The following are the steps to activate your credit card through these channels:

Activating your Credit Card Using Internet Banking

Step 1: Log in to the bank’s official website.

Step 2: You will see the ‘Credit Card Activation’ option. Choose that.

Step 3: Enter the necessary information, such as your credit card number, date of birth, and card expiry date.

Step 4: In some cases, you may be required to enter your ATM PIN or create a new PIN.

Step 5: The same must be verified using an OTP sent to your registered mobile phone.

Activating your Credit Card Using Mobile App

Step 1: Download and log in to the bank’s official app.

Step 2: Select an option called ‘Register’ and then click on ‘Activate a card’ and choose ‘Credit Card’.

Step 3: Enter your credit card details.

Step 4: Confirm the OTP sent to your registered mobile phone number.

Step 5: You will be prompted to create a new user ID and password, and your card will be activated shortly thereafter.

How Do You Activate a Credit Card Offline?

If you are unfamiliar with How to activate a credit card online or if your credit card can only be activated offline, you can do so with the help of a customer car or by SMS:

Activating your Credit card via Customer Support Service

It is recommended that you visit the nearest bank branch and get in touch with customer service executives. They will walk you through the process of activating your credit card. You can also call customer service to know the process of How to activate a credit card in detail. The customer service numbers can be found on the bank’s official website.

Activating your Credit card via SMS

SMS can also be used to activate your credit card. However, make sure to check with your bank to see if this is an option. You will be required to send a predefined SMS. It is most likely a specific number, but it could also be your ATM PIN or MBANK. After you send the SMS, you will receive an immediate response from the number regarding the activation of your credit card.

Why is it necessary for me to activate my card?

For security reasons, you must activate your credit card. Activating your card informs your bank or credit card provider that you are the correct cardholder and that the card has not fallen into the wrong hands. You usually have up to two months to activate your credit card but that varies from bank to bank. If you do not activate your credit card, you will be unable to make card payments or withdraw cash from an ATM. Your credit card account, however, will remain active. This means you’ll still be responsible for any credit card fees, such as an annual fee. Having too many open lines of credit may also have an effect on your credit score.

Precautions for Credit Card PIN Security

Follow the safety precautions listed below to keep your credit card safe and confidential from fraudsters and hackers:

  • Make certain that your credit card is swiped while you are present. This eliminates the possibility of skimming (the duplication of card details using a skimming device) or other fraudulent activity.
  • Never send your credit card information via email or SMS.
  • Always ensure that the websites you use for online transactions are secure. Websites that begin with ‘https’ are typically authentic and secure.
  • Never save your credit card information on any merchant website.
  • Never write down your credit card PIN on your card or on paper.
  • Make it a habit to review your credit card information once a month to ensure that your money is not being misappropriated or to look for any discrepancies.

So we are saying,

You can activate your credit card using any of the methods listed above. Before you do anything, make sure to check with your bank first. Under any circumstances, it is not recommended to share your PIN with anybody.

 

RELATED ARTICLES

Most Popular

Recent Comments