How long does it take for the credit card to arrive?

There are only two situations when using a credit card, one is to swipe the card for consumption, and the other is to transfer money. Under normal circumstances, the credit card payment time is It's two minutes. Credit card consumption also has a certain relationship with the POS machine used to swipe the card. UnionPay card swiping machines generally can only receive the payment the next day. Third-party card swiping machines are usually for special users with relatively large amounts, and the payment will be received within 3 days. If it is a credit card transfer, if the transfer place matches the account number provided, it will arrive within 24 hours. If it does not match or there are special circumstances, the agent bank will refund it within 24 hours.

1. The top ten "benefits" of credit cards

When we use credit cards, the bank actually advances it to the merchant first, that is, consumes it first and then repays it, and we have it on hand The cash can be used flexibly, for example, it can be placed in the bank to earn interest or invested in financial products such as funds and stocks, with at least one or two months of buffer time. Of course, you must be good at investing; otherwise, if you don’t have the money to repay when the repayment date comes, it will affect your personal creditworthiness.

1. Owe less favors

When you are in urgent need of cash to meet your urgent needs, if you are embarrassed to ask your relatives and friends, you can overdraft your credit card at this time. It's like interest, but compared to owing favors to others, I have to weigh what is more important.

2. Relatively safe

Try to swipe your card for consumption, so you can carry less cash with you - even if it is stolen or lost, the loss can be reduced. If cash is lost, the possibility of getting it back is slim; but credit cards are different. Even if they are stolen or lost, we can report the loss as soon as we find out. Even if your credit card is stolen without a password, it will be difficult to trace it. It's much easier - because every credit card swipe is recorded, not to mention, the bank will bear the losses 48 hours or even 72 hours before the loss is reported. In addition, if you spend cash, you may get counterfeit money at some point

3. Clean and hygienic

With large cash flow, you can imagine the bacteria on the coins, and The credit card has been touched by several cashiers besides you - even if the credit card is dirty, it can still be disinfected and cleaned.

4. Save money

Many banks’ credit cards have cooperation or promotions with merchants. For example, you can get cash back as much as you swipe the card, or you can go to a movie or eat out. There is a 20% or 50% discount on Western food. In addition, credit card points can also be redeemed for some gifts in daily life, and there are even some lottery activities.

5. Convenience

If the credit card has the "VISA" or "MasterCard" logo, you can directly swipe the card for consumption abroad, while the debit card or cash must be exchanged first; in addition, It is also very convenient to use a credit card to book air tickets and hotels, make phone or online purchases, rent a car, etc., but a debit card may not have this advantage - because in addition to direct swiping, the credit card also has a "pre-authorization" function; and it does not exist. The embarrassment of changing change.

6. Relieve financial pressure

If there is a certain amount of financial pressure to pay a relatively large amount of consumption at once, you can use a credit card to pay in installments and enjoy your favorite items in advance; although You need to pay a certain handling fee, but compared to the intangible value of being able to enjoy it for half a year or even a year in advance, I think it is worth it. Of course, you should spend within your means in advance.

7. Accumulate personal credit records

Using more credit cards and repaying them on time and in full can improve your credit limit and credibility. At the same time, the People's Bank of China's personal credit information database has Once you have a good credit record, it will be much easier to get approved for a loan to buy a house or a car in the future.

8. Apply for an additional card

If you apply for an additional card for your family, especially for your children, you will basically have a grasp of their financial status such as consumer spending, which will facilitate education. Children’s financial management and consumption awareness.

9. Convenient financial management

After the credit card statement date, we will receive a detailed consumption statement in the form of paper or email. From the statement, we can clearly understand our own expenses in the previous month. consumption and expenditure.

10. Additional benefits

Some credit cards also provide free accident insurance, medical insurance, towing and car washing, enjoy the services of banks or airport VIP lounges, and can also redeem points for flights and exchanges. Gas and other benefits.

2. Seven "disadvantages" of credit cards

The invention of credit cards did not have "disadvantages", but the "disadvantages" of credit cards were caused by the fact that some people who use them "don't know how to use them" , just like a knife, "good guys" use it to chop wood, but "bad guys" use it to kill people.

1. Blind consumption

Swiping a card is not like spending money one by one like paying with cash. Once you swipe it, you feel nothing, just a few numbers, which leads to blind consumption and spending money like this. Running water. However, can you be irrational about what you should buy and what you should not buy?

2. Excessive consumption

Laptop installment, digital camera installment, smartphone installment, while enjoying your favorite items in advance, you also have to consider when repaying the loan next month Is your salary just a drop in the bucket?

3. High interest rates

If you don’t know how to take care of your credit card and cannot repay as scheduled when the final payment date comes, the bank will charge a certain interest fee to avoid greater risks. I only have myself to blame.

4. Annual fees are required

Credit cards basically have annual fees, but they basically have annual fee-waiving policies. For example, China Construction Bank only needs to pay three times a year to waive the annual fee. ; On the contrary, the debit card has received small fund management fees since 2006, and it will cost ten or twenty yuan a year. If you apply for a credit card and you can't do it or don't know how to use it three or five times a year, then the bank should charge you an annual fee.

