What is the difference between VISA credit card and VISA debit card?

The main difference between UnionPay credit cards and VISA credit cards is the different credit card swiping channels. When swiping the card, the UnionPay card uses the UnionPay credit card swiping channel, while the VISA card uses the VISA credit card swiping channel. In addition, there are the following small differences:

1. ++ difference: UnionPay credit card’s ++ starts with 62, while VISA credit card’s ++ starts with 4.

2. Different logos: UnionPay credit cards have the UnionPay logo on them, while VISA cards have the VISA logo on them.

3. Use is different: As for usage, there is basically no difference in China. However, if you hold a VISA single-currency card, such as the Great Wall International Card of Bank of China, then in terms of domestic use, it is still relatively good. Troublesome. VISA's coverage area abroad is much larger than that of UnionPay, and the recognition process is also very high. However, UnionPay can now be used in many countries.

In short, cardholders will always go abroad, so it is better to apply for a VISA card. If it is used domestically or in Asian countries, a UnionPay card is enough.

Extended information:

1. Guide to applying for visa credit card:

1. When applying for a visa credit card, users need to pay attention to choosing the card with visa markings on it. Credit card

2. Submit relevant supporting materials, valid identity documents, such as a copy of the civil ID card or resident military ID; proof of salary from the workplace

3. After submitting the application to the bank, Just wait for the review notification

2. Benefits of applying for a visa credit card:

The payment intermediary of visa credit card is the international VISA organization, similar to the domestic UnionPay. Shopping abroad is very convenient. As long as the merchant's POS machine has the Visa logo, you can pay with a Visa credit card.

3. Visa credit card limit:

Visa credit card is the same as an ordinary credit card. In order to get a larger limit, you need to provide valid asset certificates, such as owned properties and owned cars. and other supporting materials.

Baidu Encyclopedia-VISA Card

What is the difference between VISA debit card and credit card?

The difference between visa debit card and credit card is:

1. Different consumption methods. With a debit card, you deposit first and then spend, while with a credit card, you spend first and then pay back.

2. Debit card deposits can charge interest, but credit card deposits have no interest (quasi-credit card is a type of credit card, and its deposits have interest, but few people use this card).

3. The number of ++ digits is different. The number of digits for debit cards is 16 or 18 digits, and the number of digits for credit cards is 15 or 16 digits.

4. Credit cards have revolving credit limits, but debit cards do not.

There is almost no difference between Visa’s debit cards and credit cards issued by major banks in China.

Is it better to bring a Visa debit card or a credit card when studying abroad?

If you are studying abroad, it is best to bring both a visa debit card and a credit card, which is safer. VISA does not have a debit card, but it does have a debit card.

1. Visa Debit Card

Enjoy the convenience of paying directly through your account while getting the security protection provided by Visa.

A Visa debit card is like cash, but better than cash. Debit cards are issued by your bank or other financial institution and draw funds directly from your bank account. You can use your Visa debit card around the world to use your money conveniently, quickly and securely in face-to-face transactions, online transactions, overseas transactions and telephone transactions.

2. Bank of China Visa Debit Card

The first Bank of China card to adopt international standards, operate online, no guarantee or deposit required, no credit review required, and an account can be opened with RMB 50. The Great Wall Electronic Debit Card, a new payment tool popular across the country, was jointly launched by Bank of China and VISA International.

3. Bank of China Visa Debit Card can withdraw money in the UK and around the world:

Withdrawals can be made free of charge at 97% of ATMs in the UK, with a daily limit of 200 pounds; Withdraw cash in your local currency at over 1 million cash machines worldwide.

Payment within the UK and worldwide: Bank of China’s debit card is applicable to many merchants with the VISA logo around the world. Most schools in the UK accept Bank of China (UK) Limited Great Wall Debit Card for payment of tuition fees and related fees.

Cashback: When you use the Bank of China visa debit card to pay at multiple merchants in the UK, you can enjoy a cashback service of up to 50 pounds without paying any handling fees.

Online shopping/telephone shopping: You can use the Bank of China visa debit card for online shopping or phone shopping at any time. Bank of China also provides you with security password protection for online shopping.

4. VISA Credit Card

VISA Credit Card is a credit card jointly issued by the issuing bank and VISA International Organization. This credit card can be used at VISA authorized merchants worldwide. The credit card has the VISA international logo on it.

VISA is an international card issuing organization. VISA International is operated and managed by Visa International Service Association (Visa International Service Association) located in San Francisco, California, USA. VISA International is a non-stock, non-profit international bank card organization composed of more than 21,000 members of financial institutions around the world. Internationally, BankAmericard also had a number of other names before it was called Visa, and BankAmericard's "blue-white-gold" graphic is also used on these cards.

