Credit card swiping 6 times is free of annual fee, and swiping 6 times a day is enough.
There is no time limit for swiping credit cards. Users can swipe their cards six times in a year or six times in the same day. As long as the number of swipes meets the requirements, the system will automatically waive the annual fee. Of course, if you swipe your card six times a day, it is not recommended to spend it at the same merchant, otherwise it may trigger the bank's risk control, and the bank will think that the user is suspected of cashing out.
As for users spending their cards in different businesses, it is ok to swipe their cards many times a day, and diversification of consumption will not trigger the bank's risk control.
In most cases, citizens with full civil capacity (citizens aged 65-438+08 in Chinese mainland) who have a certain direct source of income can apply for a credit card from the issuing bank. Sometimes, legal persons can also act as applicants.
The object of applying for credit card can be divided into units and individuals. Applicants should be organs, enterprises and institutions, foreign-invested enterprises and individual industrial and commercial households with independent legal personality in China. When applying for a credit card, each unit can get a main card and multiple (5- 10) supplementary cards as needed. Individuals applying for credit cards must have a fixed occupation and a stable source of income, and provide guarantees to banks. The forms of guarantee include personal guarantee, unit guarantee and personal fund guarantee.
The application method is generally by filling in a credit card application form, which generally includes the applicant's name, basic information, economic situation or income source, guarantor and its basic information. And submit some copies of certificates and vouchers to the issuing bank. After filling in the application form truthfully, the customer shall submit the completed application form and relevant credit certificate. A credit card contract is attached to the application form. The applicant authorizes the issuing bank or relevant departments to investigate the relevant information, and submit the information authenticity statement and the privacy protection policy of the issuing bank. , and must have the applicant's autograph.
After receiving the application form and related materials submitted by the applicant, the issuing bank shall review the applicant's credit standing. The contents of the audit mainly include whether the contents of the application form are true, evaluating the credit degree of the applicant, and auditing the relevant information of the personal guarantor.
Usually, the bank will review the information and economic situation of the applicant according to the application materials to judge whether to issue a credit card to the applicant. The factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc. The specific factors and process of the issuer's audit are trade secrets, which are generally difficult for the outside world to understand. Different card-issuing banks have different standards. Therefore, the same materials may have different credit lines and different types of credit cards in different banks, and even some banks will pass the examination and some banks will refuse to issue them.
What is the algorithm for swiping a credit card six times a year?
1. Credit cards are swiped six times a year, which means that no matter how much money is spent, each swipe counts as the number of consumption, and the number of consumption reaches six times. When you get a credit card, it should be a letter with the date of your card verification. It will be one year by today next year.
Second, generally speaking, many e-commerce websites access the credit card payment port to pay the bank, which is also one of the sources of income of the bank, so most banks will use the number of online payments as the number of credit card swipes, such as China Merchants Bank, Bank of Communications and China CITIC Bank.
However, some banks don't count online payment by credit card as the number of credit card swipes. They only admit to swiping cards offline. Even if you swipe your credit card online, you can't meet the requirement of free annual fee, so you still have to swipe your POS machine offline.
It should be reminded that some banks will not give you points even if they count online payment by credit card as the number of swipes. Unless you get a card similar to Taobao Credit Card and JD.COM Co-branded Card, you will get points for using this card on Taobao and JD.COM. In addition, some banks require that only transactions with points can be counted as the number of swipes. Please consult the credit card issuing bank for details.
Third, the consumption mode of using credit card is basically the same as that of using debit card, but there are some small differences. When using a credit card, please follow the following methods:
1. When swiping your card, please don't put your credit card away from your sight to avoid misuse or theft;
2. Don't sign a blank or unfilled bill at will;
3. Before signing, please be sure to confirm whether the amount listed in the signed bill is correct, and pay attention to whether the consumption currency and the amount expressed in words and figures are correct;
When using a credit card, you must sign to confirm the consumption. Generally, you don't need to show your ID card or enter your password. However, please cooperate in the following situations:
Due to the operating standards, POS machines in some cities still need to enter passwords. Please enter 6 digits at will. If you spend a lot of money or buy goods that are easy to realize, it is recommended that you enter an accurate ATM private password.
5. When the transaction needs to be rewritten or cancelled due to the wrong signing, please ask the merchant to tear up all the original signing and keep the return voucher given by the merchant to avoid future occurrence;
6. After signing the bill, please confirm that the credit card returned by the salesperson of the special merchant is indeed his own credit card;
7. After the transaction is completed, please keep the root contact of the signing cardholder for checking with the credit card statement sent by the bank.
Extended data
If you want to know whether the credit card has been swiped enough times to avoid the annual fee, you can inquire in the following ways:
1. Telephone inquiry: directly dial the 24-hour service hotline on the back of the credit card and transfer to manual customer service inquiry;
2. Online inquiry: log in to the credit card official website, find out your issued bills and outstanding bills, and add up all the credit card swipes in it to know the total number of credit card swipes.