Yes.

When using a credit card to pay online, you need to enter the card number, credit card validity period, Visa CVV2 code/MasterCard CVC2/UnionPay CVN2 number next to the signature column on the back of the card, and online transaction password. Sometimes you need to enter your name and website. Randomly generated verification codes, etc. After the input is completed, click Submit to complete the online payment.

Extended information

Notes on using credit cards

1. Credit card repayment methods

1. Within the card issuing bank

This method includes: card issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Transfer/remittance repayment

It is mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

3. Online repayment

The more common domestic online platforms include: UnionPay Online, Kuaiqian, Shengfutong, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

2. Credit card payments must be made in a timely manner

Cardholders should pay special attention to the last repayment date of their credit cards. The last repayment date is the last day of the interest-free repayment period. Before that, Repayments are interest-free. If overdue, all consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day the consumption occurs. The daily interest rate is 0.05%, calculated and collected on a monthly basis. Compound interest, plus late fees.

So when using a credit card, you must repay it in time, otherwise it will cause overdue payment. Consequences of overdue payment:

1. Liquidated damages will be incurred, which is usually 5% of the minimum repayment amount and the unpaid portion.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Baidu Encyclopedia-Credit Card