Because the credit card application is approved by post, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from being stolen, credit cards have card opening procedures before they are officially opened.
Card opening is mainly through telephone or internet. , check the relevant personal information provided at the time of application, and go through the card opening procedures after meeting the requirements. At this time, the applicant becomes the cardholder and can officially start using it after signing on the back of the card.
After a credit card is opened, it is generally necessary to set a password for the card. After accepting a credit card, a credit card merchant or bank shall review the validity of the credit card and the identity of the cardholder.
Extended data:
According to the Notice on Issuing the Measures for the Administration of Credit Card Business:
Article 11 After receiving a credit card, a unit or individual shall deposit a reserve fund with the issuing bank as required.
Article 12 An issuing bank may require an applicant to provide a guarantee according to his credit status. The guarantee method can be guarantee, mortgage or pledge.
Thirteenth credit card deposit interest, according to the deposit interest rate and interest calculation method stipulated by the People's Bank of China.
If the time deposit is pledged, the time deposit shall be calculated according to the time deposit interest rate and interest calculation method stipulated by the People's Bank of China.
Article 14 The credit card reserve absorbed by the issuing bank and the deposits pledged by time deposits shall be deposited in the local branch of the People's Bank of China according to the prescribed proportion.
Article 15 A card-issuing bank shall establish an authorization examination and approval system.
When a cardholder uses a credit card for transfer settlement and cash withdrawal, he must obtain the authorization of the issuing bank if it exceeds the prescribed limit.
Sixteenth corporate card holders are not allowed to withdraw cash from bank outlets and ATMs in different places and within the city where the card is received.
Article 17 Cardholders may overdraw their consumption within the limits and time limits stipulated in these Measures. Gold card overdraft limit 10000 yuan, ordinary card 5000 yuan.
Article 18 The longest overdraft period of a credit card is 60 days.
Article 19 Credit card overdraft interest shall be charged at the rate of five ten thousandths of daily interest within 15 days from the date of signing the contract or the date of bank entry, and at the rate of five ten thousandths of daily interest after 15 days, and at the rate of fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount.
Article 20 The overdraft business of each card-issuing bank shall be managed according to its credit scale. Overdraft is transferred to short-term loan accounting.
Article 21 Malicious overdraft refers to the overdraft behavior of the cardholder for the purpose of illegal possession, which exceeds the prescribed limit or time limit and is invalid after being collected by the issuing bank.
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