VISA International is one of the largest credit card and traveler's check organizations in the world.

Are bank visa cards generally debit cards or credit cards? Which bank can waive annual fees unconditionally?

All VISA single-logo credit cards of China Construction Bank are free of annual fees. If it is a VISA+UnionPay card, the annual fee must be determined based on the specific card type. There are rigid annual fees, and there are also free annual fees for the specified number of transactions.

What kind of bank card is visa?

VISA is the world's largest credit card and traveler's check organization. It mainly issues credit cards, just like our UnionPay organization, but it also issues savings. Card. However, bank cards with the Visa logo on the cards issued in our country are usually credit cards, which are jointly issued by banks and Visa International.

Card organizations mainly provide inter-bank transaction clearing for major banks to achieve interconnection between various banking systems, thereby enabling bank cards to be used across banks, regions and countries. However, it does not issue bank cards independently, but cooperates with major banks to issue bank cards with the logo of the card organization.

As long as the credit card you hold has the Visa logo printed on it, you can use the card to make purchases at merchants that cooperate with Visa around the world. Generally speaking, the principle is the same as that of UnionPay, but UnionPay only covers the country.

Credit cards with the visa logo can usually implement dual currencies on one card. The dual currencies in our country include RMB and US dollars. There are usually several different levels: regular card, gold card, platinum card and unlimited card.

Credit Cards

Visa provides its financial institution customers with a rich credit card product platform that can meet various payment needs from new credit card customers to high-end consumers, as well as large institutions. Visa's credit card platform also provides value-added services such as a personalized points return system, emergency replacement cards, travel assistance and car rental insurance, which can help card issuers increase customer loyalty and usage.

Debit Card

Visa provides a wide range of consumer debit card products targeting consumer segments in different regions and consumption levels. Visa debit cards allow consumers to use electronic payments to control funds in their own accounts, which is more convenient, safer and more flexible than cash and check payments. Visa's debit cards are divided into four major brands - Visa, VisaElectron, Interlink and PLUS.

Prepaid Cards

Visa also offers a wide range of prepaid card products, allowing financial institutions to provide consumers with rechargeable prepaid card products. Targeting consumers who have not yet opened a bank account, Visa prepaid card solutions are a safer and more convenient option than cash and checks.

Governments and companies use Visa prepaid card products to distribute medical insurance funds, medical subsidies, unemployment benefits, employee wages and other welfare benefits. Visa also offers prepaid gift cards that can be used at any merchant that accepts Visa debit products. Prepaid products better meet the needs of global travelers and provide them with electricity

Is a visa card a credit card or a debit card

1. Main types of visa

< p> (1) Credit card - Visa provides its financial institution customers with a rich credit card product platform that can meet various payment needs from new credit card customers to high-end consumers, as well as large institutions. Visa's credit card platform also provides value-added services such as a personalized points return system, emergency replacement cards, travel assistance and car rental insurance, which can help card issuers increase customer loyalty and usage.

(2) Debit card - Visa provides a wide range of consumer debit card products for consumer segmentation groups in different regions and consumption levels. Visa debit cards allow consumers to use electronic payments to control funds in their own accounts, which is more convenient, safer and more flexible than cash and check payments. Visa's debit cards are divided into four major brands: Visa, VisaElectron, Interlink and PLUS.

Visa’s latest innovations include:

Mobile payments and services – As the number of mobile devices continues to grow, Visa is working to expand its payment products and services through mobile devices. Application scope of the service.

·Visa Global Electronic Transfer and Personal Payment Service (VisaMoneyTransfer) - Visa's global transaction processing network can process and support a series of emerging new services, making it possible for funds to be transferred directly into a Visa account. Global Transfer Service is a person-to-person payment platform that enables individuals to conduct secure and fast electronic remittance services through Visa's payment network.

·E-commerce - Consumers choose to use Visa credit, debit or prepaid products for online transactions rather than other payment methods. As the world's most popular and leading electronic payment company for business payments, Visa has gained the trust of consumers to help them purchase products and services online. Visa has gained the praise and trust of consumers.

·Chip technology - Visa actively supports the adoption and promotion of EMV chip technology, including EMV contact chip technology and VisapayWave contactless technology. Based on chip technology, Visa electronic payment can be expanded to more payment environments, such as buses, vending machines and parking lots.

