New credit card? Here’s how to activate it via net banking, app, and more | Mint

Getting that new credit card can be a really exciting first step towards expanding your financial options. Whether this is your first credit card or an upgrade, you will need activation to start using your card safely. Here we will help you activate your credit card in one of several ways and make the process easy and hassle-free.

Credit card

Up to an approved credit limit, a credit card is any financial instrument that banks and other financial institutions issue that lets you borrow money for purchases. This uses a revolving credit structure and you have the option of paying the entire sum or a minimal amount each month-it is therefore very prudent because any outstanding balance is charged with interest.

Offline

1) Through customer care

• Call the customer service phone number of your bank. Their website usually displays this information.
• Activate your card by following the instructions of the representative.

2) Through SMS

• Send a predetermined SMS to the number of the bank assigned (for example, ‘MBANK’ or your ATM PIN).
• Once your credit card is activated, you will receive a confirmation message.

Why does the new credit card arrive deactivated?

New credit cards are sent in an inactive state, and you need to set up a PIN for activation. The PIN will be sent to your registered address within a week or can be generated through the mobile app or net banking. Each bank varies slightly in the activation process, so it is best to consult the instructions that were included with your card or check their website for more information.

In conclusion, activating a credit card is a simple but essential step to ensure safe transactions. However, credit cards must be used in a responsible manner as high interest rates, debt accumulation, and a more inferior credit score can occur due to late payments or failure to pay an amount. Thus, if you wish to maximize your credit card usage, always pay the bills in time while keeping an eye on your expenditures.

(Note: Using a credit card carries its own set of risks.)