Does direct credit card payment affect credit?

Credit card payment directly does not affect credit. The user's behavior of swiping credit cards for consumption will not affect the personal credit report. Only the overdue or illegal use of the credit card will affect the personal credit report. For example, overdue or illegal use of credit cards will cause bad credit records to be uploaded to the credit report. Once a bad credit record is generated, it will take a certain amount of time to delete it. During this period of time when the bad credit record is not deleted, the user will not be able to apply for other credit services.

Remaining content

Therefore, just from the perspective of credit card consumption, the use of credit cards will not affect the user's personal credit. Credit card swiping does not mean you get a credit report. In the credit report, only the amount to be repaid on the credit card will be displayed. As for the amount of each consumption, the credit report will not record it. If every consumption record is reported to the credit report, the credit report will be filled with a large number of meaningless records, and it will be more difficult for financial institutions to check the report.

Can credit cards only be used for swiping purchases?

Credit cards can not only be used for swiping purchases. In addition to swiping purchases, there are a variety of consumption methods to choose from, such as binding third-party payment for consumption. , cash withdrawal, online consumption, quick pass transactions, etc. So credit cards are not just for swiping purchases.

1. A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit. 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).

2. The origin of credit cards: The earliest credit cards 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. Credit cards are generally special carrier plastic cards with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there are chips, magnetic strips, and signature strips on the back. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

3. Types of credit cards:

(1) According to different card issuers, they can be divided into bank cards and non-bank cards:

①Bank cards: This It is a credit card issued by a bank. The cardholder can shop and consume at the card-issuing bank's special merchants, and can also withdraw cash at any time at all branches of the card-issuing bank or places with ATMs.

②Non-bank cards: This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.

(2) According to the different objects of issuance, it can be divided into company cards and personal cards

①Company card: Company cards are issued to various industrial and commercial enterprises, scientific research and education and other undertakings Units, national party and government agencies, military units, groups and other legal organizations.

②Personal Card: Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households, and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

Can I swipe a credit card after it has just been activated?

After a credit card has just been activated, you can swipe it directly for consumption, but there are the following things you need to pay attention to:

1. Credit card activation You need to set a consumption password before you can use it. If you do not set a password when swiping your credit card, you only need to sign after paying. If you set it, use the password to pay.

If you choose to pay with a password, the security of your credit card is higher. When checking out after consumption, just enter the wrong password. If the payment can be made, it is a signed consumption without a password. If it fails, the password has been set successfully.

Because credit cards are generally sent to customers by registered mail, sometimes there will be some mailing errors. In order to prevent the credit card from falling into the hands of others and being used, the credit card needs to be activated with personal information before it can be used.

2. There are two ways to activate a credit card. One is to directly call the customer service number to activate, indicating that you have received the credit card and need to activate it, and then just tell the customer service your information.

Another way is to go to a bank branch to activate. Be sure to bring relevant documents to prove your identity. Remember to activate your credit card within the validity period and keep your credit card in good condition.

1. How to calculate credit card installment interest

When it comes to installment repayment, you must first understand its interest calculation mechanism. Strictly speaking, it is the calculation of handling fees. Different banks have certain differences in terms of the number of installments and the rates. Take China Merchants Bank as an example. The bills are available in 2, 3, 6, 10, 12, 18, 24 and 36 issues. Many people cannot afford to repay the money, so they think that the longer the installments are, the better, and they only need to pay back a small part every month, but that is wrong.

Because although the installment handling fee is fixed every month, it changes according to the number of installments. The extra fees for 24 installments are much higher than those for 3 installments. Handling fee per period = application amount and handling fee rate per period. This rate is generally between 0-1.67.

2. Can credit card installments be repaid in advance?

There are too many users who subconsciously go for long-term installments, which not only incurs more handling fees, but also makes consumption inconvenient. I originally owed 10,000 yuan and divided it into 10 installments. Not to mention that I had the money to pay it back. Those unpaid installments occupied the credit limit, and it was inconvenient to swipe the credit card.

Therefore, many people have the intention of repaying their loans in advance, thinking that if they pay off their loans earlier, they can regain their freedom as soon as possible. But everyone must understand that once you apply for installment repayment, you cannot cancel it. And it’s not just how many installments you want to pay in advance. If you want to pay back part of it in advance and pay back the rest slowly, it’s not possible.

