What are the benefits of credit cards?
Benefits of credit cards: It can relieve financial pressure; online consumption is convenient and fast; it can accumulate personal credit history. Using a credit card and paying back your loan on time can increase your credit limit.
This saves money. Many banks cooperate with merchants for their credit cards. For example, there will be cash back discounts for swiping your card, and there will be discounts for eating, watching movies, supermarket shopping, filling gas, car washes, etc. In addition, credit card points can be redeemed for some gifts in daily life, and even some lottery activities, and the points can be used as money.
Relieve financial stress. Sometimes money is needed urgently and there will be a certain amount of financial pressure to pay a large amount of money at once. If you have a credit card, you can use it to pay in installments and enjoy your favorite items in advance. The remaining money on hand can also be used for daily expenses and turnover.
Online consumption is convenient and fast. Many online malls or Taobao stores have opened credit card payment methods, catering to consumers' preference for using credit cards for consumption. Although there are no points for credit card online purchases, its convenient and fast payment method is liked by many people.
Accumulate personal credit history. Even if there is no big turnover demand, it usually costs money. If you use more credit cards and make your payments on time, you can increase your credit limit and credit rating. You will have a good credit record in the personal credit database of the People's Bank of China, and it will be much easier to get approval for a loan to buy a house or a car in the future.
How to use credit card to pay phone bill? How to pay phone bill with credit card?
The scope of use of credit card can be said to have covered all aspects of life, whether it is online shopping, shopping in shopping malls, eating in restaurants, etc., as long as there is You can pay by credit card at the POS machine, or even pay the phone bill. Here I will share with you how to pay your phone bill with a credit card.
There are three ways to pay phone bills by credit card, which can be applied to any phone card, such as China Telecom, China Mobile, and China Unicom. Since you are using a China Mobile card, we will use mobile phone bills as an example.
1. Use a credit card to withdraw cash for cash payment
This is the stupidest way. Although a credit card can not only overdraft consumption, but also withdraw cash, cash withdrawal is not free. , in addition to charging handling fees, interest will also be calculated on a daily basis.
So it is very uneconomical to withdraw cash and then pay the phone bill, and this practice is not recommended.
2. Go to the business hall to pay the phone bill by swiping your card
Some business halls have 3G experience halls or mobile self-service systems. You can bring your credit card and pay the bill directly by swiping your card. However, generally Only business offices in urban areas have this kind of system. This method is very limited in area and is not very applicable.
In addition, some large business halls will have POS machines. You can go to the counter to recharge manually, and then just swipe the POS machine directly when paying.
3. Payment at online business halls or third-party platforms
China Mobile, China Telecom, and China Unicom all have their own official websites. Users can directly use credit cards to recharge on the official websites. The method is to For the recharge business, enter your mobile phone number and the amount to be recharged, then select credit card payment when paying, and just follow the prompts.
In addition, you can also pay on third-party platforms such as WeChat and Alipay. The recharge method is to enter your mobile phone number and recharge amount, then select credit card payment and follow the prompts to recharge.
You can use the above methods flexibly according to the actual situation. If there are other good methods, you are welcome to come and share!
Where can credit cards be used?
A credit card refers to a non-cash transaction method of payment. It is a consumer credit service provided by the card-issuing bank to the cardholder.
At any merchant with the UnionPay, VISA or MasterCard logo, cardholders can use their credit cards to make purchases, such as supermarkets, hospitals, shopping malls, restaurants and other places. In addition, there are POS machines. Card payments can also be made at places.
Credit cards do not require any handling fees in China, Hong Kong and Macao, but the coverage of UnionPay credit cards is not high in European and American countries.
So if you want to travel abroad, you need to bring VISA credit card and MasterCard credit card.
It is worth mentioning that in addition to using credit cards for consumption, you can also withdraw cash. The cash withdrawal limit is 30% or 50% of the credit limit.
You only need to pay a certain handling fee and interest to withdraw cash. Each bank charges different fee standards, but the interest is calculated based on a daily interest rate of 0.05% per day.
Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Main features
1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range;< /p>
2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;
3. Credit cards are high-tech products that integrate financial services and computer technology.
4. Credit cards can reduce the use of cash;
5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;
6. Credit cards It can simplify the collection procedures and save social labor;
7. Credit cards can promote product sales and meet social needs.
Financial Management Strategy
1. Control the number of credit cards and only have enough.
Once there are too many credit cards, it is easy to make mistakes or forget the repayment date of the card. Issues such as the credit limit of that card are difficult to manage and can easily lead to late repayments and leave a bad record. Moreover, if you swipe multiple cards to earn points, the points will be too scattered and it is not conducive to redeeming gifts. Therefore, it is recommended that only 1 to 2 credit cards are enough.
