Technical Specifications of a Credit Card?

-


Image result for credit card measurement


The size of most credit cards is 85.60 mm × 53.98 mm (3.375 in × 2.125 in) and rounded corners with a radius of 2.88–3.48 mm, conforming to the ISO/IEC 7810 ID-1 standard, the same size as ATM cards and other payment cards, such as debit cards.

Credit cards have a printed or embossed bank card number complying with the ISO/IEC 7812 numbering standard. The card number's prefix, called the Bank Identification Number, is the sequence of digits at the beginning of the number that determine the bank to which a credit card number belongs. This is the first six digits for MasterCard and Visa cards. The next nine digits are the individual account number, and the final digit is a validity check code.

Both of these standards are maintained and further developed by ISO/IEC JTC 1/SC 17/WG 1. Credit cards have a magnetic stripe conforming to the ISO/IEC 7813. Many modern credit cards have a computer chip embedded in them as a security feature.

In addition to the main credit card number, credit cards also carry issue and expiration dates (given to the nearest month), as well as extra codes such as issue numbers and security codes. Not all credit cards have the same sets of extra codes nor do they use the same number of digits.

Credit card numbers were originally embossed to allow easy transfer of the number to charge slips. With the decline of paper slips, some credit cards are no longer embossed and in fact the card number is no longer in the front.

Click Below to Apply for a Credit Card Online
Related image


Comments

Post a Comment

Popular posts from this blog

10 Best Banks for Personal Loan in India – 2018 Review

-
Image
I know it’s difficult to manage your finances smoothly because of higher costs of living. People go for a personal loan when there is a cash crunch. It’s easy to get a personal loan for expenses like foreign vacation, renovation of your dream house, traditional Indian marriage, or any other obligation. Disclaimer: I won’t recommend anyone to take personal loan unless it’s absolutely necessary. Reconsider your decision if you can manage your finances without a personal loan. But if you have already made your decision but just looking for the best bank that gives best offers on personal loan then keep on reading till the end. Unlike in other kinds of loans, in a personal loan there is no restriction on how the borrowed amount is utilized as the borrower has full freedom to use the money for any purpose except for gambling. In general, banks do not ask for any collaterals as security while approving these personal loans. Hence these loans are quick and can be easily availed.
Read more

Types of credit cards in India

-
Image
Credit cards, also known as plastic money, have become a rage in recent times as lots of people are experiencing its benefits. In recent times, the credit card companies are not only providing security for cash but also give many additional features too. 24-hour instant cash access is the major advantage of credit card and major banks in India provide varieties of credit cards. Here we discuss the major types of credit cards available in India. The features and benefits of credit card may differ from company to company. This article highlights the common features of different types of credit cards. Gold Credit Card: Gold credit cards are made for higher income groups who also have higher credit rating. It is a status symbol and is considered prestigious. The features of gold credit cards are: Cash withdrawal limit is higher Credit limit is higher Provides one Add-on card which can be given to either, spouse, children or parents of the credit card holder Provides
Read more

How to Improve your Credit Score?

-
Image
Making timely payments in full is key in establishing, or improving, a good score. And since details about your payment history, including late or missed payments, are considered public record and can stay on your credit report for years, you should aim to pay as much of their monthly balance as you can, on time, every time. The snowball method, in which you pay off the smallest of your debts first, then move on to the next largest, is a popular way to do that. Redd Horrorcks, a self-employed voice actress, using this method, paid $39,000 in credit card debt in five years. Click Below to Improve Your Credit Score Aside from paying in full and on time, look to reduce your credit utilization rate, too, which is the ratio of how much you've spent on your credit card versus the card's limit. "The smaller that percentage is," according to Bankrate, "the better it is for your credit rating." "Even if you pay balances in full every month, you s
Read more