Unveiling the Anatomy of a Credit Card: Components and Functionality Explained

Delve into the intricacies of credit card anatomy, exploring its components and functionalities.
Unveiling the Anatomy of a Credit Card: Components and Functionality Explained
2 min
14 March 2024

Your credit card isn’t just a piece of plastic. It’s a powerful financial tool with a complex structure – a marvel of modern technology. Each component in the anatomy of a credit card, whether physical or digital, plays a crucial role in its operation.

Key physical and digital elements of a credit card

This compact powerhouse of financial functionality has certain key elements:

  • Card number: The 16-digit number on the front of the card is unique to each card. It identifies the issuer and the individual account.
  • Cardholder’s name: Embossed or printed below the card number, it identifies the person to whom this card is issued.
  • Expiration date: This date indicates when the card will stop working. It’s usually embossed below the card number.
  • Security code: Also known as CVC or CVV, this 3-digit code provides an extra layer of security during online transactions.
  • Issuer logo: This logo indicates the bank or financial institution that issued the card.
  • Magnetic strip: Visible at the back of the credit card, it stores data essential for the card’s functioning. This includes the cardholder's account number and the card’s expiration date. When you swipe your card at a point of sale (POS)terminal, it reads this data.
  • Chip: A more recent and secure data storage method, this small, metallic square is visible on newer cards. Also known as EMV (Europay, mastercard, and Visa) it’s more secure than a magnetic strip as it creates a unique transaction code for each usage. This makes information theft and fraud harder.
  • Signature panel: Located at the back of the card, this is where cardholders sign their name.
  • Customer service number: Easily accessible at the back of the card in case of any queries or issues cardholders face during card usage.

Bajaj Finserv RBL Bank credit cards

Looking for a credit card that would be the perfect fit for your wallet? Consider one of the co-branded credit cards from Bajaj Finserv and RBL Bank. The Bajaj Finserv RBL credit cards offer a range of features and benefits that make it stand out from the crowd.

From easy EMI conversion and interest-free cash withdrawal to fuel surcharge waivers and free movie tickets, this card offers many advantages. Not to mention the emergency advance that allows you to convert your available cash limit into a personal loan for 3 months.

Remember, your credit card is more than just a payment method. It brings a universe of financial possibilities to the palm of your hand. So, choose wisely and use it responsibly to enhance your financial well-being.

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Frequently asked questions

What information is typically found on the front of a credit card?

The front of a credit card typically displays the cardholder’s name, card number, issuer logo, and expiration date. It might also include the chip, if the card includes that technology.

What details are located on the back of a credit card?

The back of a credit card usually contains the magnetic strip, security code (CVV), signature panel, and customer service number.

How do the different elements of a credit card contribute to its security?

Each element of a credit card, like the unique card number, CVV, and chip, contributes to its security by preventing fraudulent use and ensuring only the authorised person can use it.