Payment Processing

Visa's core network - VisaNet is one of the world's largest transaction and information processing networks, helping financial institution customers, consumers, merchants, businesses and government agencies Realize the transmission of value and information. For more than 30 years, VisaNet has provided an important platform for Visa's innovation and services. Today, through VisaNet's centralized and integrated architecture, Visa provides customers with safe and reliable massive transaction processing (authorization, clearing and settlement) and value-added services. VisaNet's key features include:

Scale - More than 101 billion authorization, clearing and settlement transactions were processed through VisaNet in 2009. Rigorous test results show that VisaNet can handle more than 20,000 transaction messages per second.

Reliability - VisaNet has four data processing centers located on three continents around the world. These processing centers are fully synchronized and use a consistent authorization platform, which allows Visa to readily move transaction processing volume from one data center to another when necessary. At the same time, each of Visa's new generation data centers is equipped with multiple authorization engines, which is equivalent to a "data center within a data center." These advanced technologies help ensure the availability and processing power of the VisaNet system to meet the growing demand for electronic payments.

Security - Due to VisaNet's centralized architecture, Visa can "see" every transaction processed by VisaNet, which allows Visa to use the Visa "Advanced Authorization" service to verify every transaction. Transactions are risk-scored in real time, making it possible to proactively warn and stop fraudulent transactions before they occur.

Value-added services - Visa also provides a variety of value-added services through a global centralized processing platform, such as enhanced risk management, dispute handling, cardholder loyalty applications and other information services. For example, the "Visa Incentives Network" (VIN: VisaIncentivesNetwork) uses VisaNet's centralized processing capabilities to provide personalized points rewards based on the needs and preferences of U.S. cardholders.

What are the differences between UnionPay, VISA and JCB credit cards? What are the pros and cons of each use?

Differences:

1. UnionPay is China’s bank card organization. In other words, it is a credit card issued by a domestic bank. A joint-stock financial service institution jointly initiated and established by more than 80 domestic financial institutions.

2. VISA is one of the two largest credit card organizations in the world, and its role is equivalent to UnionPay. Visa International has more than 700 member financial institutions that issue various Visa payment tools, including credit cards, debit cards, corporate cards, business cards and purchase cards

3. JCB is a bank card organization in Japan. That is to say, it is a credit card issued by the Bank of Japan. It is the earliest high-end card brand issued in the history of the Japanese credit card industry.

Consumption:

1. UnionPay can be used to withdraw funds across domestic banks and make purchases at any merchant. Some foreign countries support UnionPay withdrawals and consumption, such as Singapore and New Zealand.

2. Visa is used all over the world. There are Visa merchants and cash machines all over the world. When going abroad, you can generally use VISA in places where UnionPay is not available.

3. JCB It is generally more convenient to use JCB cards in Japan.

Extended information:

China UnionPay was established in March 2002. It is a Chinese bank card union established with the approval of the State Council and the approval of the People's Bank of China. It is headquartered in Shanghai. .

As China’s bank card federation, China UnionPay is at the core and hub of my country’s bank card industry and plays a fundamental role in the development of my country’s bank card industry. Each bank realizes through the UnionPay inter-bank transaction clearing system It provides interconnection between systems, thereby enabling bank cards to be used across banks, regions and borders. On the basis of building and operating the UnionPay inter-bank transaction clearing system and realizing the universal use of bank cards on the Internet, China UnionPay actively cooperates with commercial banks and other industry parties to promote unified UnionPay card standards and specifications, create independent bank card brands; promote the development and application of bank cards ; Maintain the order of the bank card acceptance market and prevent bank card risks. Through the UnionPay inter-bank transaction clearing system, interconnection and resource sharing between commercial banking systems are realized, ensuring the use of bank cards across banks, regions and borders.

A bank is a financial institution established in accordance with the law to engage in currency and credit business. It is the product of the development of the commodity currency economy to a certain stage.

Banks are one of the financial institutions. Banks are divided into types: central banks, policy banks, commercial banks, investment banks, and the World Bank. Their responsibilities are different.

Central Bank: The People's Bank of China is the central bank of our country.

State-owned policy banks: including the Export-Import Bank of China, Agricultural Development Bank of China, and China Development Bank.

State-owned commercial banks: including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, Bank of Communications, etc.

Investment banks: including Goldman Sachs Group, Morgan Stanley, Citigroup, Wells Fargo, UBS, Societe Generale, etc.

World Bank: Used to finance countries' efforts to overcome poverty. Each institution plays a unique role in its mission of alleviating poverty and improving living standards.

Reference links: Bank_Baidu Encyclopedia China UnionPay_Baidu Encyclopedia

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