2. Keep the credit card receipts
Most credit card holders do not care about the receipts and will not keep them. Most of them throw them away. This is a very bad habit. In fact, retaining credit card vouchers not only facilitates the monthly summary of consumption records to analyze and optimize consumption habits, but also helps improve the rationality and transparency of credit card consumption, so that the card can be swiped clearly. And many people do not set passwords on their credit cards. Discarding the credit card credentials at will may lead to theft of the credit card.
For security reasons, it is best to keep the credit card receipt after swiping the card to make yourself aware of it and develop good credit card financial management habits.
3. Reduce cash withdrawals
Credit cards have two functions: overdraft and cash withdrawal, but cash withdrawals require a certain percentage of handling fees, and even if you deposit your own money into it, you will be charged. Therefore, it is not cost-effective to use or use it as a passbook.
What consumption cannot be used with credit cards
Credit cards cannot be used in non-consumption areas such as production, operation, investment, etc. For example, if a credit card is illegally cashed out and used to purchase financial products, stock trading, funds, etc., these all belong to the investment field, and credit cards cannot be used for investment. Once the bank detects a user's illegal operations, the user may experience credit card reduction, card blocking, etc.
Since the bank's risk control is relatively strict, it is very easy to be discovered once users perform illegal operations.
Credit cards are based on Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": Credit cards refer to records of cardholder account information, have bank credit lines and overdraft functions, and provide cardholders with relevant banking services. various media.
Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. December 1, 2017, "English Translation and Writing Standards in the Public Service Field".
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when purchasing, and repayment will be made on the bill date
Credit cards are divided into credit cards and quasi-credit cards A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit before repaying; a quasi-credit card refers to a cardholder who deposits a certain amount of reserve fund as required, and can use it as a reserve fund. It is a quasi-credit card that can be overdrafted within the specified credit limit when the balance in the gold account is insufficient for payment.
The credit card generally refers to a credit card.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”
The difference between business cards and credit cards
The differences between business cards and credit cards are:
1. The service groups are different. Commercial cards are issued to businesses and provide financial reimbursement, business expenses and other services; while credit cards are suitable for all people and have a wide range.
2. Business cards do not have supplementary cards, while credit cards have supplementary cards;
3. Commercial cards can choose individuals or companies as repayers, while credit cards can only be repaid by individuals;
4. The annual fee for a commercial card is paid by the company, while the annual fee for a credit card is paid by the individual.
Instructions for business card holders:
1. Credit card deposit
About the credit card deposit (the face value includes a 10 yuan deposit) can be found at For one-time consumption at specially designated merchants, once the card is used for deposit, the card will be recycled by the merchant regardless of whether the deposit has been consumed; please do not damage it and keep the card surface clean. For bad or damaged cards, the company will not recycle them and cannot use them for consumption.
2. Card return and card replacement
With a deposit of RMB 10 from the face value of the card, cardholders can not only use it for consumption, but also go to the management center to handle card return procedures; Cardholders can go to the management center to register a bad card; it will take 10 working days to replace a new card; if the card surface is stained or the chip is damaged due to poor storage by the user, the cardholder needs to pay the cost of the new card. (During the validity period) The card must be used within the validity period. For expired cards, the company charges an information and system maintenance fee of 5 yuan per card per month. This fee is deducted directly from the remaining face value of the expired card and the deposit. Cardholders bring their cards to the management center to go through card replacement procedures and pay a service fee of 10 yuan per card. The balance after deducting information and system maintenance fees is injected into the new card. The new card is valid for one year (from the date of card replacement)< /p>
3. Handling of faulty cards
Cardholders can go to the designated location to replace the card with a new one; cardholders can inquire about the card replacement location through the customer service phone number on the back of the card. It takes 10 working days to replace a new card; if the card surface is stained or the chip is damaged due to poor storage by the user, the cardholder needs to pay the cost of the new card. (During the validity period)
4. Processing
The commercial card can be used to pay for goods or services at its franchised merchants. Disputes arising from reasons such as the quality of goods or services shall be resolved through negotiation between the merchant and the cardholder. Due to factors such as information management system, terminal, commercial card quality, cashier's improper operation, etc., the cardholder's interests are damaged, and the management center, merchant and cardholder shall negotiate and resolve the matter.
Are credit cards accepted nationwide?
It is applicable nationwide.
However, there is no difference between swiping cards in other places and doing it locally. There are no handling fees. The handling fees for cash withdrawals vary from bank to bank, so it’s hard to say.
Credit card repayments made to our bank at bank counters across the country are free of charge. This means that as long as you have a credit card, you can go anywhere in the country to spend money and repay money wherever you want (as long as there is a business outlet of your credit card issuing bank), without spending a penny more.
This concludes the introduction to the applicable scope and types of credit cards. Have you found the information you need?