Are credit cards currency? Explain why.
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Credit card is a credit currency, a payment tool that relies on the credit of consumers. The definition of currency is commodities that are separated from commodities and serve as general equivalents. The essence is a commodity. Therefore, credit cards are not general equivalents and are not commodities.
Are credit cards currency?
Credit cards are currency and are electronic money among credit currencies.
Electronic money is one of the forms of credit money. It uses computers or stored-value cards to conduct financial transactions and payment activities, such as various credit cards, stored-value cards, electronic wallets, etc. . Currency deposits can also be replenished with the help of computers, ATMs or telephone operations.
Forms of credit money:
1. Promissory note
In commodity credit transactions, when a capitalist purchases a certain commodity, he only needs to issue a fixed-term The debt certificate for repaying the debt is handed over to the other party. At maturity, the holder can claim cash from the drawer based on the face amount of the note.
2. Bank notes
Bank notes generated on the basis of the circulation of commercial bills and guaranteed by bank credit are also a kind of credit currency.
3. Checks
Checks have become the main form of payment of debts instead of currency and transfer settlement between depositors.
4. Auxiliary coins
Auxiliary coins are mostly made of base metals, are generally issued exclusively by the government, and are cast by specialized mints.
5. Banknotes
Banknotes are issued by a country’s central bank, and their main function is to provide people with the means to purchase daily necessities.
6. Bank deposits
Deposits are depositors’ claims against banks. For banks, this currency is debt currency.
7. Electronic money
Electronic money usually uses computers or stored-value cards to conduct financial transactions and payment activities.
Extended information:
Notes on safe use of credit cards:
1. Learn the correct posture for swiping credit cards!
First of all, you should carefully set the password for silver card payment. Do not use simple numerical arrangements, ID numbers, birthdays, phone numbers, etc. as passwords to prevent them from being deciphered by criminals. Secondly, when swiping a card for consumption, you must be "eyesighted" to ensure that the card is within your sight. When entering the password, you should block the operation to prevent criminals from peeking.
2. Be careful when third-party intermediaries handle credit cards!
Bank of China has not entrusted a third party to handle any credit cards. The card information you hear and see, especially the high-value card information, is illegal. Do not listen to it. Once arbitrage occurs, The credit card account will be frozen and legal liability will be pursued.
3. Be suspicious of sudden transfer requests via phone calls and text messages!
Prevent telecommunications and remain highly vigilant about suspicious calls, points redemption, credit extension, judicial investigations and other information. Public security organs do not set up safe accounts, let alone allow people to transfer money to safe accounts.
4. Don’t click on links that pop up on web pages or text messages!
Many criminals use fake base stations to impersonate the official customer service numbers of banks and telecom operators to send text messages or make phone calls to cardholders, tricking cardholders into dialing the phone number specified in the false text message or clicking on it. Links pop up to further trick cardholders into making transfers.
5. Don’t give the numbers on the back of the card and the SMS verification code!
Do not tell others important credit card payment information, such as validity period, digital verification code on the back of the card, mobile phone verification code, etc., especially the digital verification code on the back of the card.
6. Don’t touch illegal credit card buying and selling online!
The bank card can only be used by the person and cannot be rented or lent. The process of buying and selling credit cards may be accompanied by illegal activities such as illegally holding a large number of credit cards and buying and selling resident identity cards.