Credit Card Number and Credit Card Generators | Get the Facts Right

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A credit card number is also known as Primary Account Number (PAN) and it has several fields. Each of them has a meaning and contains a six-digit issuer identification number (IIN), an individual account identification number, and a single digit checksum which uses an algorithm called “Luhn algorithm” which will detect any single-digit error as well as almost all transfers of adjacent digits.

credit card number

The first six digit number on the credit card the is referred to as an “issuer identification number” also known as the bank identification number (BIN).This is used to identify the institution/bank that issued the credit card to the cardholder. Afterwards, comes the account number, digit 7 to last minus one. The maximum length of the account number is 12 digits. This is an individual account identifier. The last digit is the checksum.

Using Credit Card Online

If you’ve ever found yourself trying to try a product online which required a credit card number, you have to be very careful because anyone can create a site and include those forms where you will have to enter your credit card details. You need to be very sure of the site you are providing such details to and ensure that is a well-known or registered company in your country or around the world. This eliminates the fear of cybercriminals who try to steal your credit card details and use it for another purpose.

You might be sitting at home or even watching a movie and the next thing is oh no! you got a notification from your bank for something really expensive you didn’t buy which costs you good money. This is when you become very angry and pissed at yourself for not taking a little time to check if the website was really a legit company. Now, the scammer is happy and smiles away with your money because most scammers are very difficult to track or trace and would have blocked all means to track them and retain your money back. Most people sometimes don’t understand the terms “credit card” and a “debit card”. There is a huge difference between them.

Credit Card Generators

A credit card generator is a useful tool for creating a valid credit card number and you can take advantage of using it right on this website. Most credit card generators are free which generates real credit card numbers but you can’t actually use this credit card details to pay for stuff. The numbers generated are done using “Luhn algorithm” which I stated above earlier on. You can check it out on this website http://www.getcreditcardinfo.com/generatevisacreditcard.html

Reasons Why You May Need  A Credit Card Generator

A Credit Card Generator or a credit card number generator is needed for many websites which require you to sign up with your card to gain access to their information or services and some of them don’t tell you this but, they will auto-renew your subscription when it expires without informing you in advance. They keep on billing, and you cannot easily shut down the offending vendor. Some of these websites even went as far as making it difficult for users to cancel their subscription and you have to call a telephone number and talk to someone with a nearly undecipherable accent. I suspect many people want to cancel but, encounter the difficult cancellation procedure and then give up. They continue to pay for something they no longer want.

Another risk, although rare, is that someone might obtain your credit card number without your knowledge and make illegal charges against it. While all online charges are insured by the credit card companies so that you will never lose any money, going through the process of getting your money back may not be convenient. It is always better to stop such an illegal transaction before it occurs. Now, If you are willing to pay for a particular service and online and you thought ok let me give it a trial and the next month you got debited, I mean that’s not fair and I know you feel the same way too.

Solving the Problem

You can solve this by using a virtual credit card that expires at the end of one (1) month which is done using a credit card generator. If someone tries to renew a subscription after the expiration date, the credit card bounces because it has expired. This prevents any attempted new charges. I know the company will need to contact me when the renewal time approaches. However, there are a number of credit card companies will allow each customer to generate his or her own limited version of their real credit card (a disposable version) that cannot be used beyond the limit that the customer dictates.

Why Do I Need a Disposable Credit Card

Disposable credit cards are useful for many purposes. In many cases, you can limit the amount to be charged on the card. For instance, I might want to make an online purchase for $20.95. I can create a disposable credit card number that is authorized for a maximum total of $40 in charges. The extra ten dollars will handle shipping charges and sales tax, if any, but will block higher charges. If anyone attempts to charge the card for more than my $40 max, the transaction will be rejected by the credit card company. Also, if a dishonest employee of that company obtains my credit card number and tries to charge, even more, the charge will be refused.

The virtual credit card number is always useless to the thief due to its limitation. Another option provides for recurring monthly payments that allow you to securely manage your monthly bills. For instance, if your cell phone bill is consistent $80 a month, you can pay the bill with a virtual credit card number that allows $80 or perhaps $90 a month in charges, but rejects anything above that. Some credit card companies, although not all, will also allow “one-time use” numbers. That is, the credit card number can only be used one time. If anyone tries to enter the second charge for the same card number, it will be rejected.

Virtual Credit Card Number

A “disposable” credit card number is sometimes called a “virtual” credit card number because it’s not quite real. There is no physical credit card. The credit card number only exists in the issuing bank’s servers. The virtual card numbers work just like regular credit card numbers, with one exception: they only work online. The merchant you are dealing with will never know that you used a virtual credit card number in place of a “real” number. The best part is the merchant or the merchant’s dishonest employees will never see your real credit card number. Cool right? The extra security and peace of mind are worth it.

This “one-time use” method replaces your real credit or debit card number with a new, or virtual, credit card number. If anyone steals the number and attempts to make a second purchase, the transaction is rejected by the credit card company with a status message of “card expired” or something similar. Services are available from Citibank and others. PayPal, Chase, and Discover Card used to offer similar virtual debit card programs.

Why You Should Use it

The extra security and peace of mind are worth it. This “one-time use” method replaces your real credit or debit card number with a new, or virtual, credit card number. If anyone steals the number and attempts to make a second purchase, the transaction is rejected by the credit card company with a status message of “card expired” or something similar. Services are available from Citibank and others. PayPal, Chase, and Discover Card used to offer similar virtual debit card programs.

It is preferred to use virtual credit card numbers to avoid problems before they happen. Although MasterCard, American Express, and Discover Card already offer 100% insurance for all online transactions. Even if your real credit card number does get stolen, the credit card companies will reimburse you for any losses incurred. The insurance companies cover against theft and fraudulent charges do not cover automatically-renewing subscriptions. The insurance only covers fraud. Check with your current credit card provider to see if the company offers virtual credit card numbers. If not, you might consider switching to a different credit card company.