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Currently, you do not need a pin number to use your credit card.
However, when the credit card companies switch from the magnetic strip to the computer chip (Visa & MasterCharge wants to convert all credit cards to this new technology by April 2013), you will have to use your pin code for all transactions.
This implementation has been delayed because Visa and MasterCharge cannot get the readers to acept the data. This will require all merchants to get the new readers when this goes into effect.
By the way, Visa and MasterCard are forced to convert to this new technology because merchants in Europe and Asia will not accept the old fashion magnetic striped cards because they are not secure enough. Visa and MasterCard are loosing hundreds of millions dollars in lost revenue in interchange fees and currency conversion fees.
Here is a fact that most Americans are not aware of regarding both credit cards and debit cards.
Both of these financial instruments were never designed to be a security feature for the consumer to use to protect themselves.
The four digit pin codes on both Credit and Debit Cards were originally designed to only allow you to withdraw monies from ATM machines. My first credit card was a BankAmericard (BOA - 1972) that allowed me to withdrawal money against my line of credit on my credit card. This was issued to only people with good credit. There was no debit cards in 1972 (only bank ATM Cards) and the credit card companies were making a killing on the fees (BOA).
As of now (and for the last 42 years), the four digit pin code you have for your credit cards is still only used to take a cash advance on your line of credit. However, the fees in 1972 was $.50, now they are 3% of your withdrawal amount or a minimum fee of $10.00.
Debit card pin codes can now be used in gas pumps (not a good idea) or anywhere a merchant has a pin pad you can use. You can swipe your debit card as a credit and it gets processed at a higher processing rate (more money for banks) off-line or use your pin code for security and its processed on-line (usually clears your bank in 48 hours).
Again, when they convert the credit card systems from the magnetic stripe to the computer chip, its will be the first time in over 42 years that the American consumer can use the 4 digit pin code on their credit cards for security on all transactions, not just ATM usage.
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Can i use a debit card as a credit card without your PIN at walmart?
Yes, when you swipe your card just select credit as form of payment and not debit
Do you need a credit card to setup a iPod account Or Can you just use a i tunes card?
You can use Both On An ipod Acounnt. But You Mostly Need Your Itunes Card SO if i just bought a Itunes gift card that would work for setting it up?
Can you rent an apartment without a credit card or debit card?
I have never had to use a credit or debit card and I have rented numerous places in Ohio for about 7 years.
Can i use my Walmart credit card at Sam's Club?
Yes, you can. You can also use it for cash advance up to $60.
Can you use a Kmart gift card at sears?
Yes, your KMart gift card will work at Sears. The company Sears Holdings has merged with KMart.
What do you need to use an ATM?
A credit card and your PIN number.
When you don't use your PIN do you need a refund in cash or can it be credited back to your account like a credit card?
if you pay by card you will get a refund by card
When making a pyment with a credit card at the shop do you need to type in your pin?
No, you don't need a PIN to use a credit card in order to make a purchase. The only need for a PIN on a credit card would be if you are taking a cash advance out on your card* and this would be processed through an ATM.* the APR on cash advances, if allowed by your bank, are typically higher than your purchase APR. Thus, cash advances are not recommended.
Can you use a visa credit card on a ATM without a PIN?
Answer a t m pinno you can not use card with no pin at and ATM hope this helps
Is a VISA Credit Card being used as 'Debit' if you use a pin?
No - its still a credit transaction. The PIN is simply used to verify you are the registered owner of the card.
What is the credit card pin and how is it used?
A Credit Card Pin is a 4 digit number that you can use in combination with your physical card, to access your bank account from an automated teller machine (ATM).
Can someone use your credit card at a ATM?
They could use it if they have your PIN number.
Can I use my Goodyear card at an ATM?
Assuming you're talking about the Goodyear credit card - yes. You will need your PIN (issued by the card company). Simply insert the card into an ATM, punch in your pin, and withdraw cash up to the card's credit limit (or the machine's daily limit - whichever is the lower figure).
Can you use someones credit card?
No. Because it is not allowed and each credit card has a pin known only to the real owner.
Can i use a debit card as a credit card without your PIN at walmart?
Yes, when you swipe your card just select credit as form of payment and not debit
Where you can find ATM pin on credit card?
Nowhere. Unless the owner of the card actually wrote it down themselves, the PIN code for a credit card, and debit card for that matter, is not located anywhere on the card. This is to prevent its use in the event that the card is lost or stolen.
Can you use a debit card to apply for argos credit?
yes chip and pin
