Bin Ranges for Credit Cards - Why are there so many variations?

In order to understand bin ranges for credit cards, you have to realize what they can do for you. The term "bin" stands for; Bank Identification Number. This is the first six digits on a charge card. It could be a credit, gift, debit, prepaid, or even a diner's card. When these numbers are used, it opens up some of the personal information attached to the card.

This type of security is used to help business owners fight against fraud and/or identity theft. The numbers are sent through a database, which makes sure the information is valid. If something doesn't match then the card will be declined. It's a system that can only help a business.

Bin ranges for credit cards help differentiate the brand logo, as well as the card being used. For instance, if you own a Visa, the first two numbers begin with 40 to 49. Individuals with MasterCard, Discover, or AMEX will never have cards beginning with these numbers.

Each bin range constitutes the category of cards that is offered. Here are a few examples Visa uses:

* 40 - McCoy Federal Credit Union VISA debit card
* 40 - NAB Visa Debit Card (Australia)

* 41 - Pennsylvania State Employees Credit Union (PSECU) Credit Card
* 41 - Citibank (American Airlines) Visa Signature Credit Card

* 42 - Commercial Bank, Sri Lanka - VISA Debit (Electronic)
* 42 - Chase Bank USA VISA Business Credit Card

* 43 - Plains Commerce Total Visa, Small Credit Limit, Credit Repair Card
* 43 - Barclay Card India

* 44 - BRE Bank (CZ) - mBank Visa Electron
* 44 - Union Bank & Trust Company Visa debit card

* 45 - Canadian Imperial Bank of Commerce (CIBC) Visa & MBNA Quantum Visa Credit Cards
* 45 - Banco Popular de Puerto Rico - Visa credit and debit cards

* 46 - First Tech Credit Union Check Card
* 46 - Andhra Bank Visa Debit Card (India)

* 47 - JPMorgan Chase Bank N.A.
* 47 - Vision Banco Visa Debit Card (Paraguay)

* 48 - Capital One - Visa Platinum Credit Card
* 48 - Sony Finance International, Japan, Dual Currency JPY/USD C.C.

* 49 - Barclaycard VISA Credit Card, Germany
* 49 - Lloyds TSB Visa Debit Card

The bin ranges for credit cards are more complex than two numbers alone. When you take a closer look, some variations have as many as 3 of the same numbers before tapering off into their own set. When it comes to the credit card company, these are different to keep everything organized and to offer added security.

When a purchase is made with a card, reputable sites will send the number through the bin ranges lookup database. Anytime there is different information from what is on the credit card, the transaction will be denied. We mentioned this earlier, but it's important to remember.

Bin ranges for credit cards can help each business provide a better security blanket for consumers. They can also help business owners stay away from having to deal with fraudulent purchases, which will eventually cost you money.