BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
All Master cards start with ____ numeric digit and Visa starts with ____ numeric digit
A
5 and 4
B
4 and 5
C
3 and 4
D
Random selection
Explanation: 

Detailed explanation-1: -Credit cards, such as MasterCard, Visa, and Discover, all have unique, identifying numbers as their first digits, with the exception of American Express, Diner’s Club and Carte Blanche, which share the same first digit: the number 3. MasterCard’s unique first digit is 5, while Visa’s is always 4.

Detailed explanation-2: -Visa cards begin with the number 4. Mastercards start with the number 5. Discover Cards begin with the number 6.

Detailed explanation-3: -First number If it’s a Visa card, it will always start with a 4, while Mastercards generally start with a 5-although in 2017 Mastercard started issuing some of its numbers starting with 2. Here are starting numbers for major credit card issuers in the United States.

Detailed explanation-4: -The first digit indicates the provider: Mastercard numbers start with a 2 or 5. Visa card numbers start with a 4. American Express numbers start with a 3.

Detailed explanation-5: -MasterCard account numbers must always start with the number “5.” The first four digits of the card number must be the same as those printed directly below (pre-printed BIN).

There is 1 question to complete.