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Saturday, November 7th 2009


Understanding your credit card's card identification number

By Jeremy M. Simon

Credit card transactions where the merchant is unable to physically see the credit card in your possession (such as with payments over the Internet or by phone) often require a short numerical code usually found on the back of the card.  Have you ever stopped to wonder what that number is and why it is requested?

See the story, "Anatomy of a credit card" for the answer.

Published: August 8, 2006

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Credit Card Rate Report

Updated: 11-07-2009

National Average 12.64%
Business 9.69%
Low Interest 11.91%
Cash Back 12.36%
Reward 12.85%
Instant Approval 13.32%
Balance Transfer 13.46%
Airline 13.60%
Bad Credit 14.29%
Student 14.45%

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