If you want to end the installment early, you not only have to apply for it yourself and the customer service, but you also have to pay off all the remaining outstanding debts in one lump sum. This is one of the reasons why installment payments are not recommended.

Can I use the newly opened credit card to make purchases directly?

Yes, after the credit card is opened and activated, you can directly swipe the card for consumption.

1. Credit card purchases generally have the shortest interest-free period for purchases made on the day of the statement;

2. Purchases made on the day after the statement date have the longest interest-free period. ;

For example: the billing date for China Merchants Bank’s credit card is the 20th of each month, and the repayment date is the 8th of each month. Then if the consumption is on July 20th, it belongs to the bill of July 20th, and must be in Repay before August 8th, so that you can enjoy the shortest interest-free period;

If it is consumed on July 21st, it belongs to the bill of August 20th, and should be paid before September 8th Repayment can enjoy the longest interest-free period.

Can credit card purchases be made only by swiping the card? There are also several ways to use cards

When it comes to credit card consumption, many people will think of taking out a credit card and swiping it at the POS machine. In fact, swiping the card is just one of the ways to use credit cards, not the only one. You can only consume by swiping your card. Today we will briefly introduce the pros and cons of several common ways to use cards.

Can I only use credit cards to make purchases?

In addition to swiping purchases, credit cards can also be used for online payments and quick pass transactions. Different card use methods have different pros and cons.

1. Swipe card consumption: Use POS machine to swipe the card. According to the type of credit card, it is divided into insert card or swipe card. For example, swipe the card with magnetic stripe card and swipe the card with chip card. Many banks are not very friendly to credit card consumption. Now they only recognize UnionPay POS machines and do not count points for third-party payment POS transactions. If you use them regularly, you risk having your card derated or blocked.

2. Online payment: that is, binding a card for consumption on a third-party payment platform, such as Alipay, WeChat, JD Finance, Meituan, etc. Many banks prefer online payment after major changes in their points. In the past, few online payments had points, but now the reverse is true. Many merchants do not count points for offline payments, but most online payments have points.

3. Quick Pass transaction: It can also be regarded as swiping a card, but it is different from the traditional way of swiping a card. It mainly uses contactless payment methods. There is no need to take the card out, as long as the credit card is bound to the mobile phone. Bring up the payment interface and bring your phone close to the QuickPass POS machine. If the single payment does not exceed 1,000 yuan, you can directly skip the password and make the payment, and most of them also have points.

The above is the relevant introduction of "Can credit cards be used only by swiping the card for consumption?", I hope it will be helpful to everyone.

Is it better to use QuickPass with a credit card or swipe the card directly? Compare the two aspects

There are many payment methods with credit cards. Common ones include quick pass and swiping the card directly on the POS machine. However, many friends insist on comparing these two methods and propose For questions like "Is it better to use QuickPass with a credit card or swipe the card directly?", today I will talk about my opinions.

This needs to be compared from two aspects, one is convenience and the other is rate.

1. Convenience:

Relatively speaking, Quick Pass is definitely more convenient. You only need to bind the credit card on your mobile phone. You can leave the credit card at home, so you can avoid The card may be lost when you bring it out. When you want to swipe your card, just hold your mobile phone to check the QR code payment page of the third-party payment, turn on the NFC function of your mobile phone, and approach the QuickPass POS machine with a click to complete the transaction.

If you swipe a card, you have to go out with your credit card and then make transactions at the POS machine. You need to swipe the magnetic stripe card and insert the chip card. If you have set up a password transaction, you have to enter the password. However, some chip cards are Quick Pass cards, which can also be used for Quick Pass. If you activate double-free, you can skip password transactions if a single transaction is less than 1,000 yuan.

2. Rate:

The rates for quick pass and credit card are different.

Quick Pass is a UnionPay mobile payment method. The rate is subsidized by UnionPay. If a single transaction is less than 1,000 yuan, a handling fee will be charged according to the rate of each transaction; swipe the card directly. After the 96 fee is changed, the credit card fee cap will be cancelled. , the standard rate is per transaction, but for cardholders, there is actually not much difference, because the credit card swiping fee is borne by the merchant. However, if you use a POS machine to maintain your card, Quick Pass is obviously more cost-effective. But you can’t always use Quick Pass, otherwise it will be easy to be risk-controlled. It is best to use a combination of Quick Pass and credit card for consumption.

That’s it for the introduction of whether to swipe a credit card directly.