It means binding the credit card to mobile banking or third-party payment platforms, such as WeChat, Alipay, etc.

After the credit card is bound to Alipay and WeChat, you can use Alipay or WeChat to directly pay the money on the credit card without bringing the physical credit card. It is more convenient and faster to use than using a card for consumption.

The main differences between credit card binding to Alipay and direct card consumption are:

1. After the credit card is bound to Alipay, you only need to scan the QR code when making payment, which is simple, convenient and fast. However, paying by card requires not only bringing the card, but also entering the password and signature, which is more troublesome.

2. Credit cards require an annual fee, but the annual fee can be waived after a certain number of swipes. Nowadays, many banks cooperate with Alipay. Bank cards bound to Alipay will also count the number of card swipes and earn points.

3. WeChat and Alipay now have reward activities. Alipay’s reward money and WeChat’s shake are free of charge. You can participate in the activity when your credit card is bound to Alipay for consumption.

4. WeChat and Alipay scan code payment has a limit, and payment cannot be made beyond a certain amount; while there is no limit on credit card swiping, so it is more advantageous to swipe the card directly for large purchases.

Extended information

Be careful when using credit cards:

Card holders should protect their personal information. It is best that only they know their personal information. They like to show off their personal information on the Internet. The cardholder of the object must be careful not to send photos with card information to the Internet. ”

In addition, do not let the card out of your sight when swiping the card, and consumers who like to pay online must be careful to screen for phishing websites. If your relatives want to use a credit card, you can apply for an additional card. It is best not to use your card directly to avoid unnecessary losses.

Usually banks provide cardholders with protection against lost or stolen cards, and this protection is mostly limited to users who have not set a password. The same business is available in almost all banks, and the protection time (48-72 hours) and limit (usually 5,000 yuan for regular cards, ranging from 10,000-20,000 yuan for gold cards) vary from bank to bank. However, the fraud protection is not foolproof and is still set. It is safer to set and use a password

Baidu Encyclopedia - Credit Card

People's Daily Online - Early Prevention of Credit Card Risks