I have forgotten my Security Code that I need when purchasing itunes. Is there any way to retrieve it?
What "security code" are you referring to? Do you mean the security questions?
Or are you referrring to the two-step security authorization?
When purchasing itunes my credit card info is saved but asked for security code. Is this the code on the back of the credit card or some other code?
That would indeed the security code on the back of the credit card. You will need the card in hand to get that code.
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