What is CVC?
Have you ever wondered what that three- or four-digit number printed on the back of your credit or debit card is? It's called a CVC, short for Card Verification Value, and it's an important security feature that helps protect you from fraudulent transactions.
What does CVC do?
The CVC is a unique code that is not printed on the front of your card. It's designed to be used in conjunction with your card number and expiration date to verify that you are the legitimate cardholder. When you make a purchase online or over the phone, the merchant will ask for your CVC to ensure that you have physical access to the card. This makes it much harder for someone to make unauthorized purchases using your card details.
Where can I find my CVC?
You can find your CVC on the back of your card, usually in the signature strip area. It's usually a three-digit code for Visa, Mastercard, and Discover cards, and a four-digit code for American Express cards. Here are some common places to find the CVC:
- Visa, Mastercard, Discover: Located on the back of the card, usually in the signature strip area.
- American Express: Located on the front of the card, above the card number.
Why is CVC important?
The CVC is crucial for several reasons:
- Reduces Fraud: It prevents unauthorized purchases by confirming you have the physical card.
- Protects Cardholders: Makes it harder for thieves to use stolen credit card numbers.
- Safe Online Transactions: Adds an extra layer of security when making online or over-the-phone purchases.
How do I protect my CVC?
- Never share your CVC with anyone over the phone or online unless you initiated the transaction. Legitimate businesses will never ask for your CVC over the phone or email.
- Keep your card safe and secure. Don't leave it lying around where others can easily access it.
- Be cautious when making purchases online. Only use websites that are secure and have a padlock icon in the address bar.
What if I forget my CVC?
If you've forgotten your CVC, you can find it on the back of your card. If you still can't find it, contact your card issuer directly. They can provide you with your CVC or send a replacement card.
Conclusion
The CVC is an important security feature that helps protect your card from fraudulent transactions. By being aware of its purpose and taking steps to protect your CVC, you can help keep your financial information safe.