5. Fraudulent use

Credit cards are basically password-free by default. This makes it easy for others to use stolen money when it is lost or stolen, causing unnecessary trouble or loss; but in fact, credit cards can also apply for swiping purchases with passwords - it depends on how you manage your credit card.

6. Impact on personal credit record

Long-term malicious arrears will naturally affect personal credit record, and may even be blacklisted by banks. It will be difficult to obtain loans from banks to buy houses and cars in the future. ——But if you didn’t ask for it, it means you don’t know how to manage money yourself.

7. Repayment troubles

You have to go to the bank every month, which is often overcrowded; in fact, now as long as you have a savings card that opens online banking, you can do it for you through the Internet without leaving home. You can repay your credit card for free, such as through Kuaiqian and Tenpay.

Criminals take advantage of acquaintance relationships on social networks to make cardholders relax their vigilance. The purpose of asking for photos of the front and back of the credit card is to obtain the credit card number, expiration date, and the last three digits on the back of the card, because these three pieces of information can already be used for online payment.

So, what other information on your credit card should not be leaked, and how to avoid falling into the trap of criminals?

(1) Do not easily send key information such as credit card number, password, last three digits on the back of the card (credit card security code CVV2), expiration date, dynamic code, etc. in any social network.

(2) If fraud occurs, you can quickly go to a nearby ATM to check or withdraw cash, and keep the receipt to prove that neither the card owner nor the credit card belongs to the location where the fraud occurred, but was stolen by others. .

How long does it usually take for the credit card to be credited?

If the cardholder uses the credit card after 11 pm, the credit will generally be credited within two days. Different POS machines have different regulations on the specific time. Currently, POS machine consumption can be credited on day t, which means the account will be credited on the same day, or on day t1, which means the credit will be credited the next day after the card is swiped. It should be noted that eleven o'clock is a sensitive time that banks are more concerned about. Most shops and places for consumption are closed at eleven o'clock. If users frequently swipe their cards at eleven o'clock in the evening, banks are likely to carry out risk control.

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According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a bank that records relevant information about the cardholder's account, has bank credit limit and overdraft functions, and is Various media that provide cardholders with related banking services.

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 card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

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 prescribed credit limit. The so-called credit card generally refers to a credit card only.

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.”

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit limit.

When can I get credit by swiping a credit card?

Generally, purchases made by swiping cards at POS machines on the UnionPay network will be credited to the merchant's account on the second day, but sometimes it also depends on the account opening of the merchant. Whether the bank is the bank that opens the POS machine's account?

If it is the same bank, the account will be available the next day. If it is another bank, it will need to be cleared by UnionPay, which usually takes 2-3 working days. Can be credited.

As for consumers (credit card holders), after swiping the card for consumption, the account is usually debited the next day. Transaction details will be displayed.

1. Pay for other people’s consumption

The safest way to cash out your credit card is to help them pay for their purchases with your credit card when shopping with relatives and friends, and then ask them to give you cash. . This method does not require additional fees, and many people will use this method to cash out.

2. Cashing out personal purchases of POS machines

Currently there are many personal POS machines for sale on the market, and hand-swiped POS machines are also sold online. The operation of personal hand-swiped POS machine is relatively simple. You only need your ID card, name, and merchant name to open and register yourself. Bind a debit. You can use this mobile POS machine to collect money by swiping debit cards and credit cards. , the handling fee is generally 0.6%-0.7%.

3. Cash out from merchant POS machines

Cardholders cooperate with merchants or certain "loan companies" and "intermediary companies", and cardholders obtain the cash by paying merchants handling fees. Cash out. Generally, the merchant's POS machine is used to conduct false transactions and the amount on the credit card is transferred. The merchant or "loan company" or "intermediary company" pays the cardholder in cash on the spot. The handling fee is usually 1%, and the price can also be negotiated.

4. Remote Cash Out via QR Code

As long as the credit card is bound to WeChat or Alipay, scan the QR code recommended by the merchant to enter the cash amount, bind the card and pay. The other party will then transfer the funds back to the cardholder's other bank account. In fact, you can create your own QR code for payment. Some APPs such as Leshu, Ruishu, Scanbei Pay, etc. can automatically generate your own QR code for payment, and the rate is generally 0.35%-0.5%.

Extended reading: How to cash out credit cards through Alipay

Your question is divided into two. First, how to cash out credit cards through Alipay. 2. How to make installments after withdrawal.

1. Apply for two or more Alipays. One of them needs to be certified (that is, Alipay can be withdrawn to the bank). Recharge Alipay through a credit card, then use Alipay to pay to another Alipay account, and then withdraw cash. come out.

2. After withdrawing the cash, you still cannot make installments. You can only use the above method before the final repayment date, and then withdraw the money to pay back the credit card amount.

This is the end of the introduction about how many days it takes for a credit card to be credited and how long it takes for a credit card to be credited. Have you found the information you need?