This is a rebate activity launched by some banks to promote credit card business.

The commissions for different banks and different cards are also different, and the rebate methods are also different. They are divided into rebates for passing the initial review, activation rebates, first-time swipe rebates, etc. Generally, there is a validity period. Cards activated or swiped for the first time within the specified time will no longer be subject to commission settlement! However, personal information must also be protected to avoid unnecessary losses caused by leakage.

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.

Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed.

At this point the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card. After a credit card merchant or bank accepts a credit card, it must review the validity of the credit card and the identity of the cardholder.

From the perspective of cardholders, online payment is considered to be the riskiest among several credit card payment methods, because malicious people may use phishing, eavesdropping on network information, and fake payments. Use gateways and other means to steal user information. Pre-authorization is generally used to pay a deposit, which means freezing a portion of the credit card's available limit as a deposit.