Current location - Trademark Inquiry Complete Network - Overdue credit card - What does it mean to cash back overseas credit?
What does it mean to cash back overseas credit?
The user has swiped the card to spend money, and the merchant has initiated the collection from the bank, but the transaction has not been approved by the banking system.

According to my love card network, the overseas credit cashback account refers to the user's credit card consumption, and the merchant initiated a collection from the bank, but it was not recognized by the banking system. Credit card is actually a credit card, which is a credit certificate issued by a commercial bank or credit card company to eligible consumers.

It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back.

Users with credit cards can go to special commercial service departments for shopping or spending, and then banks can settle accounts with merchants and cardholders. The cardholder can overdraw within the prescribed limit, and the credit is the direction of the balance, which generally reflects the source of the debt account.