What are the credit card payment methods?

Currently, the main payment methods for credit cards on the market include POS machine payment, third-party binding payment, UnionPay quick payment, and mobile payment.

1. Pay by swiping the card at the POS machine

This traditional credit card consumption method allows you to complete the payment by swiping the card through the POS machine, entering the password and signature. This type of payment is generally completed through UnionPay centers. The hand-swipe machines currently on the market are also traditional POS machine channels.

2. Third-party binding payment

This method is now the most popular. It binds credit cards to third-party payment platforms and completes payment settlement by scanning QR codes. Nowadays, payment methods such as WeChat and Alipay are used more frequently, and third-party channels are used.

3. UnionPay Quick Payment

Unlike online payment, UnionPay Quick Payment does not need to be bound to any platform. You only need to enter your credit card, account name, mobile phone number, and security on the payment page. code and other new information, and then send a dynamic password. If you enter it correctly, you can pay successfully. This is usually done through the UnionPay channel.

4. Mobile payment

Currently, mobile payment is also a relatively popular method. Currently, Applepay, Huawei pay, Xiaomi pay, etc. are available. Taking Applepay as an example, the credit card is first bound to the mobile phone. When the user makes a purchase, the mobile phone and Cloud Quick Pass function are turned on, and payment is made through NFC at POS terminals and other terminals.

How to use credit card to make purchases?

1. You can go to physical stores for consumption, as long as there is a POS machine.

2. You can bind Alipay or WeChat for consumption, and you can also shop online.

Generally speaking, POS transactions at designated credit card merchants or online shopping on designated websites are considered consumption. Specifically:

(1) Credit card payment for medical treatment: If the hospital uses POS, it is generally calculated based on consumption. But if there is an ATM in the hospital, then you can withdraw cash by paying a fee at the ATM.

(2) Paying mobile phone bills is considered a transfer, not consumption. It means transferring money from your account to China Mobile (or China Unicom or China Telecom). The transfer is regarded as a cash withdrawal.

(3) Electricity purchase, same as above. Transfer to the power company, the transfer is treated as cash withdrawal.

(4) Pay membership fees online. Dual-currency credit cards can be used for online transactions on domestic and overseas websites. If you follow the general online shopping method when making a transaction, it will be counted as an online transaction, and the online transaction will be counted as consumption. But if it is an online transfer, it is regarded as a cash withdrawal.

(5) Online shopping is regarded as consumption.

(6) Paying the annual Internet fee online and transferring funds are regarded as cash withdrawals. To sum up, under normal circumstances, shopping using POS is counted as "consumption", and online shopping is counted as "consumption". Among the consumption parts, points can be enjoyed for parts other than online consumption, house purchase, car purchase, wholesale, charity and other consumption transactions of merchants deemed by the bank as not being able to accumulate points.

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How to swipe a credit card correctly?

Credit cards are a consumption tool that we often use in our lives. For example, you can use credit cards when visiting supermarkets, buying tickets, going out to eat, etc. However, some people may also ask: How to use credit cards correctly and beneficially? What about increasing the amount?

The following is a summary of three aspects:

1. Try to diversify consumption methods.

Credit card swiping fees are an important source of business income for banks. Like installment business fees, banks also hope that cardholders will swipe their cards more, but they cannot swipe randomly. It is recommended that you keep the total credit limit at about 10 per credit card swipe. Don’t spend all your money in one go, but make small purchases at multiple merchants.

2. Do not swipe your card at inappropriate times.

Some people like to swipe tickets for movie theaters in the middle of the night, or swipe POS machines at breakfast restaurants at night. These are taboos. If abnormal credit card swiping is detected by the bank, a system warning will be triggered, and in severe cases, the credit limit will be directly reduced.

3. Do an appropriate staging.

Banks are profitable enterprises. If a cardholder has a high credit limit but does not use the card for a long time, the bank will also reduce the credit limit. Similarly, if our limit is very low but we make installments every time, the bank will be happy to increase the limit.

In addition, there are some details that we need to pay attention to: for example, do not lend your credit card to others, do not use third-party non-compliant POS machines, do not transfer repayments in the name of others, etc.

How to spend with a credit card

When the cardholder is making a purchase, he or she can directly swipe the card at the POS machine of a merchant that supports credit cards. You can also bind third-party applications, such as Alipay, WeChat, etc., to pay for consumption with a credit card.

The method of swiping a credit card is:

1. Give the credit card to the cashier of the merchant, and the cashier will take the card and swipe it on the POS machine.

2. The cardholder enters the credit card password.

3. POS will automatically print out the transaction voucher.

4. The cardholder signs the transaction voucher and the transaction is completed.

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.

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. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

How to spend with credit card

1. Spend with card in physical stores

For example, supermarkets, shopping malls, hotels, restaurants, hospitals, train stations, airports and other places, that is, Wherever there is a POS machine, you can swipe your credit card to make purchases.

With the development of the Internet, cashless consumption is now advocated. In these places, you can also use Alipay or WeChat wallet for consumption. This is the next consumption method. Generally, all merchants marked with "UnionPay", "VISA" and other logos support credit card payments.

2. Bind Alipay or WeChat for consumption

Take Alipay as an example. After checking in to Alipay, click Add Bank Card to bind your credit card to Alipay. Similar to WeChat, in When making purchases in shopping malls or other places, use Alipay or WeChat to pay, and then select this bank card to complete the consumption using this credit card.

3. Online consumption

If your credit card has opened online banking, then one of them is using Taobao, Vipshop, Meituan and other online payment software or some websites such as When purchasing air tickets on the airline's official website, you can directly choose to pay with a bank card, so you can also use this credit card to make purchases. Or bind Alipay and perform payment operations on the corresponding software. After using your credit card for 6 purchases, the annual fee for that year will be waived. Generally speaking, as long as you maintain normal loan repayments and do not overdue, there will be no other fees except the annual fee.

Four. Of course, credit cards all have a borrowing limit. This credit limit is dynamic and will fluctuate slightly according to your credit situation every month. If your credit is good, the limit may be increased. If your credit is not good, the limit may be increased. If it is good, the amount may be reduced. When using a credit card, you must make sure that all purchases are within this limit, that is, the money consumed cannot exceed this limit, otherwise it will not be able to be used. In addition, you must clearly understand your financial level and spend wisely. Do not overdraft your credit card every time. This will easily lead to the failure to repay the loan in time, which will lead to bad credit records. Too many bad credit records will cause It will affect your subsequent credit card borrowing and loan application at the corresponding bank.

This is the end of the introduction about how credit cards are swiped and what swipes are used to swipe credit cards. I wonder if you found the information you need?